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Presumably to try and reduce the chance of a mass panic among their users.
by simonw 1mo ago
Presumably to try and reduce the chance of a mass panic among their users.
- mvdtnz 1mo agoWhat do they care if there's a panic? They have "paused the sidechain". No one can act on their panic.
- cool_dude85 1mo agoWasn't this all supposed to be decentralized? How can a foundation choose to unilaterally "pause the sidechain"?
- Kranar 1mo agoBTC Liquid Network is not decentralized and does not purport to be. It's a federated sidechain, that is... it's a blockchain that runs alongside the Bitcoin blockchain (using a two-way peg that lock real BTC on the Bitcoin blockchain and issues an equivalent amount of Liquid BTC on the Liquid sidechain) but blocks can only be added to the Liquid Network sidechain by some of the handpicked members of the federation.
- esseph 1mo ago[flagged]
- thephyber 1mo agoYou are conflating the original BTC network and a lot of the other projects in the cryptocurrency / token / stable currency space. Every time there was a new token that was 80% reminded or was governed by a central company, the original cryptocurrency enthusiasts cried fowl. Most people don't read the fine print, don't read the founding white papers, and don't care about the differences between the protocols and the networks when they should.
- vkou 1mo agoI think it's more that the 'original cryptocurrency enthusiasts' tend to look the other way, because the more of these weird shitcoins/nfts/networks get minted, the more their numbers go up. It's 2026. Show of hands, who here actually uses any of this, and why?
- jeremyjh 1mo ago9 times out of 10 when an exchange or broker is "hacked" its been the operators of the exchange.
- thephyber 1mo agoYou have worded this like a fact, but this is your opinion.
- pingupongu 1mo agoIt's just another psyop to accomplish some job by bitcoiners for bitcoiners.