As far as I know USDT on Taproot Assets cannot be censored/confiscated like USDT on Ethereum or Tron.
That's the only thing I like about this, it will be a pulse on the regulators and a test for Lightning.
Discussion
Remind me I trust you 🤣🤣🤣
You'll be caught on the first offramp.
It's fine, the more assets the merrier, zero friction to switch them to BTC later.
Besides, stablecoins are useful, no need to be all in all of the time.
Finally, might actually increase lightning usage a lot, because of better privacy vs other USDt solutions (even on liquid) and lower fees.
Honestly I don't see what's not to like. Those who want to use USDt will use it with less friction than before, and for those who don't, well, nothing changed.
Like it or not, the reality of emerging countries need a way to protect themselves from Bitcoin volatility.
This is one option that cannot be censored.
bitcoin volatility = fiat mindset = NGMI
As always, those who do not think like you have a bad mindset.
I don't see it that way, it could be that my reality has gone through times when eating has been more important than saving, but everyone uses and sees Bitcoin according to what they have and can use.
No one, who really knows me, could accuse me of thinking in terms of fiat, I hope that someday we have the possibility to meet and drink a beer and talk about this!
Cheers! 😉 😉 😉
no, they need to protect themselves from their home evenmorefuckedup currencies and they always choose usd(t) shitcoin.
tether means fiat...
Don't get me wrong, I have no respect for that usdt crap, I'm just curious about how it will play out.
I know. How is gonna play out?
We are kinda fucked. This is a nail in the bitcoin coffin.
There will be a massive push for using tether as the "ultimate safe crap" and gullible people will fall for that scam.
Bitcoin will became the new paypal for tether (aka just a transport layer, without power).
The only way to get out of this shit is to make obsolete tether, in other words... education, education, education for the masses that tether is the enemy.
And it is the enemy in fact, is de facto a CBDC.
CBDC 🎯
educating the masses ALWAYS works.........
I don't see what to worry about. If you do not want to use usd/usdt just don't deal with normies. Based customers are happy to pay in bitcoin.
And if you want to deal with normies, well don't blame tether. It is not their fault that normies are bitcoin alergic, and it is your choice to deal with them.
FIAT DELENDA EST
I'm not saying you're wrong, but the reality is that there is a demand for USDT, in fact some altcoins are only widely used because they have a cheap way to transact USDT. Don't you think it's better to have that volume in bitcoin instead?
I think Labs is claiming that they can censor transactions...
Piqued my intereat but haven't looked deeper yet