31 sats \ 1 reply \ @john_doe 18 Jun \ parent \ on: Fedimint vs Liquid bitcoin
Because it is required that two third of them all decide together to freeze our assets. So the risk is diluted. I assume that by "them" you refer to the watchmen who manage the keys for Bitcoin in the multisig.
Personally I would be more worried about assets such as USDt "frozen" than about L-BTC.
Because it is required that two third of them all decide together to freeze our assets. So the risk is diluted. I assume that by "them" you refer to the watchmen who manage the keys for Bitcoin in the multisig.
I think we are talking about different things here. What I was saying is, that if two thirds of the federation members decide to freeze your L-BTC, additional swap services will not help you, because in any case you would not be able to send your frozen L-BTC to the swap service.
Personally I would be more worried about assets such as USDt "frozen" than about L-BTC.
With USDt you mean USD-Tether, right? The threshold to asset freezes is certainly higher for a federation like liquid than for tether, but on the other hand if I look at how fast most companies tend to proactively comply when shit hits the fan, I don't think its so much higher either.
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