DeWe / DeWe is on Nostr

Freedom is not for free
Bitcoin & Nostr only
#Bitcoin #ecash #nostr #WhiteNoise

Last Notes

2025-02-01 06:21:13 UTC

I asked DeepSeek
**Can Tether technically censor USDT on lightning?**
**Yes, Tether could technically censor USDT transactions on the Lightning Network**, depending on how they structure the Taproot Asset integration. Here's the breakdown:
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### **How Censorship Could Work**
1. **Centralized Issuer Control**:
- Tether, as the issuer, retains authority over USDT. If they design the Taproot Asset with freeze/blacklist functions (e.g., via multisig controls or whitelisting), they could invalidate transactions from specific addresses.
2. **On-Chain Settlement**:
- Lightning transactions ultimately settle on Bitcoin’s base layer. If Tether flags certain Taproot Asset UTXOs (e.g., linked to "blacklisted" addresses), they could refuse to honor redemptions or freeze funds at the base layer.
3. **Node-Level Censorship**:
- If Tether or compliant nodes (e.g., regulated exchanges) dominate liquidity hubs, they could refuse to route USDT payments to/from sanctioned addresses.
4. **KYC/AML Integration**:
- Tether might require wallets/services using USDT on Lightning to enforce identity checks, creating chokepoints for censorship.
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### **Limitations to Censorship**
1. **Bitcoin’s Decentralized Base Layer**:
- Once USDT is in a non-custodial Lightning wallet, Tether cannot directly seize funds *if* the Taproot Asset design lacks backdoor controls.
2. **Peer-to-Peer Lightning Transactions**:
- Off-chain payments between private channels are harder to monitor/censor unless Tether controls routing nodes or surveillance is mandated.
3. **Permissionless Innovation**:
- Developers could create forks or alternative implementations of Taproot Assets that strip Tether’s control, but this might fracture liquidity.
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### **Key Risks**
- **Trust Assumption**: Using USDT on Bitcoin reintroduces centralization risk, contradicting Bitcoin’s ethos of censorship resistance.
- **Regulatory Capture**: Governments could pressure Tether to surveil/censor transactions, leveraging its centralized design.
---
### **Conclusion**
Tether *can* censor USDT on Lightning **if** they bake centralized controls into the Taproot Asset protocol. This would mirror their ability to freeze ERC-20 USDT on Ethereum. However, Bitcoin’s base layer and permissionless Lightning Network make censorship harder to enforce *if* users hold funds in non-custodial wallets and avoid regulated intermediaries.
For true censorship resistance, Bitcoin itself remains superior. Stablecoins like USDT on Bitcoin inevitably inherit the issuer’s centralized vulnerabilities.

2025-01-11 07:44:46 UTC

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Can't zap you. Only if I go to your profile page and do it directly there.

2024-10-31 13:26:21 UTC

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That's your npub address

2024-10-30 19:06:46 UTC

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Came in for the money first. Learned about #Bitcoin #Nostr and #Cypherpunks and ended up here. https://i.nostr.build/g0C1t8F38hWi5WDz.jpg
"My Cypherpunk Address 2024.
"We stand at a crossroads. The world around us is increasingly shaped by surveillance and control. Governments and corporations collect our data, read our messages, and listen to our conversations. They know everything about us, but we know nothing about them.
But we have a means to fight back. We have #cryptography. We have the power to protect our data, to encrypt our communication. We have the power to reclaim our privacy.
And we have more. We have #Bitcoin, the decentralized currency that allows us to control our finances ourselves. We have the power to conduct our own transactions, without a bank or a state getting in the way.
And we have #Nostr, the decentralized social network that allows us to control our communication ourselves. We have the power to send our own messages, without a company or a state censoring them.
This is the future we want. A future where we control our own data, our own finances, our own communication. A future where we are free to make our own decisions.
https://i.nostr.build/1B4qjSIFRcRz0ZrU.jpg
We are the #Cypherpunks, we are the rebels of the digital world. We will not give up, we will not surrender. We will keep fighting, for our freedom, for our privacy.
So let's march forward, let's demand our rights. Let's reclaim our privacy. Let's control our finances ourselves. Let's control our communication ourselves.
We have the power, we have the technology. We have Bitcoin, we have Nostr. We have the future. Let's use it."
Thx @nprofile…p7e2

2024-10-29 20:43:54 UTC

2024-09-25 07:55:44 UTC

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2024-07-30 06:18:17 UTC

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GM. Bitcoin is love.

2024-07-28 10:22:10 UTC

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My son told me today that he wants to do a PhD in banking. My answer: "Become a comedian. You can go really far as a comedian. I know someone who made it to chancellor in Germany and even to president in the USA.

2024-05-02 17:47:39 UTC

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Podverse Podcast 2.0 V4V only, Rumble, YT.

2023-12-01 05:24:50 UTC

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🤙

2023-06-17 11:47:22 UTC

This weekend I will donate my second million sats via zap to 20 or more people who are advancing nostr. Who should get it? Suggestions welcome.
#nostr #devs #bitcoin #sats #donation #donate
100k to #nostr.build