I had no idea, and personally stay the hell away from liquid, but to play the devils advocate, isn't one of the greatest risks of the pow-less blockchains the ability to pressure the verifiers to misbehave? A close second being collusion?
Don't get me wrong, this is a pretty crude way to fix those problems, but it does kinda fix them.
The issue is that we don't know how diverse that panel of signers are.
It could be that every signer is registered at Blockstream and that the list is known to government agencies and marked as top secret to prevent us from knowing it.
So then one or more governments might have the power to coerce a majority of signers and they know how to do it discreetly too, but we don't know this.
Conspiracy theory? Maybe, but until we know, we don't know.
