RHR 343: THE SECOND AMERICAN REVOLUTION WITH nostr:nprofile1qyv8wumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wsq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgqgzx3h AND nostr:nprofile1qy0hwumn8ghj7cnfw33k76twd4shs6tdv9kxjum5wvhx7mnvd9hx2qg4waehxw309ajkgetw9ehx7um5wghxcctwvsqzq3e0gs8jnmued6f2rp4c6vs07xqvs4vs8zpwt82smcdch4txjvq76kl2yj
https://cdn.satellite.earth/3a8047d012f99341786dc636816a940cc05ffe3cd1463ad385bdfe955a45f4a0.mp4
Great Rabbit Hole Recap. nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx one thing I am really curious about - while USDT on LN may not be ideal for everyday payments, wouldn’t it be a huge breakthrough for Bitcoin-backed loans?
If Tether on LN + DLCs can be combined, could we finally see Bitcoin-backed lending without trusted third parties? It seems like the biggest missing piece to making such lending both trustless and more accessible.
MAYBE A USE CASE THERE BUT WOULD STILL HAVE MULTIPLE TRUSTED THIRD PARTIES INVOLVED.
I think the issue you refer to is still enforcing repayment/liquidation without a trusted oracle, right?
BTC can be locked and USDT issued, but we would need an oracle (or something) to confirm repayment and release BTC trustlessly.
I need to explore this more myself, but maybe federated DLC oracles could help? I do not like overcomplicated solutions - they usually do not get used - but worth looking into, I guess.
