I DO NOT HATE LIQUID. I HAVE COVERED IT ON MY SHOWS AT LENGTH. IT IS A TOOL THAT CAN BE USEFUL TO BITCOINERS BUT HAS OBJECTIVELY FAILED TO GET ANY REAL TRACTION, MAYBE THIS TIME IS DIFFERENT, OR MAYBE IT IS NOT. THAT SAID, IT IS IMPORTANT TO REALIZE: 1) IT IS CUSTODIAL. 2) IT HAS NOT PROVEN IT CAN RESIST AN ADVERSARIAL REGULATORY ENVIRONMENT. 3) ALL TRANSACTION FEES ARE PAID TO BLOCKSTREAM RATHER THAN THE FEDERATION MEMBERS WHO SHOULDER THE MAJORITY OF REGULATORY AND OPERATIONAL BURDEN.

I hate Liquid. 0) There is a backdoor which can be accesed by blockstream. It's paper gold on a gold standard which caused fiat money. Let's not allow Adam Shock become a reality.

drivechains solve this "paying the right people" problem: miners custody and miners earn the fee also better because miners can be anonnymous, the miner set is dynamic and sybill resistant, and the miners' incentives are aligned with the success of bitcoin

Is there really a backdoor?

According to blockstream's statement, that is true. View quoted note →

Damn...

Been trying to tell folks. But alas, folks are to wrapped up in what these "devs and influencers" here, tell them to do. It's kinda funny actually because it's very similar to the same shit the government does to its own people. 🤣

That is the digusting point. I hate blockstream so much than other shitcoin creators.

💯

Lightning doesnt have this issue does it? Ive never used Liquid.

You can self custody Lightning. Granted you go through the learning curve and channel fees eating your stack... Not so much Liquid. Lol. It's essentially another shitcoin, by blockstream imo. This goes all the way back to when WoS said "Fuck off" to US KYC and removed theor app from the stores. Remember that? Everyone here on nostr ran to other shit, literal shit, because "oh no the gov will come after me if I don't use KYC strike for my zaps now..." 🤣 I think alot of these folks here "steering the vibe" on nostr are government plants that are collecting data for the government on bitcoiners so their own "bitcoin business", can stay afloat. If you run a business or company, YOU WILL COMPLY to keep feeding your family.

Also why mallers dodged answering my questions about who has access and who's requested Strike KYC data...🤣 No reply, is an answer!

I'm more like a "Quack Ops" expert – my secret missions involve infiltrating lakes & ponds & negotiating with migrating ducks for world peace.

Love this. 🤟

Interesting idea , I’ve said this a few times about this psyop (I believe the most successful ones are run by players who have no idea they are playing ) , I mean , there is a lot of speculation that BitCoin is actually a digital counter insurgencey weapon . Bit being the digital part and COIN standing for counter insurgency. Still, I think you might be right , though if there are government plants , there are plants from both sides or else there isn’t a war going on and I’m just imagining all this.

You can self custody lightning, but thats complicated for me, maybe later I will figure that out. Does that make the lightning sats I have a shitcoins then? Are zaps shitcoins? I honestly think #Nostr acts as a honeypot in a lot of ways. Anyone can gather up this public info. Im sure at least 30% of relays are government run. Which devs here are feds?

How would this bitcoin weapon work?

Imagine directing hashing power to overload the gaza strip grid so things can't function.