Peter McCormack Searches The Globe For Someone Who Has Used Liquid \ stacker news ~bitcoin

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Peter McCormack Searches The Globe For Someone Who Has Used Liquid www.thebitcoinbugle.com/peter-mccormack-searches-the-globe-for-someone-who-has-used-liquid-in-new-documentary/

2946 sats \ 34 comments \ @thebitcoinbugle 11 Oct 2023 bitcoin

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535 sats \ 1 reply \ @knorozov 11 Oct 2023

I don't know why exactly but I am extremely bullish on Liquid.

30 sats \ 0 replies \ @Bell_curve 4 Apr 2024

Blockstream and Adam Back

496 sats \ 10 replies \ @BlokchainB 11 Oct 2023

I use liquid!!

436 sats \ 7 replies \ @SpaceHodler 11 Oct 2023

I use Liquid too. I use it to lose the KYC trace, as an alternative to coinjoins.

5 sats \ 1 reply \ @TonyGiorgio 12 Oct 2023

Your anon set is dog shit and way worse off than using coinjoins. Your swap in and outs are heavily linked through timing and amount analysis and the peg outs only work by using a centralized custodian.

10 sats \ 0 replies \ @SpaceHodler 12 Oct 2023

I'm aware of timing and amount analysis, it can easily be broken. Peg X amount in, peg Y amount out at later time. The peg outs take seconds, I don't mind entrusting a small amount of corn to a custodian for that long.

1010 sats \ 4 replies \ @Ribbit 12 Oct 2023

Blockstream is legally liable to reveal you activity on their network.

10 sats \ 3 replies \ @SpaceHodler 12 Oct 2023

They can't unblind the amounts without my private keys.

0 sats \ 2 replies \ @Ribbit 12 Oct 2023

How do you know ?

10 sats \ 1 reply \ @SpaceHodler 12 Oct 2023

It's open source and it's not even owned by Blockstream.

0 sats \ 0 replies \ @Ribbit 12 Oct 2023

Liquid is operated by a globally distributed federation of members, including exchanges, financial institutions, and other Bitcoin-focused companies. Members collectively manage the network and guide its development. For more information see Liquid Network Governance.

Every member in that list is AML KYC liable.

Blockstream started and continues to run Liquid,

https://blog.blockstream.com/en-liquid-new-members-and-integrations/

It was only open-sourced recently, and there is no guarantee what is revealed is what is running in the background or what logs and associations are being kept.

Privacy is not one of their selling points.

https://walletscrutiny.com/?platform=allPlatforms&page=0&query-string=green

52 sats \ 1 reply \ @thebitcoinbugle OP 11 Oct 2023

I don't believe you

10 sats \ 0 replies \ @BlokchainB 12 Oct 2023

😂

278 sats \ 3 replies \ @pow 11 Oct 2023

Most times there's hardly any transaction on Liquid network blocks

11 sats \ 1 reply \ @bzzzt 11 Oct 2023

Flatlined 😵

60 sats \ 0 replies \ @nemo 11 Oct 2023

deleted by author

10 sats \ 0 replies \ @pow 11 Oct 2023

Source: https://liquid.network/

130 sats \ 1 reply \ @btcschellingpnt 11 Oct 2023

I use liquid

Like so many other projects orthogonal to bitcoin, it's a tool in your toolbox that you should know how to use in case you have a need at some point. Like everything in life, it comes with a set of trade-offs - understand what those are and then you can make informed choices :-)

0 sats \ 0 replies \ @thebitcoinbugle OP 11 Oct 2023

I don't believe you. Likes like misinformation to me

110 sats \ 1 reply \ @south_korea_ln 12 Oct 2023

McCormack's style of journalism is similar to Piers Morgan in which he pretends to be really stupid to illicit entertaining responses from who he is interviewing. Whatever the issue, he chooses to take a moderate stance that will appeal to the largest audience of Twitter NPC's as possible.

10 sats \ 0 replies \ @SatoshisSkeleton 14 Oct 2023

I notice this too. Lame.

20 sats \ 0 replies \ @BTC_LN 12 Oct 2023

It's good to have Liquid. It's running for a good while, which is great to ensure it is tested well. It will come in handy at one point.

I'm excited for the possibility to run Lightning on Liquid, which could interoperate with Lightning on Bitcoin. It would be less secure but much cheaper Liquid Lightning network for everyday use perhaps. I don't know what future needs will be...