50 sats \ 6 replies \ @ZezzebbulTheMysterious 15 Jan \ parent \ on: Aqua Wallet by Jan3 to go Open Source in as Little as a Week bitcoin
No, L-BTC and Lightning, both forms of Bitcoin. Sats are not shitcoins, regardless of their form.
write
preview
22 sats \ 1 reply \ @aljaz 15 Jan
L-BTC is not a form of bitcoin, its pegged to bitcoin but you need permission to peg out. You can't possibly compare it to lightning.
reply
0 sats \ 0 replies \ @GregAsks 15 Jan
True 👍
reply
0 sats \ 1 reply \ @pillar 15 Jan
I would have a hard time being convinced that L-BTC is Bitcoin.
The fact that you can buy and sell Liquid with Bitcoin doesn't make it Bitcoin. By those standards, Ethereum is Bitcoin because you can easily peg in and out of it. Probably more easily than with Liquid.
reply
0 sats \ 0 replies \ @freetx2 15 Jan
By those standards, Ethereum is Bitcoin
No.
L-BTC only comes into existence when it is backed by BTC. There is no independent supply of L-BTC aside from that.
Its fundamentally no different than a fedimint from a practical perspective
reply
0 sats \ 1 reply \ @GregAsks 15 Jan
No thanks for worthless shitcoin i stick with real bitcoin. Cry harder 😂
reply
0 sats \ 0 replies \ @freetx2 15 Jan
Odds are you are a bitcoin larper....and sadly when it comes to Lightning we are all bitcoin larpers.
We pretend to care about the fundamentals of bitcoin, but 99% of us only use it in a permission-ed and custodial way (Alby, Wallet of Satoshi, Phoenix, etc)
AQUA - while not as good a true self-sovereignty - is better than most of the single custodian solutions.
I mean if you think fedimints are a good idea, there is no philosophical differences to L-BTC.
reply