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barry 2024-02-05 05:19:44 -06:00
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docs/liquid/liquid-part3.md
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@ -117,7 +117,7 @@ Here are some of the features AMP enables:
By using one of the above concepts, this means AMP can be used in the following use-cases:
* Asset Holder Registry - Since AMP is notified of transfers, so it makes it possible for the Issuer to always know "who has what". Thus, although everything is confidential on the public blockchain (and even among the asset holders), the Issuer can still have visibility into this.
* Share / Ownership Vetting - Because point-in-time moves can be queried, its possible for the Issuer to calculate "how long has User A owned this asset". This enables concepts like "share vetting" (ie. you can only sell your shares after holding for 365 days)
* Share / Ownership Vetting - Because point-in-time moves can be queried, its possible for the Issuer to calculate "how long has User A owned this asset". This enables concepts like "share vetting" (eg. you can only sell your shares after holding for 365 days)
* Paying Dividends - Since you can calculate point-in-time ownership, this makes it possible to use these assets to pay dividends (say for instance your company was to pay .01 BTC in dividends this month, and you calculated that User A held a share for 10 days and User B for 20 days. Thus, you could pay User A .0033 L-BTC and User B .0066 L-BTC)
A full demo of the security features would require their own DeepDive (hint hint). If you would like to read more or see tutorials you can visit [Liquid docs website](https://docs.liquid.net/docs/blockstream-amp-api-tutorial-in-python)
@ -171,7 +171,7 @@ You can see that it is *much cheaper* to use L-BTC. In fact its so cheap that it
|Counter-Party Risk: | 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 |
| TX Value Size: | Tied to LN size, but theorhetically unlimited | Typical is < 25,000,000 sat | Unlimited | Unlimited |
| TX Value Size: | Tied to LN size, but theoretically unlimited | Typical is < 25,000,000 sat | Unlimited | Unlimited |
| Ideal Exposure Time: | days | weeks | months | years (forever) |
|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
@ -189,4 +189,4 @@ You can see that it is *much cheaper* to use L-BTC. In fact its so cheap that 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)
[^4]: You can specify to individual wallets in the swap-tool URL connect string by using the `http://user:password@localhost:7041/wallet/walletname` syntax
[^5]: 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!)
[^6]: Right now fee rate is quite low at 30vb/sat, this figure could easily double or triple!
[^6]: Right now fee rate is quite low at 30vb/sat, this figure could easily double or triple!