From 2da0755c2df2cbb07088b5798e3ad6fafceae6ea Mon Sep 17 00:00:00 2001 From: b0xxer Date: Sun, 4 Feb 2024 08:10:45 -0600 Subject: [PATCH] Update docs/liquid/liquid-part3.md --- docs/liquid/liquid-part3.md | 8 +++++--- 1 file changed, 5 insertions(+), 3 deletions(-) diff --git a/docs/liquid/liquid-part3.md b/docs/liquid/liquid-part3.md index e9107a0..f0a6184 100644 --- a/docs/liquid/liquid-part3.md +++ b/docs/liquid/liquid-part3.md @@ -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)