Background on Backstabbers sidechain " Liquid "

professor rat pro2rat at
Tue Nov 29 05:31:34 PST 2022

IF you hold BTC because of Bitcoin’s security and trust model, it's very much guaranteed that if you transfer BTC to a sidechain, the security will be less robust, and the trust model will be different. " Btc not crypto "

" . . . sidechains require their own miners. A large pool of diverse miners is an important way most blockchains secure their network. Newer chains must do their best to grow their mining ecosystem, but this can be difficult because newer chains are often less lucrative for miners. Sidechains can make this even worse, because in parent-child sidechains, the child chain typically does not have its own native coin. This acts as a disincentive for miners because their chief source of income is from the issuance of native coins. . . "

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