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"You don't know that, you have to trust the governance structure is what they say... you may as well the regulator and regulated relationship in classical banking."
But I can run a Liquid node. I have no idea what a fiat bank is doing with my money. They're not comparable.
"Their incentive is to get your Bitcoin, and you're falling for it"
If they have high-time preference, yes.
"You're just making up words to justify this nonsense, it's not a layer, it's not even Bitcoin"
Depends on how you define the word 'layer'. Even a custodial Lightning app can be a 'layer'. Saylor would agree with me here. 'Layer 2' a different story..
"Custodial while still having to manage your own keys, literally the worst of both worlds"
Maybe, but Liquid is minimizing single point of failures in contrast to trusting one single custodian.
Liquid is minimizing single point of failures
Now you've gone too far, dunno how I didn't see it from the OP... just realized you're a new account Blockstream sock
Liquid is minimizing single point of failures
Now you've gone too far, dunno how I didn't see it from the OP... just realized you're a new account Blockstream sock
I don't care about Blockstream no more than I care about other Bitcoin companies.
Lightning and Liquid are currently the most interesting and useful Bitcoin layer networks, and it makes sense to discuss projects building on those networks.
So much irrational blockstream hate
You don't know that, you have to trust the governance structure is what they say... you may as well the regulator and regulated relationship in classical banking.
Their incentive is to get your Bitcoin, and you're falling for it
You're just making up words to justify this nonsense, it's not a layer, it's not even Bitcoin
Custodial while still having to manage your own keys, literally the worst of both worlds
So you're just not holding Bitcoin at all