i dont really understand how taproot assets work, i wonder if Tether will be able to "prove" to the US regulators that the coins on the lightning network are compliant with standards/AML stuff.
If taproot assets have similar privacy to lightning, i don't see how that can be the case.
Wouldnt be shocked if "regulatory clarity" and pressure from the feds would make them stop.
Great question. I don't know why it's a thing. I also don't know why LND decided to pursue taproot assets on lightning over something like BOLT 12. 🤷‍♂️
shitcoins a callin'
BOLT12 is all lightning needs from a user perspective. That's why they'll never do it lol
Perhaps it's time for people and projects to jump ship from LND... Any recommendations?
Because that’s where the payday is.
Seems like that's the truth. Now why hasn't Primal, for example, not supported BOLT 12 offers? Or am I blind?
It’s not Primal that’s in control of that. Their wallet is built on Strike. Until they implement it, and other wallets and nodes also support it, it won’t happen.
Ah, there's the bottleneck.
It’s not Strike’s fault per se. LND, the most common implementations for Lightning nodes doesn’t support it either.
“Can devs do something?!”
I've known about Core Lightning's implementation of bolt 12 and some of the other ones. I just wish LND would get on with it and implement it. Same with Strike. It's on the wallets and node implementations to do it and that's the bottleneck. Well, technically the bottleneck is time, hard work, or both.
there is no way an asset on top of btc would have the same privacy as lightning. if were talking tether, they can turn off any asset running on top of any chain, at any time. tether holds the keys to any asset on their spreadsheet.
i dont think its much different than an asset like tether running on top of tron or eth in that sense.
Yeah I understand how they work with other blockchains, but lightning isnt a chain and in order to turn off a persons coin, they would need to know where it ended up. Do they end up freezing a channel balance? a portion of it? what about the nodes that helped facilitate the txn?
If they do have less privacy then lightning then im even more interested in how it works from a technical perspective. I need to look into it.
Just wondering out loud. Still never using it. If there are no consequences though, and routing the payments stacks sats ... might still do that
ya i guess the devil will be in the details. maybe to use usdt on lightning it has to be through a channel with tether 🤷‍♂️
