Nostr Web Client

Liquid is multisig to begin with... The point is they're transparent with the security model unlike Ethereum which pretends it's something it really isn't in practice.

(Also, IIRC those backups aren't actually accessible by Blockstream without the functionary giving it to them - they're encrypted so the functionary can't use it alone: it functions as an effective 2-of-2)

Gildong.Hong 2y ago

Thank you for commenting. Correct me if I'm wrong.

I didn't say how easy or difficult to access the backdoor. I said there is a backdoor. What you told me doesn't mean that Liquid doesn't have a backdoor. Can you say that there is no backdoor on Liquid?

Furthermore, the point is that because of this, liquid will repeat the history of gold that we saw with EO6102. Eventually, it will become a fiat money that we saw in 1971.

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