A federation of 60+ (& growing) people & organizations. And since they can't see how the money moves, & they can't change the supply, & they would all have to collude to kill the very infrastructure they benefit from, I certainly don't see why it's not a completely valid way to help solve the scaling problem. There are some tradeoffs, but it's far more secure than any shitcoin & it actually contributes to LN privacy. Fediment is basically just a small scale version of a similar thing.

Monero-like is a stretch. Liquid only hides amounts (confidential transactions). It doesn't obfuscate sender, IP, or hide reciever (doesn't have ring sigs, dandelion++, or stealth addresses) "A sent $[?] to B" VS "6% chance A sent $[?] to [?]" Virtually no one uses liquid either (market says na) But even worse than all that it is permissioned to peg out and not trustless. Why do maxis contort themselves to support this shit? Like the apologia for WoS? I don't get it. Any shitcoin that had these properties without the "Bitcoin" in name-only brand would immediately be denounced.