Profit isn't a dirty word.
Liquid is just a sidechain, anyone can do the same thing. Having a place for a lot of the institutional trash to trade & do business without taking over the main chain is actually a good thing.
Better & more decentralized sidechains will be built.
Replies (3)
Profit is what drives entrepreneurs to act. I'm not saying it's a bad thing.
Decentralized sidechains which solve the scalability issue of #Bitcoin, fundamentally cannot exist.
Only blockchain that is affordable to be run by ordinary computers and have sufficiently distributed nodes is decentralized network.
As history has taught us, putting a tradeoff on money is unacceptable.
I think decentralized sidechains that solve the scalability problems CAN & will exist... It looks like we may get a trustless two way peg thanks to bitVM. Which means that we can have a nearly endless number of auditable sidechains (with different privacy benefits & tradeoffs) networked via Lightning bridges.
Would fedimints be such a solution ?
