You are viewing a single comment's thread from:
RE: Blockstreams Liquid Bitcoin -- Double Edged Sword?
I guess it depends on if they are using a locking mechanism that really works or not. I imagine it's just a multi-sig key that requires both Blockstream and their customer to sign. AFAIK Bitcoin doesn't have anything more sophisticated than that available.
Well with a proprietary product we may never know how or if they are locked.
Even if it's not open source, we'll likely be able to determine it from the on-chain settlement transactions over time.
It's also funny that Liquid is not entirely Open Source; Adam Back's "can't be evil" statement back when Blockstream was founded was based on the idea that it was all Open Source and permissionless. So by his own logic, Blockstream can now be evil?