<p></p>
<p><a class="user-mention" data-hovercard-type="user" data-hovercard-url="/users/ricardosaurio/hovercard" data-octo-click="hovercard-link-click" data-octo-dimensions="link_type:self" href="https://github.com/ricardosaurio">@ricardosaurio</a> I agree.  Having just read <a href="https://stephanlivera.com/episode/178/" rel="nofollow">https://stephanlivera.com/episode/178/</a> I want to correct a mis-statement from my comment above: liquid is an IOU, it is not bitcoin.</p>
<blockquote>
<p>6102:</p>
<p>Liquid is a complex IOU that you buy with bitcoin. Liquid Bitcoin tokens aka L-BTC are tokens on an a network managed by a consortium thus you have no guarantee that bitcoin you peg into liquid will be available for you to peg out in the future. Effectively you send your bitcoin to a group of companies in the hope that you’ll get it back. As such, L-BTC is not bitcoin, it’s an IOU. The risk is that retail users get on boarded into Liquid, mistakenly think that they own bitcoin and do not take steps to take self custody of bitcoin in the future. The peg-out could be denied</p>
</blockquote>

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