238 sats \ 0 replies \ @Ivanonnostr 17 Dec 2023 \ on: Liquid is not a scaling solution bitcoin
Yea basically Liquid is a temporary stop gap for me. I use it to balance channels cheaper. Yea you make a great point Blockchains do not scale and if Liquid ever got popular it would have the same issue of high fees. What projects are exploring fediments to keep an eye on that you recommend? I like this high fee environment because it brings some urgency and discussions around scaling. Self custody for plebs with low amounts definately need a solution because in high fee environment their utxos can't be moved on chain and their tiny lightning channel has the whole channel locked up for reserve for a channel closing.......
If you want to loop out funds from multiple channels the cheapest method I think is boltz.exchange swap lightning to liquid. Blockstream Green mobile wallet has liquid support. Do 5-10 swaps to liquid depending on how many channels you want to loop out of. Then either hold liquid because you can swap into lightning cheaply as well and use that to balance. Or if you are against holding liquid after doing all the swaps do one swap from liquid to main chain when fees lower.
GENESIS