Replying to Avatar Hynek

I don’t see the direct link to my points.

1. Fees go to Functionaries, right? Or maybe to Federation members, but it doesn’t make huge difference..

2. I agree that Liquid federation might be the best federation in the space, but still. Any 5 of them can steal all the funds. If government will push, they can do whatever they want with Liquid - and all the locked bitcoin.

3. Ecash is not that mature and anyone can steal there.. But we can build tools to make it inefficient. And it can be way more resilient.
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Ben Arc 1y ago

1. This was a benefit of ecash you made "fees are decentralised", it's also true for liquid.

2. That's why great care was taken to make the federation is geographically seperate. The lag of regulating gives the federation time to adjust.

3. True of any technology in bitcoin, Liquid included.

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Hynek 1y ago

1. I would argue that Liquid fees are not decentralized.

2. Government attacks can be fast without supporting legislation. See samurai or tornado cash cases as an example.

3. True, but I still think that Liquid is more vulnerable. It’s only few entities. With e-cash it can be simply hundreds of thousands. That doesn’t apply to Liquid (it wouldn’t scale than…)