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@ede4945

Crypto content Creator

Nigeria Katılım Temmuz 2024
722 Takip Edilen56 Takipçiler
Viktor Ihnatiuk
Viktor Ihnatiuk@VIhnatiuk·
Something I'll be proud to tell my children one day: In 2018, I got credited alongside @VitalikButerin in @storj's Decentralized Cloud Storage paper.
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$BTC $ETH@ede4945·
The more I learn about Utexo, the more I think people are underestimating what they're building. This isn't another chain competing for attention but an execution layer designed to make native USDT payments on Bitcoin practical. Tether backing the project only makes that direction even more interesting and here's why; Today, most USDT moves on networks built for speed and low fees. That works, but it also means relying on systems that make different trade-offs from Bitcoin. If you want Bitcoin's security and settlement assurances, moving stablecoins hasn't always been straightforward. That's the gap Utexo is trying to close. Their approach combines a few pieces that fit together naturally: • Lightning for fast execution • RGB for private asset transfers • Predictable fees instead of bidding for block space every time • Settlement anchored to Bitcoin The goal is to make Bitcoin work better for dollar payments. What's more interesting is who this could serve. Wallets, exchanges, payment providers, fintechs, and even businesses moving large amounts of USDT could all use the same Bitcoin-native infrastructure instead of stitching together multiple systems. That's a much bigger picture than another payment app. Tether leading Utexo's $7.5M seed round was a massive signal. The company behind the world's largest stablecoin doesn't make investments like that every day. To me, it signals real confidence in the idea that Bitcoin can become a stronger foundation for stablecoin settlement. Time will tell how far it goes, but it's a direction worth watching. I'm genuinely excited about what @utexocom is building. With native USDT on Bitcoin becoming easier for developers, businesses, and users, it could open the door to a very different kind of Bitcoin economy. Curious to hear what others think. Does Bitcoin have what it takes to become the preferred settlement layer for stablecoins? #Utexo #Bitcoin #USDT
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Viktor Ihnatiuk
Viktor Ihnatiuk@VIhnatiuk·
I've been a OP_Return builder, and I know that data doesn't belong onchain. Yet, I'm still against BIP-110. I understand @LukeDashjr's perspective: arbitrary data onchain is garbage, and that's a big part of why I moved to build @utexocom on RGB (as client-side validation has minimal onchain impact). But @adam3us and @saylor are right about the remedy. If Bitcoin's value proposition is being a censorship-resistant neutral network, then policing other people's transactions goes against its own nature. Plus, it undermines the very monetary use case the proposal claims to defend. All Bitcoin's transactions are equal, but BIP-110 wants some to be more equal than others. It sets a dangerous precedent. Splitting the chain and spreading liquidity between two forks wouldn't lead to any desirable outcome. Bitcoin's liquidity is deep enough that markets would form for both. But that would just replay the movie we already saw in 2018 during the BSV wars with Craig Wright: opponents threatening to dump prices by selling the other side's tokens. (Interestingly, even after being dead for 8 years, BSV still has enough market cap to keep the zombie coin trading.) @Excellion said it well this week: Bitcoiners should start to see themselves as an Alliance that can survive disagreement. We may share different views on how some things should be done, but in the end we’re all working towards the same goal: making Bitcoin win. Given that <1% of miners support the proposal, the community has already made its choice. The bigger problem is that everyone is arguing about what to keep off Bitcoin, when the bigger story is what's coming onto it. USDT has ~570M users. Bitcoin has ~365M. It’s a clean 1.5x by simply adding one asset. The largest user base in crypto is coming to the motherchain. It's our best shot at making Bitcoin work as what it was created to be: a peer-to-peer electronic cash system. We want people to use Bitcoin, not just hold $BTC. Bitcoiners don't want to spend their sats: they need an asset they're actually happy to spend, with Bitcoin's security guarantees underneath. USDT is coming home, and we won't get another chance like this. Let’s not waste it.
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Utexo
Utexo@utexocom·
100+ partners integrating for USDT on Bitcoin and people still askin ‘wen’. brother, it’s happening WHILE you’re asking
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