Why do you care so much about something you clearly don’t use? Liquid is never going to be adopted by the plebs. It’s mainly going to be a utility for institutions. I know where I stand and where every one of my sats is.
Discussion
Even institutions just need to own real #bitcoin not alternatives…
If they cannot because of accounting problem, they would rather buy ETF not liquid even tho they are both IOU.
Why?
At least ETF would have strict regulations applied rather than liquid.
Thank you for moving on next phase.
As far as I know, Adam Back claims that plebs will need Liquid because of lack of Bitcoin's scaliability. By the way, why not Bitcoin for institutions?
I worry about Bitcoin becoming the past gold. Only few held their own physical gold, because it has physical limitation. I believe you know what EO6102 and Nixon shock are. Liquid reminds me these. I'm not talking about fractional reserve system.
And also Liquid is fragile. The more Liquid grown the more return for compromising Liquid. More distributed Liquid Fed is not an answer. I believe that we MUST find the real solution.