Global Feed Post Login
Replying to Avatar [ARCHIVED] Jay

Those stablecoins are permissioned by the issuers just like dollars are permissioned by the Fed. And if the issuers of those stablecoins transmit dollars on behalf of their users, they're under the purview of the Fed, who can restrict the usage of those dollars.

The entire point of Bitcoin is not to use fiat, so issuers of dollar stablecoins on Bitcoin are bound to be captured and brought under the Fed's control, just like Tether, which complies with government sanctions despite claiming to be decentralized.

Avatar
Toxic Bitcoiner 1y ago đź’¬ 1

Right. So if your node is routing Taro LN stablecoins…

Reply to this note

Please Login to reply.

Discussion

Avatar
TheGrinder 1y ago

then your node is routing Taro :)

Thread collapsed
Avatar
[ARCHIVED] Jay 1y ago

Your node is can route regular lightning between two users who have Taro channels unrelated to you. You have to be running a Taro channel yourself to be involved in the shitcoinery.

Thread collapsed