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10 sats \ 0 replies \ @standard_sats 28 May \ on: What's the IMF's real motivation for trying to restrict El Salvador's BTC buys? bitcoin
IMF enables coordinated devaluation of fiat currencies. They need to prevent sovereigns from leaving dollar standard.
It is cyclic. It is embedded.
Since LN provably put many transaction offchain (it is not me who proved it is surprisingly US FED), we have relatively low fees now.
Some new tokenization protocols increased them for a short time which is consequence of them being onchain.
So the pressure is adequate to adoption levels.
High pressure > Tech for scaling > Low pressure > Higher adoption > ...
You think it half way. Fiat channels is just a go-to-market strategy to ease pain of e.g. TRON USDT.
It's all may serve well to the Bitcoin-only economy because it allows for example bitcoin-priced commodity futures contracts. Lending too at least for when fiat currencies still exist.
Definitely. We ran a synthetic stable native to Lightning and have gotten very toxic responses sometimes. But always these were westerners. It is unlikely they have challenges when saving in Bitcoin.
Yes.
Some users could open hosted channels via OBW and because it was relatively robust wallet, it didn't really require much maintenance so people could use it still.