The new Lightning-capable #BlockstreamGreen works flawlessly (even in beta), receiving sats from Wallet of Satoshi and then zapping a friend on #Nostr.

#Bitcoin, Liquid, and Lightning in one, non-custodial, privacy-focused wallet. Open beta coming soon!

Green's Lightning integration works via Blockstream's Greenlight under the hood, which does most of the heavy lifting, while the Breez SDK acts as a facade and LSP service.

Don't miss out on other upcoming experimental features by signing up for Green's beta program:

https://help.blockstream.com/hc/en-us/articles/14884124911385?ref=blog.blockstream.com https://nostr.build/av/e792916caba2e3a3e9b57e511e484ab784fdc2cb81a1e1e3a6b3644c78d1f8a3.mov

Indeed

Buhdonka

Hehe, welcome

1) censorship: selective action like the ability to censor a certain UTXO on Liquid is mathematically impossible because you can't even identify outputs due to confidential transactions (which blind asset and asset type). They would need to know the UTXOs beforehand and even then you wouldn’t lose coins, it would just fail and you’d try again with a diff UTXO.

2) state: Liquid is resilient because the federation members (who custody the BTC multisig) are in multiple jurisdictions across the world and run physical HSMs, you literally have to go in-person to commandeer them and turn off. There’s also the Dynamic Federations upgrade last year which allows the Federation to add/remove entities to be able to peg-out (without them having to run functionaries/have HSMs), so in the event of a real globally coordinated state attack, there would be more options to peg out.

Hope this helps.

Hah, it’s not an altcoin, that’s a first.

It’s a 1:1 BTC peg/IOU - you lock up BTC in a 15 member multisig (similar to the Fedimint model) and unlock L-BTC for increased confidentiality and speed.

These Federation members are geographically dispersed and also run physical, custom hardware security modules (HSMs) attached to host servers (known as functionaries) to make them tamper proof.

Liquid doesn’t take away from Bitcoin network effects (like DOGE or other shitcoins) because it uses Bitcoin as its native currency. It actually does the opposite, it furthers hyperbitcoinization by allowing for Bitcoin to be a settlement currency for capital markets and assets like digital securities - see the El Salvador Volcano bond that is planned.

Liquid was also the first Bitcoin sidechain built by OG Bitcoin Core devs and continues to be 1:1 parity at all times with Core, unlike many alts or even other “L2s” like Rootstock, which is built on ETH and legitimizes scammy altcoins.

As you should know, everything is a trade off with Bitcoin, which is fully permissionless and decentralized. In a hyperbitcoinized world, where most retail txs will be on L2, it’s important to understand each and how you should ideally apply them to your stack.

Personally use Lightning for fast, small, low-cost micropayments with friends and Liquid for confidential, secure medium and large transactions (esp when trading, lending) or midterm hodling. Use both to save on fees.

Here’s a fair breakdown between bitcoin and other L2s and custody solutions:

Security: Bitcoin > Liquid > Lightning > Exchange

Trust/uncensorable/unseizable: Bitcoin > Lightning > Liquid > Exchange

Confidentiality: Liquid > Lightning > Bitcoin

Speed: Lightning > Liquid > Bitcoin

It was our first choice but didn’t have the functionality we were looking for yet, like the ability to have interactive lessons and search optimized threads. We’re confident we’ll get there though!

Haha, indeed

Adding a step by step checklist on screen (perhaps even as a pop up) would do the trick, so the user could follow along during the process.

- Transaction received

- Swapping

- L-BTC / LN-BTC sent to wallet

- Received

- Swap complete!

Something along those lines…

A bitcoin infrastructure company that has a list of bitcoin products and solutions, including mining operations, a software and hardware wallet, several L2 implementations (CLN and Liquid), runs the Blockstream Satellite network, and does R&D for Bitcoin Core.

DM me if any questions, happy to help.

With Boltz? No, they are an accountless swap platform, so clean. But you’ll need a fiat on-ramp and those are all KYC (Strike, CashApp, any exchange). Luckily transactions are confidential on Liquid so when you hold any asset no one knows the asset type or amount. This may help obfuscate before pegging back into the mainchain eventually.

A great way to save on fees and continue to stack sats using Bitcoin layer-2 during a sustained high-fee market like we saw a few weeks ago. Strike, CashApp or some other fiat on-ramp to Boltz to Green or Jade hardware wallet for cold storage - savings of upwards of 95% on fees.

Once fees drop sufficiently again you can bridge back into mainchain from Liquid for long-term HODLing.

Easy and cheap. nostr:note1lumwfwxcdrsk8rytd4esrwygkvn2kh9e85qsx6qh553c0w58nsxs6n0n36

The new Elements release v21.1.1 reduces a Liquid nodes memory footprint by nearly half, from 5529.6 MiB to 2764.8 MiB. This means users can confidently run Bitcoin, Lightning, and Liquid nodes concurrently on little more than a Raspberry Pi.

Memory consumption post-IBD sync with tests executed on 8GB RAM/4GB Swap VM 👇

It's really game over when Green adds Lightning (via Greenlight).

You'll be able to hodl your onchain bitcoin and assets like FUSD (a bitcoin-backed stablecoin) or the Blockstream Mining Note (earn tokenized hashrate) alongside access to Lightning for quick payments - all in one non-custodial #bitcoin wallet.