Cyph3rp9nk on Nostr: Why didn't Liquid adopt the Monero model? Because then it would be impossible to ...

Why didn't Liquid adopt the Monero model? Because then it would be impossible to guarantee 1LBTC=1BTC.

You are free to create a sidechain with the Monero model and back it with Bitcoin.

I challenge you to do so, and you will discover what hidden inflation is.

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Why do I say that Liquid is an algorithmic bank? Because its rules are written in code, just like Bitcoin, and are safeguarded and protected by a federation.

When you join Liquid, you know the rules, and they are difficult to change because many members of the federation would have to conspire with each other.

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