goatmeal on Nostr: then when you "have money" on liquid or rootstock, where are the actual bitcoins ...

then when you "have money" on liquid or rootstock, where are the actual bitcoins sitting and who is controlling them? they are in possession of a consortium. if you could force a state transition to pull "your" coins out, the service operator wouldn't really own those coins. without unilateral exit, it's not your money, it's just IOUs, and someone else has the actual money.