with #ecash, we dont need #usdt or any other solutions on #bitcoin or lightning.
Discussion
This will help divorce USDT from the shitcoins, and add to the strength of the lightning network. It makes lightning more useful and indispensable. As far as I can tell, there aren't any real drawbacks to having tether use the lightning network.
A shitcoin will always be a shitcoin. What do you mean adding strength to the LN? Why is lightning dispensable without usdt?
Regardless of the endgame there's a demand/need for stablecoins for now. That could open the door for stable ecash though and I can see a use case for it. The advantage is that it would remove censorship ability from thether.
I agree but disagree on the fact of wasting any energy building anything outside bitcoin.
I’m pretty lukewarm on the whole Tether thing on Lightning. Lightning is not exclusive to bitcoin, so let them try it out. I am sticking with Bitcoin as my base layer.
hey we live in a free world.
I won't spend my energy on any of that. Let's let the market decide of the value of that 🤷
Aren't we in a keynsian fiat-high-time-preference market? And if we want to create our free market reality, am joining my voice to the ones who do not want to waste productivity energy anywhere else than what matters most. Stablecoins exist because fiat exists. Building around them is just reinforcing the same broken system. Bitcoin is the exit. Why waste energy on anything else?
Agreed. Just that the best I can do is adopt Bitcoin for myself and try to nudge others. I can't (and won't) choose for them. Any epsilon in the direction of Bitcoin is good imho.
ecash can't be censored, just because its on lightning its still USDT which means can be rugged anytime?