What you asked is, "Is Liquid custodial or not?", it is custodial. But, to me, it is worse than other custodial services and it is just one of shitcoins. Liquid clouds #Bitcoin-ers' eyes. I dare saying it is a #Bitcoin affinity scam.
LN is layer 2, not product of one company. Custodial LN is product. Some people run their own LN nodes. Some people use custodial LN with considering tradeoffs. To me, it is acceptable whether I use or not.
Liquid is different from LN. It is hyper centralized in the first place. It is product of Blockstream. Some people use Liquid with considering tradeoffs. To me, it is not acceptable. Stacking liquid instead of #Bitcoin due to the low fee is equal to stacking paper gold instead of gold due to the interest. It will repeat the history.
Gildong.Hong
npub1yt…rt58k
2023-12-18 13:14:57
in reply to nevent1q…mk3h
Author Public Key
npub1ytwcmu0768dz2axyj9c5dkfaedne2jdwatv0nr9m4utx6xpkv2ksfrt58kPublished at
2023-12-18 13:14:57Event JSON
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"content": "What you asked is, \"Is Liquid custodial or not?\", it is custodial. But, to me, it is worse than other custodial services and it is just one of shitcoins. Liquid clouds #Bitcoin-ers' eyes. I dare saying it is a #Bitcoin affinity scam.\n\nLN is layer 2, not product of one company. Custodial LN is product. Some people run their own LN nodes. Some people use custodial LN with considering tradeoffs. To me, it is acceptable whether I use or not.\n\nLiquid is different from LN. It is hyper centralized in the first place. It is product of Blockstream. Some people use Liquid with considering tradeoffs. To me, it is not acceptable. Stacking liquid instead of #Bitcoin due to the low fee is equal to stacking paper gold instead of gold due to the interest. It will repeat the history.",
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