b0xxer/web
1
0
Fork 0
Code Issues Pull Requests Packages Projects Releases Wiki Activity

Update docs/liquid/liquid-part3.md

Browse Source
This commit is contained in:
b0xxer 2024-02-06 06:35:59 -06:00
parent 682d4b1f0a
commit 91b3bf217e
1 changed files with 1 additions and 1 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

2
docs/liquid/liquid-part3.md
View File

@ -237,7 +237,7 @@ In theory, you should now have your own federation on your very own sidechain.
- The group Liquid Members includes some of the most traditionally pro-Bitcoin groups.
- Has there ever been a documented case of censorship in its 6+ year existence?
- Given Confidential Transactions, it seems to be fairly trivial to bypass any censorship attemps. Remember, not even Federation Members can know what is being transacted, nor what is held in any individual address.
* Lastly, let's mention the elephant in the room: *Liquid Derangement Syndrome*. A fair number of complaints against Liquid seem to not based on specific technical or security concerns, but almost seems political in nature. Could this just be hate against Blockstream from other corporate entities? Or is it a fear response, based on the perceived power Blockstream has in the industry? I'm not sure to be honest. There are tradeoffs with any L2, and it seems that Liquid offers a very nice balance of security & features for risk taken on. It is noteworthy that even though Fedimints project is primarily sponsored by Lightning Labs, they are not subject to the same sort of irrational fear-based responses.
* Lastly, let's mention the elephant in the room: *Liquid Derangement Syndrome*. A fair number of complaints against Liquid seem to not based on specific technical or security concerns, but almost seems political in nature. Could this just be hate against Blockstream from other corporate entities? Or is it a fear response, based on the perceived power Blockstream has in the industry? I'm not sure to be honest. There are tradeoffs with any L2, and it seems that Liquid offers a very nice balance of security & features for risk taken on. Liquid is not in competition with Bitcoin nor Lightning - rather it is a complimentary. The correct use of Liquid *helps* users utilize LN in smarter and more manageable ways. The Confidential Transactions, enhances privacy for BTC users in that they can "dip into" the sidechain to achieve increased security without needing to leave the Bitcoin ecosystem.
[^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.