Damus
Matt Corallo profile picture
Matt Corallo
@matt
This is your regular reminder that the Liquid signers are not public. Storing money in Liquid is “trust whoever Blockstream says you should trust but you don’t get to know who they are”.

Fine for money you are happy losing, but even storing your money in Coinbase is way more sane.
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deafboy · 50w
I had no idea, and personally stay the hell away from liquid, but to play the devils advocate, isn't one of the greatest risks of the pow-less blockchains the ability to pressure the verifiers to misbehave? A close second being collusion? Don't get me wrong, this is a pretty crude way to fix those ...
roll_the_dice · 50w
Agree up to "storing your money in Coinbase is way more sane". No idea how a single kyc exchange could be a better option
Papa Figos · 50w
https://blockstream.com/liquid/ https://duckduckgo.com/?q=liquid+federation+adds+member&ia=web
sudocarlos · 50w
Damn, weren't you a cofounder...
nostrich · 50w
Still 11of15? I think I heard there were plans to grow that number. I wonder if secrecy is to try to protect against government/regulatory attacks. Its use in wallets like Aqua & Breez is quite convenient. And extra privacy of blinded payment amounts much appreciated. Main chain bitcoin in and out o...
Taoist Bitcoiner · 50w
Liquid is best considered a pass-thru vehicle, more of a bypass lane than a parking lot. Like Lightning, it's meant for petty cash spending, either by exchanges or LN channel balancing of accounts. Storing value is best done with self-custodied offline key-signers, in large amounts, on an infrequent...
Common Sense · 50w
what’s Blockstream reasoning on this? safeguard the signers?
OceanSlim · 50w
Disagree completely. What's the attack surface for liquid vs coinbase?