“Cash” held in Liquid’s wallet is not self custody.
Cash in MY wallet is self custody.
Discussion
Oh really, what's the difference?
A “wallet” is actually a private key
If you’re using someone else wallet, only they can sign transactions to move funds because they hold the private key.
If you use a self custody wallet it means you hold the private key and you control any movement of funds.
Lol, yes, I know what a private key is. You hold your own private keys on Liquid. So, there's not really a point being made here.
The issuing authority and the payment infrastructure is the Liquid Maintainer's "custody."
The LiquidBTC is full yours just like cash in your wallet. The difference is the federated group can't print more LBTC without collateral (unlike the federal reserve)