USDT to Launch on Bitcoin's LN (Taproot assets)

[Wind_FURY]

windfury, your mentor has taught you many lies..
i dont defend bitcoin cash. you have been listening to an idiot who has made YOU become one

 

LIES.

EVERYONE would merely look at your negative trust-rating, and EVERYONE would see that TWO of the most trusted people in BitcoinTalk, who are both Core Developers at that, are calling you a lying FUDster.

Plus they are not my "mentors" ser. There's network consensus behind them, the Core Developers. It's your Lord Roger Ver who has made "Flat-Earthers of Bitcoin" out of you, while he himself HODLs Bitcoin.

[franky1]

gmax put negative rating due to me calling out how their edits to bitcoin code allowed junk data to be appended to the end of a tx.. and look what happened.. years later we have ordinals and taproot scripts which proved me right, proved them wrong... they just didnt like me calling them out on how it would affect bitcoin negatively(they had sponsored deals to keep things going in a certain roadmapped way)

welcome to reality. if you want to deny ordinals exists to continue ass kissing your overlord. do so , just be honest that your a blind sheep follower who doesnt care about anything but promoting crap features that manoeuvre people away from using bitcoin

enjoy your credit-debt system of counterfeit fiat, on a shoddy buggy subnetwork of unsettled value not guaranteed to be owned by the recipient..
no bitcoiner cares about using LN even with new features.. but continue believing that USDT will be LN's saviour.. you will learn soon enough that it wont help

P.S last autumn when devs started talking about adapting a few things to allow stablecoins on LN, the LN stats were:
nodes:18000     channels:48000     capacity: 5250

today now that USDT is being promoted, lets see if there is any gain/growth/adoption
nodes:16800⇓   channels:41000⇓   capacity:5175⇓

seems the gossip of future development didnt keep stats up, and now promoted publicly didnt grow stats to even get back to stats last quarter.. get the hint yet?

you are on a bitcoin forum, buy you are promoting a network thats losing adoption.. a network that is not bitcoin, a network that doesnt even have its own blockchain to secure value transfer, a network that just adopted a crap token that is fake emulating inflationary fiat.... wakey wakey, do you not even see your problem

[Wind_FURY]

gmax put negative rating due to me calling out how their edits to bitcoin code allowed junk data to be appended to the end of a tx..

---Snip---

 

Greg Maxwell and Andrew Chow gave YOU a negative trust-rating because YOU are a disinforming FUDster who has been spreading lies, making up narratives, and gaslighting the people in the forum.

You're merely playing:4D Chess like Craig Wright. You are not to be trusted, and that negative trust-rating from two Core Developers should be seen by newbies before they read your posts.

[franky1]

windfury, again you are just repeating scripts doomad told you.(boring, empty and heard many times before..) but your ignorance of taproot and ordinals being proof of my critique to gmax 2016-2019 is highly transparent

also try to use your own mind and realise YOU are the one supporting the adoption of other networks
realise doomad duped you into being a altnet supporter. wake up and think for yourself, without sounding like your mentor doomad. and stop ass kissing core devs like gods because that makes them YOUR overlords

learn terms like scrutiny, peer review, decentralisation.
learn that we should not be idolising core devs blindly like centralists or kings or lords.. they should not be setting the roadmap corruptly, nor have every discussion point moderated by them to control the path of bitcoin
just look who manages the roadmap, the github votes of priority.. the mods of this forum.. the mod of github.. notice the same names

just take some time independently to think outside the cult box doomad and co put you in

if you are still getting excited that you want people to adopt a counterfeit fiat-esq token on a crappy sub network of a credit-debt system. learn when and were you went wrong and start learning again outside the scripts

good luck

[dkbit98]

My next personal task is to try to understand Liquid. I hope I won't get disappointed as well.

I am not having high hopes from Liquid Network also, since this is federated network, and it has CEO with company Bloxkstream.
Sure it can be useful if you want to swap between Bitcoin and stablecoins without touching shitcoins, but I wouldn't hold any Liquid assets long term.
It's going to be interesting to see if activity on Lightning will increase now with USDT token, and to compare it with L-USDT.

[Wind_FURY]

windfury, again you are just repeating scripts doomad told you

---Snip---

 

"Scripts"? About you? What are you calling "Scripts" about you? You mean the TRUTH?

Did everyone see that? That's Gaslighting 101 from sophisticated trolls such as frankandbeans. Trustworthy people, like Greg Maxwell and Andrew Chow, just teaching people about Bitcoin and these anti-Bitcoin trolls always come in to disrupt the discussion.

But currently, not like 2017 - 2018, they won't mention nor will they shill their Lord Roger Ver's shitcoin called BCash because that would be too obvious.

