Replying to Avatar Cyph3rp9nk

Are you prepared for a high chain fee environment?

Liquid has been undervalued for a long time, here are the advantages:

- You forget about incoming liquidity problems.

- Confidential transactions

- Used in the same way as bitcoin, you forget about being "online".

- No known security flaws.

- Possibility of cold storage.

As disadvantages:

- It is federated, even so it is much more secure than an exchange or a lightning custody wallet, and if you use cold storage it is more secure than a hot wallet.

- In terms of scalability it is not a panacea either, it is just that now few people use it and that is why it is viable.

Some blockstream people advocate moving the ordinals to Liquid but if we do that then it will be Liquid who will suffer a high fee environment...and it will be Liquid functionaries who will earn that money in fees.

In short, it pays to know how to use and move in Liquid as well as Lightning to successfully deal with a high fee environment, but neither is a panacea.

Liquid is simpler to use than Lightning and has fewer bugs, has good privacy for both the receiver and the sender from an outside observer, on the other hand Liquid is federated and is not as scalable as Lightning.

And one of the points why I think Ligthning has had more adoption, is that with lightning you work directly with Bitcoin, it's not a sidechain, with Liquid you work with a token until you do the pegout, it's a sidechain.

That said, you need to use both, right now we don't have anything else.

Can I buy liquid non KYC anywhere?

Reply to this note

Please Login to reply.

Discussion

You have several options, if you have BTC you can make the pegin yourself to get the same amount in Liquid or you can use for example boltz to transform LN-BTC (lightning) into L-BTC (Liquid). You can also buy Liquid in Bisq.

Thank you. I'm looking for a way to directly buy liquid for fiat. As a way to buy Bitcoin, but avoid high fees.

For example, inspired by a recent BTC sessions video, buy liquid for $100 every month and, after 6 months peg it all out to Bitcoin and send to cold storage with one transaction on chain.

So I guess I'm looking for a liquid exchange, and ideally a non KYC one...

Do you know and recommend any?

I see a long list of partners on the liquid website but I was wondering if you can recommend any.