That's why I think that liquid is shitcoin (central control).
The case of Liquid would be closer to the coming Fedimint since it is federated. It still requires some level of trust in exchange for some additional features, but at least on Fedimint you would be able to know who can rug yoy.
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IMO Federation gave a false sense of safety. Something like government take care of your money better than you...
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