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But it's still bitcoin and not a shitcoin. L-btc loses because it needs trust in the federation. But it gains in anonymity and reduced fees.

ede3d957... 1y ago

I said read about the technical aspects. L-BTC is not BTC. It's a derivative that involves trust in the federation. Now do you participate in the federation? No! So it's a classic trust me bro thing.

Besides that Monero plays in a different league from a privacy perspective.

Giving up some privacy to gain some of the properties of Bitcoin is a smart hedge.

Giving up both essential qualities of Bitcoin and Monero not only sounds stupid. It is stupid.

Liquid is meant to be used by CEX. So if you are not Kraken, Coinbase or Binance what are you even trying t achieve?

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Discussion

Awakened slave 1y ago

If I peg-in and then peg-out and send it to another wallet, will it still be linked to me?

Saberhagen The Nameless 1y ago

I think it would be fairly trivial to trace, so yes. You need to coinjoin or something before or after to obscure the transaction graph.