SatoRi on Nostr: What would happen to your funds if your fiat bank was raided? I never keep a large ...
What would happen to your funds if your fiat bank was raided?
I never keep a large balance on #liquid, but just enough so that I can swap to #onchain, or #lightning, as I see fit.
I suppose, in my limited understanding, I accept the possibility of a @Blockstream raid as a trade off against possible forced channel closes on lightning. Also, as I understand it, it's much more difficult than just raiding Blockstream, they would have to raid all the other liquid federation companies (like trying to acquire all keys to a geographically dispersed multisig - highly unlikely).
I never keep a large balance on #liquid, but just enough so that I can swap to #onchain, or #lightning, as I see fit.
I suppose, in my limited understanding, I accept the possibility of a @Blockstream raid as a trade off against possible forced channel closes on lightning. Also, as I understand it, it's much more difficult than just raiding Blockstream, they would have to raid all the other liquid federation companies (like trying to acquire all keys to a geographically dispersed multisig - highly unlikely).