Thoughts on how to un-KYC. đ¤âď¸
Aren't a lot of mixers hot wallets essentially? Where if they went poof, goodbye, everyone gets rugged?
Yes. Federated side chains are the epitome of trust. But there is no such thing as completely trustless. (Think about it). From the software kernels to the hardware devices to the Core and mempool interfaces, we're using some limited trust often.
Liquid is what I consider a lukewarm wallet.
Adam Back IMO has been here since day 1 and has a good reputation for being all about the tech. He's low key and sticks around to build interesting stuff. Not a lot of ego. Just a computer and finance geek enjoying tinkering.
Blockstream makes good FOSS stuff too IMO.
Whereas, Sparrow, for example, when mixing, at some points is hot. Your coins and getting zipped around and you have to trust they'll come back.
IMO, Liquid has a good reputation and trusting them in small, measured doses is a point some of us can consider.
Fees to peg in and out are 0.1%. Lowest in the game for what's trying to be accomplished.
Caveat: no I don't work for them. I just went down the rabbit hole and literally came up with: liquid, coinjoins, or atomic swapping off chain with something like XMR.
In each scenario trust was involved at some level, as were fees.
Cipher Stories
npub103âŚw3uul
2023-09-02 06:28:29
Author Public Key
npub103tex2x0jq52g4yd2yt6lf8cgj8m2yx2jq3l2a4hhjg0cklxeelq7w3uulPublished at
2023-09-02 06:28:29Event JSON
{
"id": "d54ec913b6b5eadac1931a08e1d8e52d7cbbf1f91f949f9f749ce358f65e29cd",
"pubkey": "7c579328cf9028a4548d5117afa4f8448fb510ca9023f576b7bc90fc5be6ce7e",
"created_at": 1693636109,
"kind": 1,
"tags": [],
"content": "Thoughts on how to un-KYC. đ¤âď¸\n\nAren't a lot of mixers hot wallets essentially? Where if they went poof, goodbye, everyone gets rugged?\n\nYes. Federated side chains are the epitome of trust. But there is no such thing as completely trustless. (Think about it). From the software kernels to the hardware devices to the Core and mempool interfaces, we're using some limited trust often.\n\nLiquid is what I consider a lukewarm wallet.\n\nAdam Back IMO has been here since day 1 and has a good reputation for being all about the tech. He's low key and sticks around to build interesting stuff. Not a lot of ego. Just a computer and finance geek enjoying tinkering.\nBlockstream makes good FOSS stuff too IMO.\nWhereas, Sparrow, for example, when mixing, at some points is hot. Your coins and getting zipped around and you have to trust they'll come back.\n\nIMO, Liquid has a good reputation and trusting them in small, measured doses is a point some of us can consider.\n\nFees to peg in and out are 0.1%. Lowest in the game for what's trying to be accomplished.\n\nCaveat: no I don't work for them. I just went down the rabbit hole and literally came up with: liquid, coinjoins, or atomic swapping off chain with something like XMR.\n\nIn each scenario trust was involved at some level, as were fees.",
"sig": "f30f01b5713fd36800fdc5c77efdce554f41705b9df4f45d45c6703d494a714e18c044184cfc6ddbebdedd6e5c417e11b3eb55f0f98b16ab413fa8eda4dd1d44"
}