98
Beiner 2y ago

So to explain it in simple words Lbtc is basically just a privacy coin.. so btc is not private and they made this side chain so ppl can transact and not be traced that's what basically is liquid bitcoin

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98
Beiner 2y ago

So your main btc wallet will not accept Lbtc you need blockstream app to convert to real btc

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Wondrej 2y ago

So isn’t the LN the same ?

I heard about Stax, some second layer of btc, so I thought it is the same as a Lightning Network 🤔

98
Beiner 2y ago

It's not. Lightning is a second layer on btc.. liquid btc is not you need to convert btc to LBTC to use..

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Wondrej 2y ago

Oh, I only googled that Lbtc and they are presenting as a second layer, so I thought it is the same.

Thanks for explanation 🤙🏼

So lBtc is same like dogecoin and other shitcoins 🫡

98
Beiner 2y ago

Basically but don't tell OG's they het mad 🤣

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Faith & Practice 🍁 2y ago

That's what I'm getting. Liquid Bitcoin is a distinct crypto currency and is not in any way redeemable for Bitcoin without incurring transaction fees and using an exchange?

98
Beiner 2y ago

Correct and I believe liquid btc is only on blockstream platform or wallet whatever lol

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Faith & Practice 🍁 2y ago

So when blockstream says they're a Bitcoin-only company it's sort of like.. kinda?

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Faith & Practice 🍁 2y ago

So basically...

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Wondrej 2y ago

So basically modern BitConnect xdd

Soon #Zapathon

I’m glad that we are not on BitConnectstr 🤣🧩