[God Of Thunder]

what good is tron if people don't use it to transact usdt? Nothing. Same goes for the others.

This makes much more sense. I don't actually know any use case of Tron other than its cheap transaction fees, and that's it. But I have to admit that TRC-20 is the most popular chain for USDT transactions. People use this chain for lower transaction fees. As of now, some other blockchains such as BEP-20, polygon, and some others charge similar fees.

Back to the main topic, I don't think this development will change much. People do not want the hassle of running a lightning node. People do not even use lightning networks that much to transact Bitcoin just because they have to run a lightning node.

[internetional]

It's been almost a year now. Has there been any progress beyond just plans and announcements?
I see several tokens named "USDT" in the asset lists on the Taproot Assets protocol, but I'm pretty sure every single one of them is a fake. However, I seem to recall seeing statements throughout the year claiming that the token had actually been issued.
Does anyone know what the actual situation is?

[OmegaStarScream]

It's been almost a year now. Has there been any progress beyond just plans and announcements?
I see several tokens named "USDT" in the asset lists on the Taproot Assets protocol, but I'm pretty sure every single one of them is a fake. However, I seem to recall seeing statements throughout the year claiming that the token had actually been issued.
Does anyone know what the actual situation is?

Looking at the news tab on google, I really couldn't find anything other than the news from January/February. They also announced the same thing for the RGB protocol back in August, so I can't imagine them dropping both plans.

Maybe they want to launch it with their upcoming wallet[1]?

[1] https://x.com/paoloardoino/status/2002414704753586398

[catnine1]

As you all know, USDT first started in Bitcoin's omni layer, but ended up discontinuing it due to the lack of demand.

Well, here they are now, announcing that they'll start to support Bitcoin again through the lightning network[1][2].

If exchanges jump aboard and start supporting Taproot assets USDT, I think this is just a matter of time until we see other stablecoins or tokens on Bitcoin's blockchain.

[1] https://x.com/lightning/status/1885083485678805424
[2] https://cointelegraph.com/news/tether-usdt-stablecoin-integrates-bitcoin-lightning

no way! usdt coming back to btc via LN? full circle moment lol.
if exchanges get on board, it's game over for the other chains. why use anything else when you can have stablecoins and tokens on the mothership? the flippening starts with utility, and this is a huge piece. bullish af.

[OmegaStarScream]

no way! usdt coming back to btc via LN? full circle moment lol.
if exchanges get on board, it's game over for the other chains. why use anything else when you can have stablecoins and tokens on the mothership? the flippening starts with utility, and this is a huge piece. bullish af.

I'm inclined to think the same thing but I guess it all depends on the adoption of it. If it's going to to take as long as it took exchanges and wallets to adopt SegWit for example, then it's probably never taking off. No one is going to find it interesting unless it's available on their exchange and wallet (OKX, TrustWallet, Exodus, whatever is popular for the average user)... as opposed to have the need to download another wallet like BitMask which happens to only support BTC for example.

[Vvang]

Lightning Network is what many people screams for, something that should have been on Bitcoin itself from the scratch, which is why I feel like not many people even care about the existence of LN on Bitcoin, many don't even use it, I hope that this won't end up like that Omni Network time.

Crypto exchanges can somehow makes the adoption of LN significant, all they have to do is shove it down peoples throat with some good offer or something, but I doubt that will be the case.  This is still a good news let's just hope it becomes successful.

[dkbit98]

Didn't lightning network supporters claimed that Lightning is only used for Bitcoin?
Now all of the sudden they are saying it's good to have stablecoin like USDT on lightning, and you can literally put all kind of token crap there

[ABCbits]

no way! usdt coming back to btc via LN? full circle moment lol.
if exchanges get on board, it's game over for the other chains. why use anything else when you can have stablecoins and tokens on the mothership? the flippening starts with utility, and this is a huge piece. bullish af.

I wish it's true. But we know LN is more complicated to use (even with user-friendly wallet out there), so i wouldn't expect too much if i were you.

Didn't lightning network supporters claimed that Lightning is only used for Bitcoin?

Whoever said that is crazy, since it limit LN usage/feature. Atomic swap on LN is really cool feature.

Now all of the sudden they are saying it's good to have stablecoin like USDT on lightning, and you can literally put all kind of token crap there

FWIW, RGB and Taproot Assets that used for token/NFT on LN already exist since few years ago.

[dkbit98]

Whoever said that is crazy, since it limit LN usage/feature. Atomic swap on LN is really cool feature.

I don't need stupid lightning network to use atomic swaps.

FWIW, RGB and Taproot Assets that used for token/NFT on LN already exist since few years ago.

I don't really care about some of those second layers that nobody uses, but what you say just proves my point.
You can literally put anything on lightning network, it's not so something reserved just for bitcoin.