Talking about the post based on the summary I got: I don’t see the use of stablecoins on the Lightning Network in a positive light either. The idea that it’s a good way to introduce people to Bitcoin doesn’t convince me. You’re not going to get people to adopt it just through the way we transact — there are fiat systems that already do the same thing for most non-technical users.

PIX in Brazil works just like LN from the end user’s perspective, and all that does is help me explain the system better to new people — not introduce them to Bitcoin itself.

For someone to truly switch from the fiat system to Bitcoin, it goes deeper than that. They need to understand that what they hold in fiat isn’t really theirs, and that it constantly deteriorates in the hands of banks and at the whim of governments. Stablecoins are part of that same game, since they’re backed by fiat reserves.

Someone give me a half baked synopsis 😆

I wish Allen could compress his thoughts a bit.

What a great post. @DarthCoin, do you agree with the use of stable coins as a transition Taproot Asset like the post advocates?

The beginning is good. Probably come back later to this piece

Yes, it might happen, who knows, but yes an e-cache layer 3 with a lightning layer 2 for settlement and then a very rare settling on chain might be possible and fun. It will be even funnier to see how much time normies will take to switch to bitcoin instead of stable coins :-)

The logic is of Bitcoin via LN and stablecoins essentially Trojan Horsing the USD as the dominant monetary system?

Here's an alternative thesis rather less drenched in hopium, and somewhat more acknowledging the role of governments and banks in the wealth of nations.

What if USD hegemony is already in decline, just as its sponsor empire is in decline, close to insolvency, and an alternative global monetary system based upon CBDCs issued by China, Russia, UAE, Thailand, India and Brazil called mBridge is already being developed toward operational capacity?

Trump threatened the BRICS nations with crippling tariffs if they dared to advance their proposals for an alternative to the dollar. It seems at least China and Russia are no longer intimidated into submission by Trumps bluffs. Russia is not ending the war in Ukraine. China is not bowing to the tariffs. US economy without Chinese supply chains is not viable and would collapse before China would.

mBridge creates the international digital payments rails for the BRICS CBDCs and ends USD hegemony. Monetary and military networks have always been in alignment...providing mutual reinforcement of each other in times and war and peace.

What's the best blockchain network for sending and receiving USDT?

can't wait to milk edge nodes' liquidity with the free option