My interpretation of USDT over lighthing news, correct me if I’m wrong in my logic:
Pros:
- Cheaper fees for USDT transfers. People who rely on USDT benefit.
- More value brought onto the lightning network
- Ultimately more value and liquidity ochain as it’s easier to move on the same blockchain over different ones
- LESS value for the other shitcoin chains. Now that they dont’ facilitate USDT, what’s the point of them?
- Better privacy over wide open chains.
- Off-chain - no need to wait at all if there were any wait times to begin with (I don’t know because I don’t use it).
Cons:
- Has USDT verified reserves? If not, this is a liability
- Potential for increased regulatory scrutiny and targetting
- More attention to lightning network enabled privacy if there is any
Net: probably a good thing - saying it cautiously.
Curious what you think?
Karnage
npub1r0…sq9ac
2025-01-31 08:09:13
Author Public Key
npub1r0rs5q2gk0e3dk3nlc7gnu378ec6cnlenqp8a3cjhyzu6f8k5sgs4sq9acPublished at
2025-01-31 08:09:13Event JSON
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"pubkey": "1bc70a0148b3f316da33fe3c89f23e3e71ac4ff998027ec712b905cd24f6a411",
"created_at": 1738310953,
"kind": 1,
"tags": [],
"content": "My interpretation of USDT over lighthing news, correct me if I’m wrong in my logic: \n\nPros: \n- Cheaper fees for USDT transfers. People who rely on USDT benefit.\n- More value brought onto the lightning network \n- Ultimately more value and liquidity ochain as it’s easier to move on the same blockchain over different ones \n- LESS value for the other shitcoin chains. Now that they dont’ facilitate USDT, what’s the point of them?\n- Better privacy over wide open chains.\n- Off-chain - no need to wait at all if there were any wait times to begin with (I don’t know because I don’t use it). \n\nCons: \n- Has USDT verified reserves? If not, this is a liability\n- Potential for increased regulatory scrutiny and targetting \n- More attention to lightning network enabled privacy if there is any\n\nNet: probably a good thing - saying it cautiously.\n\nCurious what you think?",
"sig": "3f519ccf68fcbf724a0ee7d4a641a6a4e053a1a762f011f15f2422f86d7a77eae8bdacaaf85f173837d7bdbb8be143f9354fb61f2928bbb85f96553440f0f93e"
}