nostr:note1stg0va3llld05pu9g8sxvzssxxkasj3ted22h5pqp02uppgca2lsh7p28q
Discussion
😂🤣
Did the crowd actually cheer for this?
This wins the nostrnet today 👏
I’d push back on that a bit.
The bitcoin network itself doesn’t agree or disagree to this. It’s an open network that people build upon.
People either find it a useful network to transport other things on (eg USDT) or not.
Taproot assets isn’t really “on bitcoin”, though. Hell, to avoid KYCing with swap providers, it’s probably unlikely to remain “on lightning” if it gets popular at all.
Some of that is debatable, since btc/ln is a transaction and settlement mechanism for the tokens. But if it’s not on bitcoin then it also doesn’t really involve bitcoin in the meme.
Right, it never settles to Bitcoin to its hard to say it’s on Bitcoin :).
And, yea, not defending the meme, just noting that it’s really a pretty separate system that’s unlikely to materially impact bitcoin itself.
Do you think it has the potential to impact LN in terms of fees or anything else? If there are more periphery swaps and transfers through the network, it might impact network-wide scale and fees. But only if the interest/scale of USDT over LN is big.
Seems to me they will likely just open private channels with the large liquidity providers. Possibly public though if they want to earn regular routing fees
At scale I’m very skeptical that it keeps using swaps. Why would it? Costs nothing to build your own network built on USDT, hell, you could even allocate liquidity with zero cost, unlike BTC lightning.
If it’s small maybe it’ll drive a bit more volume, if it’s large I’m skeptical. Maybe gets some USDT folks into wallets that can pay a lightning invoice, but I’m not sure that drives much lightning usage either, tbh.
*if* they manage to largely supplant existing tether usage (not sure why they would unless the fees are a ton lower, so maybe, unlikely?) then maybe it drives enough merchants that support receiving payments over LN invoices that it drives the ability to pay with lightning broadly, but that seems quite a ways off and SOL is ETH L2s are way ahead.
First they need someone to build a good consumer wallet, which is at least a few years of work.
Another possible outcome is that this normalizes LSPs doing KYC for swaps and totally fucks the ability of Bitcoin-only LSPs to operate without KYC…
Pushing back is allowed. The meme’s feelings will not be hurt. 😆
In your experience cucks have a voice then is what you're saying.
Cuck lives matter
But in all honesty. As a bitcoiner it’s a weird feeling. Tether announcement at a Bitcoin Conference.
Same weird feeling with ETFs, CrYpTo politicians, ES IMF / legal tender backtrack.
Just weird… guess we shall see where permissionless freedom takes us.
I will not be running a node that routes assets created and backed by banks.
bitcoin is permissionless....
im curious does this affect just LND or also core lightning too until a hard/soft fork of lightning #asknostr
This is what infrastructure inversion looks like.
😂🤣
More proof that autistic maxis are joining some autistic libertarians in the full retard helmet and crayon eating camp.
NOOOOOOOOOOOOOO
You like Strike?
Yea.
How the fuck do you think you can send dollars into BTC right now on strike?
🪖 🖍️ 😡
Standby trying to zap you some USDT
🤣
Bro that’s hilarious.
lol 🤣 A+ meme
Let’s have some commentary. Red, amber or green?
Pimping
hahahaha
It all comes back to Bitcoin
🖇️