10 sats \ 5 replies \ @netstatic 12 Dec 2023 \ parent \ on: Have Ordinals saved Liquid? bitcoin
It's harder to audit a fedimint federation and the use-case seems more oriented towards simple transfers. I wouldn't say fedimint is 1000x better, it just has different advantages and tradeoffs. I also think covenants and confidential amounts on liquid are pretty distinguishing features.
Fedimint offers better privacy and more programability than liquid
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Yeah the ability to audit is traded for privacy. And programmability in what way? The fedimint modules with server side components run and executed by guardians? I like fedimint for the ability to create and choose federations but there are tradeoffs.
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Yes the modules, rust code is way more expressive and easier than bitcoin script even with covenants
but there are tradeoffs.
the auditability is really the only one
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Is there a way to fix the auditability problem? Or is there anything on the roadmap?
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You can see how much onchain utxos they have, it's just hard to see all the ecash they've issued iiuc
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