Thanks @blockstream_official for sharing the link to the Blockstream Quarterly Q2-Q3 report.

Was a good read. It was especially interesting to see how far along Jade has come. Jade appears to be one of the better open-source hardware wallets in the market.

I like Liquid. I've used it in the past.

Here are some questions or observations that i was hoping @blockstream_official would be able to answer.

Liquid has about 67 members in its federation comprising of major exchanges, Bitcoin infrastructure companies, digital asset managers, wallet providers and other Bitcoin-focused companies.

Of these 67 members, 15 operate signers that run custom-built hardware security modules (HSMs) and specialized software to produce blocks and manage the pegged bitcoin in an 11-of-15 multi-signature wallet.

• Are these 15 signer members rotated amongst the 67 members?
• What is the rotation period?
• What is the process of selecting these signer members?
• How do you prevent signer members from the same parent company or VC funded bias from colluding together to harm the Liquid federation?
• How are conflicts resolved amongst Liquid federation members?
• Are Liquid federation memberships accepted from US sanctioned countries like Venezuela, Syria, Iran, Cuba and Russia?

In addition to the 11-of-15 multi-signature wallet, the Liquid federation’s wallet implements an Emergency Withdrawal Procedure (EWP) by using a 4,032 block (28 days) timelock after which a 2-of-3 multi-signature wallet is able to spend from federation wallet.

• Which Liquid federation members are part of this 2-of-3 multi-signature wallet?
• What is the process of selecting these members for the 2-of-3 multi-signature wallet?
• Are these members rotated amongst the Liquid federation 67 members?
• How do you prevent members from the 2-of-3 multi-signature wallet from the same parent company or VC funded bias from colluding together to harm the Liquid federation?

Blockstream rebranded C-Lightning to Core Lightning (CLN). This was a good move.

• Are there plans for Blockstream to rebrand Liquid (L-BTC) to remove BTC from the token name to help reduce confusion between Liquid and Lightning?

In addition to the above, Liquid Network has emergency backup keys held solely by Blockstream.

• What prevents Blockstream, or a rogue employee, or pressure from a despot government regime from harming the Liquid federation?
• How do we know for certain that a government does not already have access to a copy these Emergency Backup Keys?

FYI, I’m a fan of Liquid. I acknowledge Bitcoin layer-2 is hard to pull off and tradeoffs must exist. I am simply after some extra transparency on above questions while the network continues to grow, liquidity increases and before the next bull-run arrives. Thank you.

https://imgprxy.stacker.news/nSlaoxMBFRPHKX9T6lYH-AA2QkP97brfqWXQX_3UT68/rs:fit:600:500:0/g:no/aHR0cHM6Ly9ibG9nLmxpcXVpZC5uZXQvY29udGVudC9pbWFnZXMvc2l6ZS93MTAwMC8yMDIyLzEwL2xpcXVpZDEwLjJAM3gucG5n A snapshot of the Liquid ecosystem in 2022.

Blockstream is so awesome -- like, the canonical company doing all the good things in the ecosystem, at so many layers! Would love to see more terrestrial redundancy built out, e.g., mesh network stuff.

I don't really know how they actually make any money, though. Does anybody know? Presumably Back and others in leadership had a shit-ton of btc from the old days that they sold over time at a zillion-fold profit (this is all conjecture, but seems likely). But aside from that, is it just hardware sales? I assume Liquid is not actually generating non-trivial revenue for them.

Is that the right k00b in your forwards?

Zerosync over blockstrean satellite is huge, nice work.

Good luck with this amazing project!

Cool stuff, bought a jade early this year. No complaints. The mining capability and lightning integration stuff is wild

Thanks Blockstream for tagging me :)