Boltz - Non-Custodial Bitcoin Bridge on Nostr: Last sentence is the most important one: it's what we have Nothing else will come ...

Last sentence is the most important one: it's what we have

Nothing else will come close to its production readiness anytime soon

quoting
nevent1q…yu5u

Are you prepared for a high chain fee environment?

Liquid has been undervalued for a long time, here are the advantages:
- You forget about incoming liquidity problems.
- Confidential transactions
- Used in the same way as bitcoin, you forget about being "online".
- No known security flaws.
- Possibility of cold storage.

As disadvantages:
- It is federated, even so it is much more secure than an exchange or a lightning custody wallet, and if you use cold storage it is more secure than a hot wallet.
- In terms of scalability it is not a panacea either, it is just that now few people use it and that is why it is viable.

Some blockstream people advocate moving the ordinals to Liquid but if we do that then it will be Liquid who will suffer a high fee environment...and it will be Liquid functionaries who will earn that money in fees.



In short, it pays to know how to use and move in Liquid as well as Lightning to successfully deal with a high fee environment, but neither is a panacea.

Liquid is simpler to use than Lightning and has fewer bugs, has good privacy for both the receiver and the sender from an outside observer, on the other hand Liquid is federated and is not as scalable as Lightning.

And one of the points why I think Ligthning has had more adoption, is that with lightning you work directly with Bitcoin, it's not a sidechain, with Liquid you work with a token until you do the pegout, it's a sidechain.

That said, you need to use both, right now we don't have anything else.