news The USDT (tether) is combined with various reactions via botcoin and light -linating through various reactions.
Some believe that it is good for bitcoin (most, in fact, on the basis of a small survey I have held on X; Yes, I know that the sample size is not enough to be important. I am sharing it anyway), while others are not so excited about it.
Titu on bitcoin and lightening (USDT) is:
(Please share why in comments and please do RT after voting.)
– Frank Korwa (@Frankcorva) 13 February, 2025
“Others” include – I am not so excited about it.
He said, I have tried to be an open mind.
Even I recently provided a profile of Jesse Shrader, Emboss co-founder and CEO, a company that provides intelligent payment infrastructure for payments made on lightening, which is a USDT on bitcoin and lightening The proponent is, in efforts to see what I can miss. Benefits of being able to transact with digital US dollars above electricity.
In my interview with Shrader, he created the following points:
- The proliferation of USDT has proved that US dollar is demanded globally
- USDT is a massive payment mechanism; It processes more than $ 10 trillion in payment in 2024, more than MasterCard, and some percentage of those payments will now be made on lightening
- UsDT will bring more liquidity to the lightening network, which will help the network grow and handle large payments
From a professional point of view, it is difficult to argue that there are no good reasons for bringing the above USDT into lightening. And, as someone believes that people must be free to use whatever money they need, I cannot argue with them while looking at them through practical lenses.
However, I believe that bringing USDT into bitcoin and lightening comes at one price.
One dimension of that value is technical, while the other is philosophical.
At the technical level, running the USDT on bitcoin and lightening leads to potentially the safety risk of bitcoin.
If we see another bitcoin hard fork that we saw during the blocksage war, then big Economic nodes On bitcoin networks, like a coinbase, which manages a lot of bitcoins, which supports the US spot bitcoin ETF, can choose to support the network’s “Tithi Fork” of the network, in which the network, which network Other changes may also include. In the long run, put the safety of bitcoin in danger.
In other words, if the choicebase, tether and some other major players push for the choice and “Tithi Fork” in space support, other major economic nodes will possibly follow the suit.
What is more, everyone using USDT on bitcoin and lightening will support that side of the fork, because the USDT that lives on a series of non-“Tithi fork” will probably be zero.
Lynn Alden wrote in his essay “Proof-of-STEC and Stabechines: A blockchain centralization dilemma,
In this piece, he said that “Custodians can zero the value of all stabechoin, which they do not see right in favor of the fork.”
Given, Smart Contract blockchain such as Alden Etharium and Solana, who rely very much on Dafi, which is a major component of Stabelin, when he wrote it, but the same would apply to bitcoin. (Alden was correct in the claim, as we saw when the Etherium transferred from a proof-off-work to the proof-of-set unanimous mechanism during 2022.Merge,
Post-Merge, Stabecrims issuer such as circles and Tether continued to return the token US dollar only on the atherium, not atherapo (Ethev), the old series that was running the proof-off-work unanimous algorithm.)
The same type of landscape can play with bitcoin in the position of a chain split, giving the teethra an unqualified amount of power on the bitcoin.
My second reason for not liking USDT on bitcoin is a philosophical.
Bitcoin, which was released in the world Great financial crisis of 2007-2009The US was designed as an alternative to the dollar.
At that time, the dollar was being printed Malevolent (Ie, devaluation) to grant bail to the same banks that caused the crisis.
Bitcoin, money that could not be printed on a government or central bank’s whim, was designed to compete with the US dollar, not to help it.
Bringing the USDT, a mechanism that uses the US government to increase the dialogue of the US dollar worldwide, I feel morally wrong for bitcoin – and I am not here for it.
Therefore, at a practical level, I think some bitcoin and why are in favor of USDT coming in lightting. I think many people are remembering the big picture in the bitcoin, which is probably put in a weak position and is part of its value proposal (although perhaps temporarily) as a result.
This article is one TakeThe opinion expressed is a complete writer and not necessarily reflecting BTC Inc. or Bitcoin magazine.
