The BTC bridged to the #LiquidNetwork has hit another all-time high, surpassing 4,000 BTC in the last few days, and is fast approaching the current Lightning capacity of approximately 4,900 BTC. #Bitcoin's second layers are growing and hyperbitcoinization is nigh!
@Liquid_BTC Liquid is not a Layer. It's a federated side-chain. I'd rather see Bitcoin burn to the ground than accept that this is 'the solution' for scaling.
@Ctrlbreak @Liquid_BTC Federations are L2s too but will only be one of many solutions. x.com/sadbitcoinlds/…
@Ctrlbreak @Liquid_BTC Federations are L2s too but will only be one of many solutions. x.com/sadbitcoinlds/…
@Ctrlbreak @Liquid_BTC it's a trade-off uses it if you want, or don't if you don't. it's good for it's purpose: lower risk than exchange custody based trading. (eg see @side_swap trustless trades direct from @BlockstreamJade HWW). and also it's probably colder security than Lightning in practice.
@Ctrlbreak @Liquid_BTC It's still a layer, just not a non-custodial one. Exchanges and ETFs are layers too.
@Ctrlbreak @Liquid_BTC What's your thoughts on @Truthcoin's side chain tech? I think it's the way forward. @LayerTwoLabs