10 sats \ 5 replies \ @vindard 1 Jan 2023 \ on: Do you or does anyone you know use the Liquid Network? bitcoin
I use it pretty regularly for onchain spending txns. I peg-in largish chunks every so often and spend out with peg-outs via sideswap.
I wouldn't mind spending from there as well if more folks used it (instead of pegging out). I bought a Jade wallet using it and it was pretty much the same experience as onchain bitcoin.
but why not do onchain spending directly?
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Testing out obfuscating UTXOs. It's currently not the best because there's no crowd to hide in, but it's much better than a fully transparent onchain trail.
I think eventually it'll be really useful as well as folks build gateways to swap out to lightning too (similar to fedimint gateways being built).
I started using it when onchain fees had gone up, as a cheaper spending alternative without having to maintain lightning infra & liquidity.
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I too have a Jade, which is what prompted my interest in potentially interacting with it. Do you have any learning resources for the concepts you've mentioned here?
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Good looking out
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