Why?
Discussion
Because same problem remains. Liquid is #Bitcoin IOU, not #Bitcoin.
Trust is required to reedeem(peg out).
nostr:note1hqcvj22tlxn63zq4n3aq82tvv59g99gff9t0m579hkufznn4c98qfl8hga
There is a backdoor which can be accessed by blockstream.
nostr:note1u25r5kvmxtcn30cjjuek4dfaajvws36jd2n80w8p8mdpmcw3dlqssgtnu2
It will repeat the history of gold.
nostr:note1e5y680tlw6ejxu2mzfvwdapzju9h3ya56e39vaf343vcteuw95vq6tyv4a
If you think alby is safer then you do you.
Signal
I don't think that's what they're saying.
I think they're suggesting that LN offers choice by way of having a product which companies can then offer by way of custody, but also said product can be utilised without such companies and taken up by ourselves.
Whereas in Liquid you can't, at all, have that same choice. The infrastructure is a federation (of 16?) corporate entities. Users have no way to run their own infrastructure.
As much as we're going through a rough patch with lightning, truth is, EVERYONE is free to take their sats and run their own nodes, especially nowadays with things like nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 Wallet allowing anyone to run their own mobile wallet (it's still in beta, but close.) - That's the distinguishing feature here and as much I have my own uncertainties about lightning, it's something worth protecting rather than jumping boat to something that just seems to work, potentially because it has very little usage compared, without really looking behind those curtains.
No longer in beta. We’re on both app stores now too
Hello nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 friend,
I installed v 080 arm64 from github and now it shows my channel with you as inactive and the UI channels page is blinking nonstop.
Suggestions? Should I just wait for next release or nuke and install from playstore from now on?
Try disabling auto redeem in Lightning address settings
That fixed the blinking :).
But channel remains offline/Olympus peer status inactive. Deleted cache, restarted, same.
👀
Sometimes the node just conks out, and eventually resolves itself and works again (maybe Evan turns it on and off again, lol).
Try refreshing from the channel screen, and see if that changes anything. Nine times out of ten, it does.
Yeah I’ve finally been reading about Liquid. Early on still, but my initial, likely to be inaccurate impression is it just custody with more steps?
Custodial*
The difference is kinda crucial 😂😅
What you asked is, "Is Liquid custodial or not?", it is custodial. But, to me, it is worse than other custodial services and it is just one of shitcoins. Liquid clouds #Bitcoin-ers' eyes. I dare saying it is a #Bitcoin affinity scam.
LN is layer 2, not product of one company. Custodial LN is product. Some people run their own LN nodes. Some people use custodial LN with considering tradeoffs. To me, it is acceptable whether I use or not.
Liquid is different from LN. It is hyper centralized in the first place. It is product of Blockstream. Some people use Liquid with considering tradeoffs. To me, it is not acceptable. Stacking liquid instead of #Bitcoin due to the low fee is equal to stacking paper gold instead of gold due to the interest. It will repeat the history.