This new swap exchange option shows how deep is corrupted the whole spectrum. People don't want to be free, they only want to get rich in fiat. FOREVER SLAVES. Seriously now, who the fuck is so insane to give his sats for a scamcoin like tether ?

They haven't realized that the dollar won't have a CBDC because USDT is the CBDC. This is terrible, and on top of that, there's been a full-scale campaign in favor of stablecoins over the last two months. Even my dog is barking at me, saying he's in favor of stablecoins.

The sooner you accept everyone is a fiat maxi, the easier it gets.

Let's remind them how Tether works in reality and what they are cheering for:

when I see news like this, I have this image in my mind

It takes a special kind of stupid not to understand that a stablecoin is just a public private partnership version of a CBDC.

I've always thought that stablecoin-bitcoin atomic swaps would be great for Bitcoin precisely because stablecoins are shitcoins. At some point people will panic out of stablecoins... and I want the exit ramps into bitcoin to be as permissionless as possible. View quoted note →

We didn't turn on you. We are here for you - just like before - or even more Bitcoin-centric now if you wish: I am personally on a mission to bring Lightning to so many more places with this new swap type and we can do a reality check later this year. PS: we are not FIAT rich, nor looking to be. I am sure you read the blog post and realized that this is all happening client-side - we are not touching USDT. The only thing that Boltz swaps and holds on its balance sheet is Bitcoin-denominated. Like 100%. Don't think many other companies can say that. But then we are doing our own thing and not looking to pass any purity tests. So if we fail yours, than this saddens me, but we'll move on ✌️

Do you ever wonder why people use stablecoins? Should people use Bitcoin because they're forced to or because they want to? A few "legit" use cases of USDT come to mind: 1. Some people can simply not handle any volatility. Not because they're "weak" or "dumb", just because they are poor. They have bills to pay and no margin. Those bills might not even be denominated in USD. But any currency has lower volatility against USD than against Bitcoin. 2. Electricity is denominated (or highly tight to) USD. I have some hosted Bitcoin miner in UAE. No hosting accepts Bitcoin. They have tight margins, and Bitcoin volatility can often beat their margins. So now I have to resort to remote custodial exchanges (at least without KYC) to swap Bitcoin through LN and send the hosting USDTs. I don't want USDT. I don't want to hold them or touch them in anyway. But I clearly see why other people would, and I'm happy that there's now a more sovereign way for me to give USDT to whoever wants them, without KYC or cudtody risk. And it goes both ways! It's now easier to swap USDT for Bitcoin. What's next is to keep improving and building the Bitcoin ecosystem, so that people choose to swap in that direction more often than the other. If this is not the case, the problem is not the bridge.

You can't improve and build a system based on bitcoin when you are still bombarded with crapcoins and scams. Let's be clear: tether is scam. Just by offering a solution based on tether, it makes you a scammer. If we continue making it easy for people to use these scams, then bitcoin will never thrive, but slowly will be used only as a new paypal network. THIS IS THE BIG PROBLEM.

Glad you see some light and fight real shitcoins over Monero.