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34 sats \ 3 replies \ @DeltaClimbs 21 Mar 2023 \ on: Do you prefer Taro ♦️ or RGB 🎨 as a protocol for stablecoins and NFTs on BTC ? bitcoin
I like things that people actually build on, and so far there is little built on either afaik.
It's looking like RGB may end up being used more for privacy products that are more endogenous to Bitcoin, whereas Taro looks like it may be the dominant product for issuing auditable, transferable (options) contracts on Bitcoin.
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20 sats \ 1 reply \ @DeltaClimbs 21 Mar 2023
Oh, I didn't even notice OP asked about "NFTs" my brain has gotten so good at filtering out shitcoinery nonsense. No, NFTs are irrelevant trash. As to a Taro wallet, the wallet alone is useless -- you need an ecosystem by which you can enforce rule of law.
Here's the trick: stop thinking about Taro "assets" and instead think about CONTRACTS that have UNRESTRICTED TRANSFERABILITY.
People have certain expectations when you talk about owning an asset, but it is readily understood that when you say contract the question of assurance and settlement risk is implicitly introduced.
The only "smart" thing that most contracts can have is unilateral transferability.
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0 sats \ 0 replies \ @snow88488 OP 21 Mar 2023
Yes ecosystem is absolutely needed. Right now there is nothing to interact with.
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0 sats \ 0 replies \ @snow88488 OP 21 Mar 2023
Yes the community around both is pretty sparse. A lot of people talking about them but not too much development.
Also I don’t think the investors are very attracted by Bitcoin NFTs.
Yes RGB definitely looks more private and has more customization options but is also more complicated.
I find that taro is easier to use.
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