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SideSwap: The Future of Atomic Swapsblog.liquid.net/sideswap-the-future-of-atomic-swaps/
108 sats \ 4 comments \ @cryptocoin 11 Aug 2022 bitcoin
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25 sats \ 2 replies \ @selfish_gene 11 Aug 2022
а что будет если этот сайт закроется внезапно?
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0 sats \ 1 reply \ @cryptocoin OP 11 Aug 2022
I've relayed your question on their AMA
I presume the response will be that SideSwap is an atomic swap service. So they don't hold any user funds at all. If the site goes away, the next attempt to do a swap using Instant simply fails as there is no site.
Using the app should still work, I presume, but maybe it has a dependency (e.g., price oracle) that would cause the app to not work.
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0 sats \ 0 replies \ @cryptocoin OP 12 Aug 2022
and, there's been an answer!
Our code is open source and your seed can restore your wallet with other wallet providers. Your funds will always be safe as they are in custody with you, and not us.
We answered a similar question in our reddit AMA: > https://www.reddit.com/r/liquidnetwork/comments/wls2ok/sideswap_the_future_of_atomic_swaps_ask_us/?sort=new
#58025
And it appears here is the question on that r/LiquidNetwork post:
Q.) How could the a government sensor SideSwap?
A.) Our code is open source and your seed can restore your wallet with any other wallet provider. Your funds will always be safe if you keep your seed. We're non-custodial.
In terms of SideSwap as a business, we do our utmost to not run afoul of any laws. Our accounts are in order, all filings are done on time, and the services we offer are not prohibited. Should a hypothetical government claiming global jurisdiction come after us with a different view, well, SideSwap may cease to be a going concern.
https://reddit.com/r/liquidnetwork/comments/wls2ok/comment/ijv8fwr https://teddit.net/r/liquidnetwork/comments/wls2ok/comment/ijv8fwr
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0 sats \ 0 replies \ @cryptocoin OP 11 Aug 2022
This article was also shared during an AMA, here on SN:
SideSwap: The Future of Atomic Swaps. Ask us anything! #57645
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