Oddbean

I’m not against Vc fundraising. I am pro capitalism and competition. The only issue is lightning is the only layer 2 in town that’s classed as on bitcoin. More competition for different layer 2s is better for users and bitcoin price.

Well Liquid requires trusting a federation and it’s not on bitcoin. It’s a separate blockchain with its own functionalities but basically blockstream can steal your bitcoin or give up financial records to the state whenever it’s pushed to. Liquid federators/investors take a cut in fees for transactions. You have no privacy despite its claims for confidential transactions. It’s basically like trusting wallet of satoshi. Too much trust involved. Why I push for drivechain over others is you can have multiple separate blockchains where users trust miners to follow their economic incentives and game theory like on Bitcoin main chain/L1. The transaction fees go to miners instead of federations/investors.