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Home»BITCOIN NEWS»I still don’t like tethers in bitcoin and lightning.
BITCOIN NEWS

I still don’t like tethers in bitcoin and lightning.

By Crypto FlexsFebruary 20, 20254 Mins Read
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I still don’t like tethers in bitcoin and lightning.
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Follow FRANK in X.

Taproot assets have been met with various reactions to Bitcoin and Lightning.

Some people think that it is good for Bitcoin (in fact, based on a small survey conducted in X. Yes, I know that the sample size is not so important. I share it anyway). It’s not so enthusiastic about it.

The tethers (USDT) for Bitcoin and Lightning are as follows.

(Share the reason for your opinion and share the RT after voting.)

-Frank Corva (@Frankcorva) February 13, 2025

“Others” contain me. I am not so enthusiastic about it.

In other words, I tried to be open.

I recently profile Jesse Shrader, co -founder and CEO of Amboss, a company that provides intelligent payment infrastructure for paying USDT for Bitcoin and Lightning. The advantage of being able to deal with Digital US dollars than lightning.

In an interview with SHRADER, he made the following points:

  • The spread of USDT has proved that there is a demand for US dollars worldwide.
  • USDT is a large payment mechanism. In 2024, the company handled more than $ 10 trillion in pay more than the master card, and now some of the payments will be made through lightning.
  • USDT will bring more liquidity to the Lightning Network. This helps the network grows and deals with bigger payments.

From a business point of view, it’s hard to claim that the above is not a good reason to bring USDT to lightning. And as a person who believes that people should be able to use the money they want freely, I can’t argue with them when I see them through practical lenses.

But I think it’s priced to bring USDT to Bitcoin and Lightning.

One dimension of the price is technical and the other is philosophical.

If you run USDT through Bitcoin at a technical level, the security of Bitcoin is in danger.

Another bitcoin hard fork, which is similar to what we saw during the block -size war, and the larger economic nodes of Bitcoin Network operated by Coinbase can manage a lot of Bitcoin supporting the US Spot Cosin ETF. . It supports the “tether fork” of the network, which can include other changes in the network that can endanger the security of Bitcoin in the long run.

In other words, Bitcoin Space’s Coinbase, Tether, and other major players will support “tether fork” and other major economic nodes will be suitable.

Moreover, everyone who uses USDT in bitcoin and lightning will support the side of the fork. Because the USDT remaining in the chain of the “tether fork” will be invalidated.

Lyn Alden wrote about this in her essay “Stable Recon: Blockchain Centralized Dilemma”.

In the work, she said, “The manager can invalidate all the stablecoin values ​​of which side of the fork.”

Of course, Alden mentions smart contract blockchains such as Ethereum and Solana, which relies heavily on Defi, which is a major component when writing this, but will also be applied to Bitcoin. (ALDEN was accurate in this claim, as I saw when Ether Lee switched from the “The Merge” in 2022 to the steak proof consensus mechanism.

Stablecoins publishers after Merge, such as Circle and Tether, did not continue to support the US dollar tokenized in Ether Leeum, and Ethereumpow (ETHW) is an old chain that continues to operate the work consensus algorithm.)

When dividing the chain, the same type of scenario as Bitcoin can provide power for Bitcoin compared to Bitcoin.

Another reason I don’t like USDT in Bitcoin is philosophical.

Due to the big financial crisis of 2007-2009, Bitcoin announced in the world was made as an alternative to the US dollar.

The dollar was printed at the time many (That is, devaluation) to save the same bank that caused a crisis.

Unable to print due to the whims of Bitcoin, the government, or the central bank, it was created to compete with the US dollar and to help the wife.

Bitcoin feels morally wrong for me because the US government brings USDT, a mechanism used to increase US dollar hegemony around the world. I am not here.

Therefore, you will find out why some people in favor of coming to Bitcoin and Lightning at a practical level. I think many people are missing a bigger picture in Bitcoin. Bitcoin was in a potentially vulnerable position and I think that some of the value proposals have been darkened (temporarily temporarily temporarily).

This article is A Take. The expressed opinion is entirely the author’s opinion and does not necessarily reflect the opinions of the BTC INC or Bitcoin magazine.

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