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.