0 sats \ 4 replies \ @Bell_curve 13 Feb \ parent \ on: Aqua Bitcoin wallet. Comparing with other 18 software wallets bitcoin
Liquid is a payment layer like lightning
write
preview
10 sats \ 0 replies \ @chairman_pretense 14 Mar
Without a unilateral exit mechanism, it's hard to call liquid a proper layer 2. Aside from the federation having a multisig address, no liquid users have any on-chain mechanism to return their funds to btc. You always require the permission of someone else for that.
Which isn't to say it's a scam or not useful. But on an honest, technical level it's really no different to a shitcoin. It just has a high level of trust because of who runs the federation
reply
10 sats \ 2 replies \ @GregAsks 14 Feb
Liquid is high quality shitcoin, LN is only 2 layer.
reply
0 sats \ 1 reply \ @Bell_curve 14 Feb
You can peg in and out of bitcoin using liquid
reply
10 sats \ 0 replies \ @GregAsks 14 Feb
You can peg in (true) but you cannot peg out, only the real owner of bitcoin can (blockstream).
reply