Nostr Web Client

Just thinking out loud tether is unable to stop or freeze or otherwise censor the tx since they operate on bitcoin and not some shitcoin like ether correct?

mike 11mo ago

Good question.

I knew that was true with Liquid Tether, but primarily because they couldn't identify wallet addresses due to encrypted transactions.

This wouldn't be the case with native Bitcoin Tether.

I wonder if they will be able to lock Bitcoin Tether wallets?

Perhaps not!

However the UTXO would be identifiable and could therefore be flagged as "bad", but that is the same as BTC used in crime, it doesn't stop it being sent peer to peer, but it may stop cash out from an exchange.

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Discussion

2Pac 11mo ago

Interesting but lightning will improve that aspect. And if you can spend USDT easier in the future you have less reason to ever interact with a CEX

mike 11mo ago

Tether Inc. is highly centralised and the company fully co-operates with the FBI and other agencies.

Tether is probably the most monitored and controlled coin of all.

2Pac 11mo ago

Understand but if it operates on bitcoin then theoretically it has the exact same censorship resistance as any onchain tx

mike 11mo ago

That's the question I can't answer at this point in time.

2Pac 11mo ago

Well no on could stop ordinal tx so why would you be able to stop a tether tx if both operate on chain?