I can easily explain that - it's because liquid and Ecash provide similar benefits for payments while still being denominated in Bitcoin and not a shitcoin. Hence the "build privacy on top of Bitcoin" position I always take.
For all the talk you guys do about how every merchant loves monero your mempool is dead lmao.
If you recommend Liquid you obviously don't care about dead mempools lmao
Here is my original note which started this conversation. If you think my point boils down to "empty mempools bad" you are having trouble understanding.
My point was just that Monero scales worse then Bitcoin on L1 and has almost no fees because it has very few users. Yes, blocks are dynamic, but it doesn't matter if you have 12 transactions per block.
Liquid is not a shitcoin network, it is a Bitcoin denominated sidechain with different tradeoffs. So the network effects and economics of Bitcoin apply to it. It is just a tool, not a currency itself. Monero is a shitcoin with a floating exchange rate so it gets harsher treatment.
Ok, I still don't agree that Liquid benefits from Bitcoins network effects despite being Bitcoin denominated. We can see in it's transactions volume and lack of merchant adoption. In practice it's a different network.
And almost no merchant accepts Liquid or Ecash. Monero is massive in comparison to both.
