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0 sats \ 1 reply \ @bataroot 10 Jan \ parent \ on: John Carvalho and Liquid bitcoin
I don't consider liquid even a custody tool, more a consolidation layer, a temporary storage option
I really like this analogy. That is exactly the way I mostly use liquid. DCA into it, and then peg-out a consolidated UTXO at one point in the future.
I must say that I also used it to buy a gift card 2 weeks ago because the onchain fees didn't make sense at all for the multiple small onchain UTXOs I had on hand...
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100 sats \ 0 replies \ @TheBTCManual 10 Jan
Its also a good option the other way, having large UTXOs are not great for privacy so spending into a peg in and having a bunch of transactions in liquid is a better option then trying to coinjoin all the damn time.
I think people who poopoo these tools will find out once you start using Bitcoin regularly its not so cut and dry and everyone needs to decide on what trade-off they prefer
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