10 sats \ 2 replies \ @Line2Wire OP 19 Dec 2023 \ parent \ on: How's Liquid doing in the current landscape? bitcoin
I agree there, and that's what I wanted to say regarding Liquid's 15/16 federated nodes led by corporate entities being the sole backend of the entire Liquid system.
I've been looking into Liquid further these past few days and I'm coming to the conclusion that while it may be necessary for those looking to do various finance-oriented activities (it has a working system for various financial instruments), it is imperative that Lightning (or something that supersedes it in every way) remains alive and well for day-to-day transacting, and that it becomes more necessary than Liquid.
Lightning's most current strength is the fact that it offers both custodial and self-custodial solutions, with increasing accessibility and ease.
But Liquid has designed itself to do things that Bitcoin just cannot on-chain because it wasn't designed to. My preference would still be something like Liquid but with more of a Lightning infrastructure where it's free-for-all to back and run.
But again, the custodial solutions are becoming more and more of an easy target, and in return let down newly onboarded users.
I think we need to shift and make a bigger push for self-custody, with things like Zeus Wallet's embedded LN mobile node.
Yeah, I think we basically agree.
But again, the custodial solutions are becoming more and more of an easy target, and in return let down newly onboarded users.
Yes, and my pessimistic guess is that LN providers like ASYNQ and Breeze are also going to be targets even though they're non-custodial. I wish I'm wrong about it.
Maybe Lightning on Liquid would be a good thing (Juraj Bednar proposed it too). Sort of like real LN but with negligible costs to open and close channels.
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They'll try to enforce regulation anywhere they can.
Big public LSPs will definitely become a target.
However, when most people run their own nodes, or start sharing smaller community nodes, that'll then become very hard, if not impossible to enforce - And I think that's the direction we need to go.
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