Yes and when my threshold is reached in terms of my personal acceptable risk on liquid, I peg out to on-chain cold storage or swap into lightning.

Both of us require permission in these scenarios. I'm still uncertain how one is worse than the other. What am I missing?

Hold on, it sounds like you may not understand how a withdrawal from cashu works.

A cashu mint is just someone else's lightning node. When you send a lightning transaction to their node, they mint chaumian ecash for you that is spendable within the mint. Any transaction to a destination outside of the mint (aka a withdrawal) requires the mint operator to allow for the redemption. This can be rugged at any time, meaning you do indeed need a middle man (the person running the node) to allow you to do so.

Alby is also a middle man. They are holding the funds on their lightning node and could deny you the ability to withdraw at any time. Not saying they will, but it's possible.

Liquid is a similar model, but it isn't a single counterparty. Rather, it is a group of 15 entities around the world (Bull Bitcoin, Bitfinex, Jan3, Zaprite, and others). In order to rugpull it would require 11 of them to collude.

I'm unsure if you misunderstood how these systems work, or if there's another aspect I'm missing in which you've labeled only one of these three custodial solutions as shitcoins...

Also you're using a custodial lightning wallet for Nostr... Which is again more rugpull risk than liquid. I'm confused regarding your deep opposition to another custodial option with significantly less risk.

Don't use it then.

I see aqua is collecting users DNA. No thanks.

easy to get out via lightning but not so much to the base chain

smell of shitcoins in aqua wallet 😬

one issue is the limited options to pegging-out for L-BTC after stacking off chain... float exchange rates are 1% plus swap fees and miner fees --causes users to delay base chain settling as long as possible nostr:note10lddzk9jlfuapv7zgy9pdxdeaa3zmqn23dr3dlkl72ps8yrylqyqqgydem

what the heck is liquid bitcoin?

Aqua wallet is very interesting. 👀👀👀

THANK YOU JIM

I don’t give a fuck about ETF!