Lightning was a honeypot to convince people it's safe to use, then get them to use a custodial solution because the user experience sucks so bad.
Now everyone's trapped in a censorable, mandatory ID existence.
Hard to think this wasn't intentional.
#crypto #bitcoin
Well that sucks. Forgive my french.
The fact that many onramps and offramps to crypto have KYC isn't enough, now they want you to identify who your sending Bitcoin to on lightening. This is disappointing. I get this on my centralized exchange, but didn't expect it on Strike or Lightening.
But Strike is just going along to get along with the law.
Oh well...
It's hard to believe cryptocurrency is so hard to understand that people don't flock to Dash.
Bitcoin was a marvelous innovation, but then they refused to innovate, and as a result we have Ethereum and Dash and Litecoin and Bitcoin Cash and 2000 other altcoins.
The many decentralized currencies that work as alternatives all have either some limitations or are just far behind in adoption and mindshare.
We'll fix this soon.
I am looking forward to it.
Won't have to wait much longer, there's a few I'm particularly bullish on (obviously Dash being one of them) that are really coming into their own.
Great! I look forward to reading more about them.
Also see this from the v4v guys
Would it make sense for Hivers, Leos, and Dashers to turn their BTC (and Sats) into SWAP.BTC? I'm just trying to find home grown solutions first; if they don't work out well, then we go elsewhere.
What's SWAP.BTC?
SWAP.BTC is a centralized asset listed on hive engine. It's fully custodial and has since faced major outages in the past making it an unviable option for many users and projects.
Interesting, good to know!
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SWAP.BTC is the Hive Engine equivalent of BTC. If someone sends BTC from a Bitcoin wallet to his/her Hive acct, that BTC is turned into SWAP.BTC. This, and other SWAP.* coins exist to facilitate deposits to & withdrawals from a Hive acct.
Interesting, so sort of like a VSC-style bridge?
It could be that way, but I son't understand what a VSC-style bridge is. For me, I just provided the requested wallet address and executed the transfer to Hive Engine. You may be correct, but I don't understand enough to confirm for you.