PSA: Sidechains like Liquid and LN are NOT part of Bitcoin but parasitical hacks on top that do not contribute to the consensus mechanism. PSA: Sidechains like Liquid and LN are NOT part of Bitcoin but parasitical hacks on top that do not contribute to the consensus mechanism. r/btc Liquid

Only on-chain tx's help to support the distributed ledger which is the aspect of Bitcoin ensuring censorship resistance. Off-chain tx's such Liquid and the LN operate outside of the model invented by Satoshi Nakamoto and as such should be viewed as parasites to the blockchain since they take up on-chain resources while not contributing ...