With the L1 for big transactions and LN for micro payments where does Liquid fit? My early reading indicates more centralization risk, am I right?
413 sats \ 1 reply \ @demitasse 28 Feb 2023
it sucks and nobody uses it
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1 sat \ 0 replies \ @TNStacker OP 28 Feb 2023
Thought so!
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20 sats \ 0 replies \ @IHL 28 Feb 2023
Personally, I'm glad it exists. It is so small that it's really irrelevant as a risk. I've never used it and don't plan to but I'm glad we have people experimenting. We can learn through their failures and they might generate some good ideas that end up working on lightning.
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10 sats \ 1 reply \ @erict875 28 Feb 2023
It is predominantly used by exchanges for large scale transactions. It has a better privacy, faster block confirmations, and also supports custom assets.
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0 sats \ 0 replies \ @TNStacker OP 1 Mar 2023
Thanks!
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10 sats \ 0 replies \ @Anonomoto 28 Feb 2023
I only know of L-BTC due to lending via hodlhodl, but beyond that.
I don't really know much else about it.
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0 sats \ 0 replies \ @2bithits 28 Feb 2023
I've used it. I believe it will be used more in the future too.
Just like with lightning, I wouldn't put too much of my stack on there
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0 sats \ 0 replies \ @niftynei 28 Feb 2023
side chain for private bitcoin txs
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0 sats \ 0 replies \ @siggy47 28 Feb 2023
It's bitcoin's appendix. Serves no purpose and you might as well remove it before it causes trouble
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