The debate around the next change to Bitcoin is focused almost entirely on covenants. Having already implemented numerous covenants, Liquid presents a great learning opportunity in that discussion.
It has been fifteen years since the original Bitcoin white paper was published on the cryptography mailing list. Those fifteen years have been a wild ride of progress and new ideas.
When and if the government cracks down on Bitcoiners and free speech, having a resilient social layer can make all of the difference between thriving and unable to function in society.
Only Bitcoin should be considered cryptocurrency because PoW relies on cryptography and nothing else to secure the network. Reclaiming the name “crypto” is both powerful and important because it speaks volumes that mathematics alone enforces the robustness of the ledger.