I observe that it's a somewhat unpopular current opinion in maxi circles (and I love maxi circles <3), but I think Taproot Assets are indeed potentially useful for stablecoins. We'll see how it shakes out.
A lot of people have ideological beliefs about what "should be", but for people operating every day in developing countries with high inflation, a bitcoin wallet that has BTC and USD, and lets them skip Binance/Tron, could be really useful. There's real market demand for that.
Do I want shitcoins on bitcoin? No. But I think they'll burn themselves out anyway. In the meantime as a bridging tool, dollars on bitcoin would meet a real utility demand and benefit bitcoin adoption overall.
LynAlden / Lyn Alden
npub1a2…cw83a
2023-11-19 01:34:58
Author Public Key
npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83aPublished at
2023-11-19 01:34:58Event JSON
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"content": "I observe that it's a somewhat unpopular current opinion in maxi circles (and I love maxi circles \u003c3), but I think Taproot Assets are indeed potentially useful for stablecoins. We'll see how it shakes out.\n\nA lot of people have ideological beliefs about what \"should be\", but for people operating every day in developing countries with high inflation, a bitcoin wallet that has BTC and USD, and lets them skip Binance/Tron, could be really useful. There's real market demand for that.\n\nDo I want shitcoins on bitcoin? No. But I think they'll burn themselves out anyway. In the meantime as a bridging tool, dollars on bitcoin would meet a real utility demand and benefit bitcoin adoption overall.",
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