Cyph3rp9nk on Nostr: Why do I say that Liquid is an algorithmic bank? Because its rules are written in ...

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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Given the events, the best thing would have been to keep Bitcoin without SegWit or Taproot and reduce the block size to 300KB.

Scalability would be achieved with algorithmic banks such as Liquid.