but when tether started mining on Ocean that was all bad

if anyone’s going to have opinions, be consistent

nostr:note1ggvgjrgvqsfhvl023nl8ren9kvvmnqzskqf86xplklaw33tlcd4sfkmpjy

Reply to this note

Please Login to reply.

Discussion

I don't really see tether as good or bad. It's slowing Bitcoin adoption but if it weren't tether it would just be someone else. The demand for dollars is there regardless of who's minting the stablecoin. I figure people will naturally adopt Bitcoin as their savings and use tether for spending until Bitcoin is distributed to a point where everyone has a little, then they'll just transition to using it for spending instead of tether. People that save in BTC will grow their purchase power and the dollar will continue towards zero and that just makes a natural transition as their purchase power of their savings starts to out strip their spending habits.

I do not care about Tether at all

That's about where I'm at.

I trust Jack

What's the attack vector here? Pulling hash power or creating new hash power seems to be good from my perspective. Also, Ocean has the most transparent pay split model on the pooling market. I don't see it. What am I missing?

The post was about people being inconsistent.

Yeah my bad, I thought that WAS the inconsistency. I don't follow Odell that closely.

General sentiment seems to be “this is good”, but general sentiment from the same group about Tether mining with Ocean is “boo”

Pooling pressures are risky

So are custodial wallet holders entangling with stablecoin lenders

That’s my comment at least