I'm excited announce the first mainnet *multi-hop asset* payment w/ Taproot Asset channels! 🥕⚡️
in this demo, we have a topology of:
Zane -(beefbux)> Yara -(BTC)> Carol -(beefbux)> Dave
Dave makes an invoice to recv beefbux (denominated in BTC!) w/ Yara using her beebux to complete a multi-hop payment using the Bitcoin Backbone of the Lightning Network! 😎
Hong Kong spot #Bitcoin ETFs could be approved as early as next week according to Reuters.
This is not even close to priced in.
Chinese investors were panic-buying a Gold fund at a 30% premium this month as they attempt to get their wealth into something outside the Chinese system.
They know the music has stopped.
And it's time to rush for a seat on the life boat.
Real estate has been the de-facto store of value in China for years.
Similar to the S&P500 in the US.
But that is quickly changing as the Chinese real estate ponzi implodes.
Gold has been a stop-gap solution...
But what happens when the Chinese Communist Party officially sanctions Bitcoin as a store of value with the approval of Hong Kong spot ETFs?
The Battle of Bitcoin - East vs. West - begins in earnest.
And as the global debt bubble gets papered over, the world's wealthy will increasingly turn to Bitcoin to protect their status.
I'll say it again: Be careful giving up your seat on the lifeboat just because of some bear scribbles on a chart.
The game is changing in front of your eyes.
If your Bitcoin L2 has no whitepaper or technical details, only 20 pages of documentation on how to deposit BTC and calculate your future yield, that's not your L2 that's Bitconnect wearing a false moustache.
https://t.co/r5abiOskQ7
If your Bitcoin L2 is backed by an upgradeable ethereum contract controlled by a single company, that's not your L2 that's a rugpull waiting to happen.
DeFi will have to fight back against baseless enforcement actions even with a crystal clear court ruling against the SEC.
Now is the time to contact your representatives.
Find your Senators and Members of Congress at https://t.co/DPywzHEPQi and use the tooling to email and call.
Your voices must be heard.