Mike on Nostr: So here are some unknowns. Tether control the coins, while you cannot stop the UTXO, ...
So here are some unknowns.
Tether control the coins, while you cannot stop the UTXO, Tether Inc. can remove the coin inscribed on the ordinal out of circulation.
So you can move a coin that no longer exists around as much as you want, but all Bitcoin Tether wallets would show it has zero value.
Option 2
If Tether control the keys for the UTXO with the original tether inscription, they simply send it back to themselves removing the USDT from circulation.
These are some thoughts I'm having as to possible options for Tether Inc. to maintain censorship of their coins, but I don't know if any of these hypothesis are true.
Tether control the coins, while you cannot stop the UTXO, Tether Inc. can remove the coin inscribed on the ordinal out of circulation.
So you can move a coin that no longer exists around as much as you want, but all Bitcoin Tether wallets would show it has zero value.
Option 2
If Tether control the keys for the UTXO with the original tether inscription, they simply send it back to themselves removing the USDT from circulation.
These are some thoughts I'm having as to possible options for Tether Inc. to maintain censorship of their coins, but I don't know if any of these hypothesis are true.