With the current Iran conflict, I can envision Trump removing the USD out of circulation and introducing USDT as general market currency. This will significantly stop terrorism financing and force everyone who wants to have access to money to have a digital ID or a device.
A colleague has been asking me a lot about bitcoin lately and tonight we went out for dinner so I could answer some of his questions. He was insistent that bitcoin would never work for a number of reasons and became increasingly frustrated that I had an answer for everything. He did not want to download any apps or to give any details to anyone. Eventually I was able to convince him to download AlbyGo after assuring him he did not need to sign up for anything. Within 30 seconds he had the app, was connected to my nostr:npub1getal6ykt05fsz5nqu4uld09nfj3y3qxmv8crys4aeut53unfvlqr80nfm Hub and I sent him his first sats.
That’s when I watched his eyes light up.
He was amazed at how easy it was. Shocked that it did not take an hour for the transaction to confirm and that there was not a $10 transaction fee. It completely shattered his belief that it could be stopped because I explained this was open source software running on a node in my closet. It finally became real for him.
I explained the custody trade off to him and have set him up with enough sats that he can buy some inbound liquidity to set up his own lightning node if he does not want me holding his sats.
Pretty awesome how smooth the onboarding experience was.
