TIL

I CAN'T SEE HOW A SIDECHAIN, WITH A ONE MINUTE BLOCK, WILL SOLVE THE FEE ISSUE. SURELY, IF IT WAS ADOPTED, THE SAME ISSUES WOULD ARRIVE?

Need an update Rip with mallers and back

Maybe there are other incentives?

do you have any recommended sources about that topic?

What is the incentive for federation members to participate then?

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Trade Offs El Salvador Is More Of A Blockstream and Bitfinex Country All The Bitcoin Backed Bonds And Securities Will Be Traded Over The Liquid Network Think About It🤔

Liquid is not a proper sidechain. True 2-way peg sidechains are not possible without a softfork. Their own website says this. Neither Liquid nor Fedimint can scale Bitcoin or give us decentralized self-custody and privacy. #Bitcoin has to change, and the government does not want that to happen.

Considering that no one uses liquid...not surprised anyone has looked into it. Explains why no merchants give a shit about adopting it either. Thanks for digging 🤙

I asked Adam about the logic for it last year, he told me the fees go to pay for rotating the federation’s onchain utxos, to refresh the timelocks if they dont get regularly rotated, eventually the onchain funds can be spent by a smaller emergency keys multisig it’s a normal cost for any multi...

Adam Back was cited in the White paper. Federations are a way to donate your bitcoin to an organization, Not to keep it for yourself. Federated tokens are shitcoins too.

Seems like Blockstream may be a sleeping megacorp

TIL

https://blog.liquid.net/the-truth-about-liquid/

In their FAQs https://image.nostr.build/40a5a464cfcc382bfa0ad4f1c107b85042e4346d3d57965d4e79c6a232f5716a.jpg

the neat thing is that you don't pay but have to trust FEDERATION.

HOLY SHIT!! I didn’t know that. That’s fucked up. Should change that. Now I’m irritated.

Their ultimate goal. nostr:note1kpffp3xr48szuh7jventmfwac789menesecat49et4pyq8ph8wvqklrjad

#Monero https://image.nostr.build/47f67a6c24fb7bbfbff95cbaa3a8b98549b57b9670c43b6a097ed3626e3fb0f3.jpg#m=image%2Fjpeg&dim=1200x675&blurhash=iVH2%24OyZOSxHnNXRWZs9ox4p%25Fe%40oyWBV%40t6bcV%40x%5DMy%24yR%3ARjofj%3FV%40bHWBWBayt6WZt6V%40WUofV%5Bj%3DR%2Baet6WEaxj%5Day&x=0a9e3c52ffd0ac930588603b34393c35...

Using #SideSwap (sideswap.io) as an example, they charge a 0.1% fee to peg in from & peg out to the main chain. They provide a swap market for things like liquid tether, and along with this an instant swap service where they take the other side for ~0.75% spread. These fees likely provide proper inc...

1. Business is not evil. And the tradeoffs for this network are tweaked and different than the base layer by design. No one has to use it. 2. I see a lot of black and white thinking in these comments which will lead us in circles. We HAVE to choose which compromises we are willing to use on v...

hmm noted - Burned 7.50667257 L-BTC % is really small - compare that abrupt LND channel closing FEE on mainnet - its insignificant amt

LND has only ~5000 BTC locked observe some dummies in the thread unware that 50000BTC LOCKED in EVM chains WRAPPED BTC ERC20 BEP20 AVAX20 PLG20 those are real BTC LOCK NOBODY TALK ABOUT THAT in NOSTR why ?