0 sats \ 0 replies \ @liquid 10 Nov 2023 \ on: Setting up Blockstream jade wallet bitcoin
Best to ask in their TG chat (https://t.me/blockstream_jade) or maybe the Blockstream subreddit.
Best to ask in their TG chat (https://t.me/blockstream_jade) or maybe the Blockstream subreddit.
thanks for your question, this is a good, thorough tutorial -- if any other questions just ask here and we are more than happy to clarify.
Like every L2, it depends on your use case, eg when mainchain fees were high in May, many used Liquid to stack sats for 99% fee savings and to hodl in the short to mid-term. Once fees were sufficiently low again, you could peg back into mainchain and hodl long-term.
Same with Lightning channel rebalancing via submarine swaps from Lightning to Liquid. Boltz integrated Liquid for its users for this very reason (cheap fees, highly compatible with Bitcoin, etc.) and it's been quite in demand.
If you run your own Elements (Liquid) node, you can do coin control via elementsd, if you post your question on https://community.liquid.net/home, one of the devs can reach out with the right commands for you.
GENESIS