pull down to refresh

164 sats \ 5 replies \ @OT 19 May \ on: Republicans want to tax remittances sent by migrants, visa holders -- 5% "exise" bitcoin
Will this be the trigger that gets migrants sending sats back home instead?
write
preview
148 sats \ 1 reply \ @justin_shocknet 19 May
Chess not checkers...
It'll get them to use stablecoins
Stablecoins that monetize the debt with no interest
Stablecoins that keep international trade moving without the US issuing new debt
Stablecoins that necessitate digital wallets that soften the landing to Bitcoin as the new base money that institutions are accumulating
reply
0 sats \ 0 replies \ @justin_shocknet 19 May
Certified spook on the O-Plan
reply
15 sats \ 2 replies \ @Undisciplined 19 May
I’m sure it will be for some. My understanding is that transactions costs are already higher than that for most remittances, though.
reply
41 sats \ 1 reply \ @OT 19 May
Transactions over lightning?
reply
46 sats \ 0 replies \ @Undisciplined 19 May
I mean the financial channels that are commonly used for remittances have transactions costs that are quite high.
Lightning would already be much cheaper and most people aren't using it.
reply