What are your opinions of the Liquid Network?

I find the whole thing interesting and with lots of potential. I'm currently digging through the technology and organization to better understand the pros and cons.

In my view I think it's doing very important work with the USDT connection, bridging Bitcoin/USD and that's the reason I'm interested in it. In my view it provides a good alternative for navigating market fluctuations by allowing a relatively decentralized/secure (more than the current financial systems) way of holding something like USD in bear markets. I know this might rub off some Bitcoin maximalists though. :D

I'm now interested in the technicalities of the whole thing. I do know it's a federated system but I also don't know how an ideal could look like and if the comparison to anything else (currently of course) might not edge close to a Nirvana fallacy, i.e what is truly the risk in the current scenario. In this case it seems to me, that a federation of very culturally aligned players might be a good middle way before a more technically decentralized system, and indeed a step in the right direction.

I wonder what you think?

#bitcoin #asknostr #liquid #usd