0 sats \ 5 replies \ @kilianbuhn 3 Nov 2022 \ on: Fuji Money AMA bitcoin
Isn't liquid dead🤔 because everybody agreed on lightning ⚡
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63 sats \ 4 replies \ @fuji_money OP 3 Nov 2022
You can deposit and withdraw from the smart contract using Lightning!
All Lightning applications are custodial services anyway that ask you to deposit/withdraw.
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50 sats \ 1 reply \ @kilianbuhn 3 Nov 2022
That sounds pretty cool, I'm a big fan of interoperability, it's a big thing if we need solid infrastructure in the Bitcoin world
But I'm allergic to the words "smart contract" 🤮
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38 sats \ 0 replies \ @fuji_money OP 3 Nov 2022
Fair enough. Smart contracts on Liquid (and eventually on bitcoin) are stateless and are not Turing complete.
Liquid has covenants already which allow very powerful use cases
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0 sats \ 1 reply \ @skiff 4 Nov 2022
That means there is no non-custodial way to get sats from LN to Liquid (not with submarine swaps)?
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0 sats \ 0 replies \ @fuji_money OP 4 Nov 2022
Submarine swaps are non-custodial.
Pegin can be done trustlessly sending to federation multisig, instead for pegout currently you need cooperation with a Liquid Member (there almost 150 of them)
In future pegout could be done trustlessly too, now is a security measure
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