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I think you are accurate in your understanding of Spark. However, I'm pretty sure that Liquid never made such promises (despite wallets being built on liquid claiming to be self-custodial).

As far as I know, Liquid federation could always stop the chain or prevent your liquid transaction from being moved.

Interesting. I never really looked into Liquid. But again, it reinforces the point that the "self custody" claim is highly technical and what that really means is totally dependent on implementation details.

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