Blockstream and BTSE recently co-hosted a meetup in Las Vegas, with the topic of discussion being Liquid sidechain. The event took place on 29 October on the sidelines of the Litecoin Summit, and hosted a panel of speakers that included Blockstreams Samson Mow, Litecoins Charlie Lee, and popular Bitcoin proponent WhalePanda.

The popular Bitcoin sidechain, Liquid Network, was officially released in 2018, and its growing acceptance across organizations like The Rock Trading, BitMEX, and Bitfinex is attributed to the ease and speed of transactions on the network with assured confidentiality.

Liquid Network was in the news recently after Samson Mow addressed its ability to become a fractional reserve, while talking about how one would audit that, whether there were not more L-BTC than Bitcoin itself.

According to Lina Seiche, Global Marketing Director at BTSE, the discussion however, drifted to Bitcoin and the future of financial transactions soon. She tweeted,

Commenting on the trajectory of the current financial system, Samson Mow said,

What we have built up by now is not sustainable, it is broken in many waysbut Bitcoin really does fix a lot of things. Because, without a solid foundation, we cannot really build anything its like a house of cards.

He added,

I think eventually nation-states will have to adopt [Bitcoin]. Yeah, they might be hostile to it, but hostility to Bitcoin is a double edged swordBitcoin allows you to make the transactions that people dont want you to make. Its essentially digital freedom.

Agreeing with WhalePandas suggestion that hyperbitcoinization is the end goal, Charlie Lee said that in his opinion, Bitcoin is the best form of money the world has ever seen. He also asserted that the days of fiat currencies were limited and that they are not likely to last much longer as cryptocurrencies will inevitably replace them.

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Bitcoin is the best form of money ever seen: Litecoins Charlie Lee - AMBCrypto