Comte de Sats Germain on Nostr: Core devs were hating on whirlpool? Liquid will be huge. People don't use it right ...
Core devs were hating on whirlpool?
Liquid will be huge. People don't use it right now because it's intimidating. Liquid is perfect for trading securities. What Wall Street wants is to trade stocks the way Cryptos trade - but without the Cryptos. No brokerage overhead/infrastructure - just software, secure and auditable, and automatic execution of puts and calls. Currently bitcoin's version of bonds are traded on liquid - trading chunks of future hash, which miners can sell ahead of time the same way farmers sell their crops via futures. So its like, hash futures with a coupon rate. That's the basis of the future credit market and it already exists on liquid. The next step is corporate stock.
So... Liquid is a really really really big deal. Its kinda crazy to me that anyone would criticize it.
Liquid will be huge. People don't use it right now because it's intimidating. Liquid is perfect for trading securities. What Wall Street wants is to trade stocks the way Cryptos trade - but without the Cryptos. No brokerage overhead/infrastructure - just software, secure and auditable, and automatic execution of puts and calls. Currently bitcoin's version of bonds are traded on liquid - trading chunks of future hash, which miners can sell ahead of time the same way farmers sell their crops via futures. So its like, hash futures with a coupon rate. That's the basis of the future credit market and it already exists on liquid. The next step is corporate stock.
So... Liquid is a really really really big deal. Its kinda crazy to me that anyone would criticize it.