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Meh, this is a weak argument. No offense. If you're worried about traceability, buy via lightning then go on chain after or buy LBTC (can even buy LUSDT) and then convert to BTC after.
Best way to buy and move BTC/ LTC / LBTC/ XMR instantly. I dont have a wallet yet but I want to pay a service that only accepts any of these coins. So where can i get an account and just pay? (Am in the EU)
Liquid wallet supports LBTC and lightning
tldr; Cetus, a decentralized exchange on the Sui blockchain, was reportedly exploited for over $260 million. The attacker converted stolen assets into USDC, bridged $60 million to Ethereum, and purchased 21,938 ETH. The breach caused significant value drops in Sui-based tokens like LBTC, AXOL, and LOFI. Cetus paused its smart contracts and launched an investigation. Binance has offered support to the Sui team. The incident highlights vulnerabilities in blockchain protocols and their impact on token values. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Went full in on sui when it was 0.6-0.8 $. Was also the only pro crypto anti trump guy on x. Sorry that the world is stupid, but I can't complain that much. Sui will still explode because best tech, best team that delivers. Mass adoption is coming there. When the Facebook boomers get on boarded with zklogin, you know where the money goes in. Even most of my btc work there, now LBTC ...
You aren't pegging out without asking the "trust 15 bros" cartel and probably doing KYC and all kinds of nonsense. You are better off trading your LBTC for BTC on a dex of some kind.
No I don’t think it would really be effective. I’d use something like Jam. I don’t think you’d get much anonymity doing it this way because normally you have to do it a couple of times to get true entropy. Plus, it’s needlessly convoluted, and that you have to transfer to Aqua. Then you have to peg your bitcoin in for liquid bitcoin and then peg out. However, you can’t guarantee that they’re not just gonna give you back the same KYC bitcoin that you plugged in when you peg out you’d probably have to wait a couple months. I have no clue if liquid bitcoin associates the LBTC they create with the exact tokens that you pack in or not it was just an interesting exercise. I’ve never thought about it before.
People don’t understand basic mathematics. 10k in any Cryptocurrency, let’s say for example; SHITCOIN = With 10k in SHITCOIN, if it goes up 10% you gain 1k in Profits. Keep the 10k in Digital Assets and take your Profits to Live off of OR: keep Hodling until you reach 20k and Repeat.. once you get your 100k in Digital Assets, every 10% gain is $10,000. You can definitely leverage a great life leveraging Your Assets by Liquidating them into Digital Assets… don’t fall for the Staking & Unstable Tokens. Go for the Stablecoins & Assets with Real Time Utility. This shit is Chess Not Checkers. It ain’t that hard to come up now. Get your Direct Deposit Allocations to 100% BTC and keep your Fiat Value stored in a Stablecoin. SHITCOIN is SHITCOIN but you can still get Wealthy off of BTC if you play it Right. You gotta know when to hold em & when to jump out to stop loss. Bitcoin has over 33 Shard Currencies that are CANNON BTC. Mainly LBTC aka the Lightening Network. Don’t Sleep. 🤫🤫🤫
LBTC is a 1:1 You use Liquid to accumulate BTC to peg out to onchain.
I buy from a guy I know, and buy LBTC instead, then pegout to onchain once I have a certain amount and fees are low.
Could you not just buy BTC on the Liquid Network via Hodl Hodl, it’s peer to peer. Then, after you’ve spent some time building up a stack on Liquid, use SideSwap to peg-out LBTC to BTC. You could also secure your coin on Liquid and Bitcoin with a single Jade HWW.
create a Liquid Wallet using apps like: [https://sideswap.io/](https://sideswap.io/) Then do a peg-in. By sending it to Liquid Blockchain, nobody will be able to trace your bitcoin, because LBTC blockchain is confidential.
Indeed, LBTC (or more precisely L-BTC) is what you can get when you use Liquid from Blockstream which is a completely separate L2 solution built on top of Bitcoin.
Why was it called LBTC on the screen? That is not what lightning is. Just call it BTC. Lightning is a channel, not a ticker.
You are swapping. You aren’t making any profit by doing it. You can only do that if you trade for something that shows the gained value in some way. 1BTC=1LBTC=1Lightning network BTC
No problem. I'm thinking thru it as I go ☺️ I was just thinking it summarize, "it's not a problem for the user until it's a problem for the protocol" I'm seeing the advantages of payment channels from the protocol level. Even though many LN users are using custody wallets, that's not a flaw of protocol as those wallets are not needed for the protocol to work. So what I guess I'm getting at is LN is secure at the protocol level, but difficult to use at user level. Whereas LBTC is less secure(requieres trust) at the protocol level, but is far better at the user level. But since if the protocol level gets fucked then the user does too, it makes sense to prioritize for the protocol level.
