64 sats \ 2 replies \ @DarthCoin 23 Mar 2022 \ on: The first Tether / stablecoin transaction in a Lightning channel! bitcoin
stablecoins are just oxymorons... And this in particular is just another way Bitfinex is trying to fool people into "give me your valuable BTC and I will give you these shity tether, hey look are working even on LN!" Only a shitcoiner will do that.
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33 sats \ 1 reply \ @shyfire 23 Mar 2022
I agree. Besides, a major selling point of Bitcoin is an escape hatch from a government's monetary policy. Using fiat on top of BTC negates this benefit and still makes you vulnerable to a government's irresponsible monetary policy. Unless I'm missing something, this really doesn't excite me.
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0 sats \ 0 replies \ @0268486dc4 25 Mar 2022
I think the original purpose of tether was for arbitrage trading. It wouldn't make sense to move bitcoin from one exchange to another if the purpose is to arbitrage bitcoin. This would give a way for arbitrage traders to step out of bitcoin into the dollar for transfer to another exchange.
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