OK. Argue with me.
-I have added the Liquid app to my ledger.
-Loaded Greenwallet on my desktop.
-Playing around with liquid.
Green wallet is buggy... at least with the Ledger.
This set of tradeoffs, although aimed at exchanges is pretty damn cool for regular users. The fedarated model makes a bitcoin like experience crazy cheap, fast and seamless. It could be a sweetspot for a semi-trusted model. And it has CT built in.. it's not Monero for privacy, but it's headed there.
Whenever I am exploring this, or arguing that PayPal bitcoin is not the end of the world it is because I believe we can have a basket of security tradeoffs.
Since we chose to have small blocks we are going to have to have multiple solutions for cheap transactions. This one is unique and a sleeper in my opinion.
I actually am enjoying holding tether in here... Anyone want to send a dollar back and forth?
Should I go get my own cross? Or are you guys gonna provide one?
-edit- speaking of crosses... Exchanges and custodians as part of the federated model, could allow their users to float in and out of liquid (they actually already are) and they hold the coins while the users dribble small amounts into their wallet that they can then send back and forth with other users for everyday transactions (think groceries).
The reason this is not the end of the world for Bitcoin is NO ONE can stop ANYONE from transacting on the BTC blockchain... but it WILL be expensive.
Pick your poison.
Are you guys gonna sharpen the nails? Or am I? Wait... you might want them dull...hmm.
I've looked pretty deeply into Liquid and it does make a lot of sense. I even contacted Blockstream to play a role on the Satoshi. They were excited about participating but told me they were more of an engineering company providing solutions than anything else.
They are federated currently through a few exchanges but they keep growing the federation and they are working toward decentralized federalization. I do not doubt it happening eventually.
I also checked in on RGB for Lightning and see that they are still updating their Github with code changes daily so it is active.