toxicbitcoiner on Nostr: NunyaBidness Your initial point on not worrying about things outside your control is ...
NunyaBidness (npub1vwy…zugd) Your initial point on not worrying about things outside your control is well taken and good advice for all.
The issue here is:
1. Are all LN routing nodes now all automatically opted into transmitting USDT?
a) If so, then they are at risk of being classified as money transmitters, which need a license. The likelihood of that risk could be low, but…
2. If 1 is true, is it possible for an LN routing node to opt out of routing USDT?
3. If you’re automatically opted in and aren’t able to opt out, then that goes against a core ethos of Bitcoin, consent.
4. What’s to stop someone from issuing other securities, shitcoins, etc on LN? Would you be forced to route those as well against your consent?
If you can opt out of routing USDT and other taproot assets, then all of that is moot.
The issue here is:
1. Are all LN routing nodes now all automatically opted into transmitting USDT?
a) If so, then they are at risk of being classified as money transmitters, which need a license. The likelihood of that risk could be low, but…
2. If 1 is true, is it possible for an LN routing node to opt out of routing USDT?
3. If you’re automatically opted in and aren’t able to opt out, then that goes against a core ethos of Bitcoin, consent.
4. What’s to stop someone from issuing other securities, shitcoins, etc on LN? Would you be forced to route those as well against your consent?
If you can opt out of routing USDT and other taproot assets, then all of that is moot.
quoting note1x95…5y4eStablecorn
Episode 1029 of Bitcoin And . . . is LIVE!
Topics for today:
- Tether On Bitcoin and LN
- MSTR's STRK Stock Offering 2X Oversubscribed
- Pump.Fun Hit With Class Action
- Texas Makes SBR a Priority
- Arkansas Says NO to Mining Ban
#Bitcoin #BitcoinAnd
https://fountain.fm/episode/ufEzRpJRchXXSxZRQOVi