Fly

Or the US Gov can just lose it the old fashioned way https://www.coindesk.com/policy/2025/02/20/u-s-marshals-service-managing-seized-assets-can-t-say-how-much-crypto-it-holds

All part of the plan to incite a recession (firing tons of govt workers helps) and force Powell to cut rates quickly? Or is that too much tin foil in my hat?

Who has the best lobbyists? I’d wager XRP, SOL, ADA are right up there at the top. Oddly enough, the Bitcoin CEO could not be reached for comment…

“Apples to oranges” doesn’t begin to do it justice.

Imagine you are some other US allied country right now. Not exactly a warm and cozy feeling...

The money layer itself doesn't need to be programmable, and shouldn't be if it will be a sound money. More complexities in the system create flaws that are exploited. Even without base layer flaws it creates attack vectors for smart contracts created by bad actors. Want to do some gee-whiz "DeFi"? Let's just call it what it is and centralize that action making it a bank that accepts the layer 1 token and offers yield. You don't want to create a bank because that comes with regulations and standards? Ahh... now we get to the root of the use case for "crypto." My second point is that stablecoins can be transferred fast/cheap/globally/decentralized/247 with the lightning network as planned by Tether's announcement to do so. This doesn't come with the programmability function that ETH/SOL/etc offer, but I see that as a feature rather than a flaw. https://tether.io/news/tether-brings-usdt-to-bitcoins-lightning-network-ushering-in-a-new-era-of-unstoppable-technology/

No, this isn't r/ETH. Know your audience, read the room. When you start a thread and you post 5 times with no response then maybe that's an indication this isn't the place. We have a thread titled "Cryptocurrencies" which is more appropriate for any such blockchain/ETH discussion. I know you have also posted there and received the same muted response, so again... read the room.

Why do stablecoins need to be programmable? Is this a backdoor to the CBDC tin foil hat paranoia coming true? Additionally, stablecoins only become programmable on a chain that supports smart contract type execution. USDt on the Lightning Network won't have that same level of programmability or control by a centralized entity.

I dont think he's trying to scam anyone, these are all valid exchanges and Uniswap is a legit decentralized exchange. The link appears to be the correct app in the App Store. But man he's really pushing the ETH stuff hard. I don't have any interest in ETH and there doesn't seem to be a lot here who are interested either. Maybe give him a warning to keep it all within the Cryptocurrencies thread.

...MSTR enters the chat... I agree that BTC is the real deal and everyone is trying to profit from it in other ways, but it isn't any different than degenerate r/WSB apes buying 0 DTE on SPY. I see this as the last gasp for shitcoins really though. Retail is largely dropping the memecoins and rotating to BTC and this is the last shot at trying to get some degenerate attention before the full rotation into BTC is complete and the others die off.

https://www.coindesk.com/markets/2025/02/14/abu-dhabi-discloses-usd437m-stake-in-blackrock-spot-bitcoin-etf So it begins

Truly this. Everything else is a waste of time and money.

Agreed, very few will buy it but I wouldn’t be surprised if his ETFs wind up in some sort of SWF and/or BSR

Since Tether discontinued the Omni layer it makes sense they need to have a method of transferring USDt on a bitcoin layer. I'm sure Cantor will be happy to facilitate the financial plumbing behind it. This against the backdrop of withering L1s like ETH and it is clear that BTC is the only one with staying power.

I'm glad to see this. Stablecoins on LN (and/or other BTC L2s) will be the nail in the coffin for shitcoins.