Bitcoin didn't need to scale or that Lightning bullshit.
Algorithmic banks like Liquid are more than enough, and if you want to build an L2, do it on top of sidechains.
Bitcoin did one thing and did it very well, and ever since then people have wanted it to do many things, and the developers are such idiots that they'll end up ruining it.
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That. Or make it so powerful it can’t be stopped. One or the other.
Liquid is a Bank of New York Mellon project, convenient for them, not for you.
Like everything else in our lives. Games, home appliances, cars etc. they are keep fixing what ain't broken to be broken just to keep the economy running.
Dev syndrom.
They will continue to develop even if there is nothing to develop.
Can you explain how liquid differs? Just no channel management? I've heard it has its downsides as well, but it's been a while.
Liquid is not Bitcoin, it is not an L2, it is a sidechain, a way to scale or have properties that Bitcoin does not have, as long as you trust the sidechain protocol.
I like to call it a 100% reserve, auditable algorithmic bank.
The main differences are that blocks are confirmed every minute and transaction amounts are hidden.
