Replying to Avatar Cyph3rp9nk

Jade is the blockstream hardware wallet that supports liquid network.

With liquid network we have almost instantaneous transactions and they are also private.

The advantage over Lightning Network is that they are more private and we have the ability to cold store them in the Jade hardware wallet. When the rates go down we can exchange the L-BTC for BTC on the blockchain.

It's time for sidechains, I see no alternative.
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kyle 2y ago

Doesn’t L-BTC just mean your actual BTC is now custodied by the “Liquid Federation”… maybe I misunderstand but how is it any better than wBTC and other shitcoin bitcoin derivatives?

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nobody 2y ago

Same. This is my understanding too. Same with Fedi and Fedimint.

Almost like a new concept of a bank...

Walled ecosystems of trust.

If I have this right, conceptually.

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Joda 2y ago

With a Fedimint any group can create their own trusted custodians. Or everyone involved could be. It's anything you want.

With Liquid it's a bunch of companies that could be shut down by governments. And you have no control over them.

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EVERYTHING 2y ago

You think blockstream can be shut down just like that

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kyle 2y ago

It’s custodial. It’s not trustless. Whoever is in control of your bitcoin, it is not you. I’ve never understood how Liquid is marketed basically as an alternative to Lightning. It’s a shitcoin derivative of bitcoin as far as I can tell.