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dluvian | 1 days ago (raw) | root | parent | reply | flag 
 I'm surprised by this since you think having 5M sats on Liquid is ok, which is also custodial.

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OceanSlim | 1 days ago (raw) | root | parent | reply | flag 
 Liquid isn't custodial. It self custody on a federated chain. That's way different.
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dluvian | 1 days ago (raw) | root | parent | reply | flag +1 
 Self custody of Bitcoin IOUs. At the end I can still get rugged.
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OceanSlim | 1 days ago (raw) | root | parent | reply | flag +1 
 If you know the trust model of liquid, you know the chances of a liquid rug are near zero. But yes. This is why I advocate for layers of trust. Pocket change -> custodial lightning, a few million sats of liquidity -> liquid, cold storage -> on chain. This is the cheapest way to use Bitcoin in any way you need at any time you need it.