To the end user there is not a difference as long as someone is willing to trade with you. LBTC is akin to a bank note for gold, sure you can trade the bank note for goods, services and currencies as long as someone is willing to to trade with you, but if you want the actual gold the bank would have to cooperate with you to return the gold, just like Blockstream is the only one who could return the actual bitcoin that the LBTC is backed by. And if Blockstream stopped redeeming LBTC for bitcoin, no one else would be likely to trade you bitcoin for LBTC either because they would know the peg has been broken
I think they are referring to pegging out from LBTC you would been cooperation from blockstream and friends. Bisq is just allowing you to trade with other users, not actually peg out from the LBTC network. From what I understand
Sideswap.io eliminates needing them to leave. I can convert all of my LBTC to BTC in the next 5 minutes, if I wanted to. :) Not being snarky, just saying it’s very easy to leave LBTC for lightning or main chain BTC.
I agree with the peg, I guess it comes down to the trust of the LBTC validators to keep that peg which is the issue. I am strong opponent of trust, but if most the LN is already trusting custody wallets, I think I like the trade off for LBTC .
Fair enough. I think that really comes down to the centralization aspect. Because if you can have the same level of confirmation as the mainnet, like LN has then it could be sure every LBTC is back by a real BTC
Why is that? LBTC is a Bitcoin L2.
It's not something I've really read up on too much. But Blockstream is the organization behind LBTC, so you can find stuff from them and the founder Adam Back(first to implement proof of work in an electronic cash in 2002)
I understand your frustration. Crypto, as it was originally intended, does render banks moot. However, when someone decides to use coinbase or Binance for their crypto needs, they're forgoing the anonymity and a lot of the cost savings in exchange for speed and convenience. Try converting your assets to a medium like Solana within the Binance or Coinbase ecosystem before selling it. Or, convert to bitcoin and hit a bitcoin ATM or sell on LBTC if you're really concerned about the excessive fees associated with using these platforms.
When I connect my Jade to green the only option is LBTC. It doesn’t mention BTC anywhere. I have zero interest in liquid just want to put my BTC on a new seedphrase different from the ledger one.
Yes! It is so sad that they don't make public their stats. I am sure it would give a better picture, the amount is several times bigger than LBTC for sure
Thank you. What i didn’t seem to grasp is the practical use of LBTC. Why would I buy it?
They don’t charge to transfer from LBTC to BTC?
This sounds super complicated. After watching this I’m sure i’ll never gonna use LBTC ever. lol
Check out sideswap. Runs on Liquid, has swaps between LBTC and USDT or some euro stablecoin, can peg in/out of mainchain bitcoin right in the app.
I’d love to play with LBTC and get a better understanding of how it works. Would anyone mind tipping me some, so I can give it a try?
Oh, damn, was I too late for this? Would have loved to be able to play with LBTC!
Not as far as I know. LBTC are just bitcoins that got send to an adress were they are locked to the Liquid sidechain.
What's the ticker symbol? LBTC, or LIGHT?
fuck /r/bitcoin. censored trash ass subreddit with its cult. it's funny they don't ban people for mentioning shitcoins like LBTC, RSK, STX, but ETH and others? naw, instaban.
Others cryptos are used but not measured like LBTC does with BTC
HodlHodl. Borrow LBTC swap into LUSDT using SideSwap. You just shorted Bitcoin. Swap back into LBTC and pay off loan when it's due.
Why is their stock so low if it's so good and commonly used? LBTC?
So I should invest in LBTC rather BTC?... Also, BTC is proof of work... Concensus is done by mining...
I have a question, what the fuck is LBTC, "Lightning Bitcoin" ? Just a shitcoin?
You clearly haven't used the Lightning network or LBTC before have you. lol rookie.
In theory yes, however it will be fairly obvious if you do this: 10 BTC -> 10 LBTC -> \[CONFIDENTIAL TXN 1 HERE\] -> 8 BTC \[CONFIDENTIAL TXN 1 HERE\] -> 2 BTC It would be better to do: 10 BTC -> 10 LBTC -> \[CONFIDENTIAL TXN 1 HERE\] -> .382 BTC \[CONFIDENTIAL TXN 2 HERE\] -> 2.124 BTC \[CONFIDENTIAL TXN 3 HERE\] -> .617 BTC \[CONFIDENTIAL TXN 4 HERE\] -> 3.172 BTC \[CONFIDENTIAL TXN 5 HERE\] -> .105 BTC \[etc.....etc....\] That is you still need to breakup your output TXNs so it doesn't exactly correlated to your input amount. You would also need to space those transactions out in time....over the course of a few days or better weeks. The result is you will pay much higher onchain fees than you normally would...and your funds will wind up split up among multiple different UTXO's, but thats the only practical way to achieve some layer of plausible deniability.
Just LBTC on liquid requires a 1 to 1 lockup of onchain BTC. Other digital assets can be issued with no connection to BTC.
Look into HodlHodl Lending. It's the safest lending I've ever seen. Also you are able to set your interest rate and other key criteria for the loan. The only downside is it uses Liquid BTC so you have to convert your BTC to LBTC to use the platform
Umm I'm not sure, but this is the first time I've ever used LBTC on this device, so no risk of any of that I don't think?
https://coinmarketcap.com/currencies/lightning-bitcoin/ I`m talking about this coin, Symbol LBTC.