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36 sats \ 3 replies \ @m00ninite 17 Mar \ parent \ on: I'm losing my faith (II) bitcoin
Liquid swaps will dramatically drive down the cost of lightning channel management, and by extension, lightning fees.
No need to put your life savings on liquid, it will just be useful as a bit of infrastructure to keep things balanced.
I wonder how many people here are using custodial lightning? That's far more risky than using Liquid. A lot of people would have to collude to rug everyone.
Besides that, you still have to pay fees to put the money into Liquid and then into Bitcoin again. You could as well put it into Lightning directly...
Yeah, I know you can move a bigger amount into Liquid first, but we don't want to put a lot of money there, right?
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Besides that, you still have to pay fees to put the money into Liquid and then into Bitcoin again.
You sure don't. Why would you swap back into L1 bitcoin? You keep liquid sats in the wallet for cheap submarine swaps to keep your channels balanced. The whole point is that you use L2 liquid to rebalance L2 lightning without paying expensive-ass L1 fees or fucking up your peers' channels with circular rebalances
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I lot of people would have to collude to rug my bank account, but you know... we're not into banking people :)
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