Great Rabbit Hole Recap. @ODELL one thing I am really curious about - while USDT on LN may not be ideal for everyday payments, wouldn’t it be a huge breakthrough for Bitcoin-backed loans?
If Tether on LN + DLCs can be combined, could we finally see Bitcoin-backed lending without trusted third parties? It seems like the biggest missing piece to making such lending both trustless and more accessible.
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MAYBE A USE CASE THERE BUT WOULD STILL HAVE MULTIPLE TRUSTED THIRD PARTIES INVOLVED.