Why would I trust a federation with my coins it’s basically trusting an exchange. When I mean privacy I mean just as easy as using cash. Not giving up my coins to custodian who may not return my coins and hope my txs can’t be traced back to me. From what I read it. You need true end-2-end encryption from the privacy experts I have spoken to.
Discussion
Using liquid in and out for privacy isn’t a worry there’s nothing custodial about it as you just said it’s federated! If you want to use cash as in hand people the physical #Bitcoin use an
Or print your own cash using a paper wallet to the value you wish - https://99bitcoins.com/bitcoin-wallet/paper/ 