Fees could be a million sats/vbyte, I still wouldn't touch Liquid, fedimints or cashu.
From the moment you loose custody and the ability to exit unilaterally, it's over for me.
Discussion
So how will you stack sats then? 🤔
I wouldn't.
I can't afford not stacking sats, unfortunately...
You wouldn't be stacking sats, but IoUs subject to fractional reserve and censorship.
Security vs. Efficiency. I wouldn’t be stacking large amounts, but I would use Liquid as a temporary cold storage. I understand your point, it’s just me who can’t afford not stacking anything for a while. My government won’t guarantee me any pension and I still trust Liquid more than I‘d trust a bank.
In my opinion fees will go down after a few weeks
Last time the high-fee period persisted for months. For someone who has a DCA plan, even 30 sats/vbyte is high fees…
actually only custodial solutions remain therefore I understand nostr:npub16r0tl8a39hhcrapa03559xahsjqj4s0y6t2n5gpdk64v06jtgekqdkz5pl 's opinion
I don't want to recommend central exchanges to anyone
* who does not know the dangers and trade offs
Exactly. My point was that, if DCA is your only option and you only want non-KYC corn, there's no way around Liquid as an intermediate solution. It bears certain risks, for sure.
This is a bad take in my opinion. But I respect and see where ur coming from…
If u scroll my page back far enough, hell idk it was probably 3,4,5,6, months ago…
I was making notes about how all that shit is garbage.
This was when u had guys talking about drive chains.
I was saying everything except bitcoin is a shitcoin.
Now I’m saying bitcoin doesn’t even exist
It’s just sats
And I love lightning ⚡️
That’s 100% real
And liquid is badass
Don’t knock it till u try it
Aqua works flawlessly with cash app
I was in the camp that liquid was a shitcoin
Not anymore
I like liquid . I’ll just say that
Yes there will be trade offs
With Aqua and liquid u don’t loose custody. U have 12 words….
That doesn't matter. Someone else owns your actual Bitcoin with Liquid and can rug you. I'm guessing you also use lightning with a custodian or LSP, like 95% of LN users, which means it is custodial or permissioned.
Would you rather turn your utxos effectively to a dust (near dust)?
What's the alternative you would use if, let's say, a fee would be 1-10x of the stated transaction price?
If we get to that stage, the high fees are sustained (more than 1 month) and no trustless L2 works, then we have failed. It would be time to pack things up and move on.
I'm not some bitcoin religious fanatic. I'm here for the freedom, not the cult.
Is truly trustless even theoretically possible?
Even Bitcoin (L1) is just trust minimizing solution.
We'll see how it turns out, the markets will decide what are the acceptable tradeoffs.