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Update docs/liquid/liquid-part3.md

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b0xxer 2024-02-04 08:10:45 -06:00
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@ -132,6 +132,8 @@ What if you have no desire to create tokens, securities, etc...can you still mak
Yes, probably one of the best ways to do that is to use it as a *staging area* for opening Lightning channels. In fact, both Blockstream Green and the newly announced (more user friendly) AQUA both do that under-the-hood. They are using services like Boltz, which allows you to open Lightning Channels with L-BTC.
(NOTE: [BTCSessions did a great video/review](https://www.youtube.com/watch?v=5kNMJd-Ts2c) of how to use Liquid as a way to very cheaply onboard from fiat as cheap as possible. Summary is Fiat -> CEX -> BTC -> Liquid -> Boltz -> LN. Obviously if your CEX has a LN withdrawal option you don't need all these steps!)
### Comparing eCash / Lightning / Liquid / BTC
|| eCash | Lightning | Liquid | BTC |
|-| ------| -------- | -------- | ---- |
@ -146,17 +148,17 @@ Yes, probably one of the best ways to do that is to use it as a *staging area* f
|Federation: | Must vet each Mint | You choose channel partner | Known federation members | Sovereign |
| Frac Reserve Possible: | Yes | No | Verifiable Issues | No |
| Custody Options | eCash wallet | Single Sig / Hot Wallet | Single Sig / Multi Sig / Hot Wallet / Cold Wallet / Hardware Wallet | Single Sig / Multi Sig / Hot Wallet / Cold Wallet / Hardware Wallet |
|Likely Threat:| Debasement or Mint rug | Theft of funds while offline | Federation censorship | Losing keys / non-spendable UTXO for fees
|Likely Threat:| Debasement or Mint rug | Loss of funds while offline | Federation censorship | Losing keys / non-spendable UTXO for fees
|Maturity: | 2023-2024 | 2018 | 2018 | 2009
## Building Your Own Federation
## Pegging Out
## Building Your Own Federation
# Final Discussion and Ideas
foot
[^1]: BlockStream Green, AQUA, Anser (web wallet), Specter, Marina (web wallet)
[^2]: Atomic Swaps allow parties to exchange different tokens directly without the need for a 3rd party, eliminating most of the risk of fraud and counterparty default.In fact, Blockstream has a tool to simplify using it.
[^3]: Please `git clone` the repo and don't rely on the pre-compiled downloads in repo (they are out of date from source)