About Liquid, Cashu and Fedimint.
As you may know I have recommended the use of these solutions to gain privacy, especially Liquid versus the expensive and inefficient coinjoin, but this does not mean that I am not aware of the risks.
My point of view is strictly pragmatic, I use these solutions for my own benefit being aware of the risks.
The example to follow is eMule, which in many ways I have always considered the precursor of Bitcoin. eMule has been around for more than 25 years and has not been able to close down, why?
- Open source
- Distributed
Any layer that is applied to Bitcoin to gain privacy and be able to resist state censorship will have to be.
- Open source
- Distributed
- Its creators must be anonymous.
All centralized and federated solutions will be closed and if their creators are known, they will be jailed unless it is a honeypot. In the same way for decentralized solutions, if their creators are not anonymous, they will also be imprisoned.
You have already seen with Samourai that for the USA there are no jurisdictions, wherever you are from you will be arrested, so both Liquid, as Cashu, as Fedimint are temporary solutions that will end up closed in one way or another.
If you can use them to your benefit then use them, but be aware, I hope that now you understand my defense of Joinmarket against other alternatives and my hope with Joinstr.
Cyph3rp9nk
npub1ln…arrnt
2024-04-26 07:42:48
Author Public Key
npub1lnms53w04qt742qnhxag5d6awy7nz6055flnmjkr6jg39hm86dlq7arrntPublished at
2024-04-26 07:42:48Event JSON
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"pubkey": "fcf70a45cfa817eaa813b9ba8a375d713d3169f4a27f3dcac3d49112df67d37e",
"created_at": 1714110168,
"kind": 1,
"tags": [],
"content": "About Liquid, Cashu and Fedimint.\n\nAs you may know I have recommended the use of these solutions to gain privacy, especially Liquid versus the expensive and inefficient coinjoin, but this does not mean that I am not aware of the risks.\n\nMy point of view is strictly pragmatic, I use these solutions for my own benefit being aware of the risks.\n\nThe example to follow is eMule, which in many ways I have always considered the precursor of Bitcoin. eMule has been around for more than 25 years and has not been able to close down, why?\n\n- Open source\n- Distributed\n\nAny layer that is applied to Bitcoin to gain privacy and be able to resist state censorship will have to be.\n\n- Open source\n- Distributed\n- Its creators must be anonymous.\n\nAll centralized and federated solutions will be closed and if their creators are known, they will be jailed unless it is a honeypot. In the same way for decentralized solutions, if their creators are not anonymous, they will also be imprisoned.\n\nYou have already seen with Samourai that for the USA there are no jurisdictions, wherever you are from you will be arrested, so both Liquid, as Cashu, as Fedimint are temporary solutions that will end up closed in one way or another.\n\nIf you can use them to your benefit then use them, but be aware, I hope that now you understand my defense of Joinmarket against other alternatives and my hope with Joinstr.\n",
"sig": "c1fdf576a95d8502e0b67f665a5f1ea8066e23a333e29851e9012832b14ce73049cfce332ffe7a2e8e584aec67ffa48122edde2740c2aa8b7de1294a393b7ac9"
}