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436 sats \ 7 replies \ @SpaceHodler 11 Oct 2023 \ parent \ on: Peter McCormack Searches The Globe For Someone Who Has Used Liquid bitcoin
I use Liquid too.
I use it to lose the KYC trace, as an alternative to coinjoins.
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.
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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.
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Blockstream is legally liable to reveal you activity on their network.
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They can't unblind the amounts without my private keys.
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How do you know ?
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It's open source and it's not even owned by Blockstream.
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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,
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.
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