WE ALL AGREE THE 'STABLECOINS' ON LIGHTNING THESIS MADE NO SENSE NOW RIGHT?
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WHEN DID IT EVER MAKE SENSE?
They should make their own LN, it's not that friggin hard.
Isn't that what strike app does?
Leon …
I got it because the base secret key of it is just the hash of a private key and it uses a musig2 schnorr signature. The rest is not consensus.
THE REST IS NOT CONSENSUS.
Only thing the consensus cares about is the Musig2 schnorr signature is valid.
The rest are just a type of on-chain anchoring for rollups, essentially.
I'll fight anyone who doeen't agree that's the essential, central point about what taproot is. ROLLUPS.
LMF Tap Ass O
It never makes sense.
fuck blockstream. idgaf what other nice people and things they do, that shit is garbage. also liquid = trash.
Compared to bitcoin's volatility. People in poor nations can't rely on bitcoin's price which is why stablecoins are more popular in many of them.
Agreed!
that is a 100% fact. no point.
Yup. No need for a separately issued stablecoin. Just adds more counterparty risk and volatility - the complete antithesis of a stablecoin.