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0 sats \ 0 replies \ @TheBTCManual 9 Apr 2022 \ on: TARO BIP? bitcoin
I think it's a means to an end, with Taro and other balanced stable coins like via DLC it has to be backed by BTC so while users can transact in what they perceive a their native currency be that Kenyan shillings, USD, South African rands and conduct commerce in a metric that is relative to them, they gobble up and hold bitcoin liquidity and pay lightning fees to nodes to conduct that commerce.
I do understand the point of shitcoiner slope but stablecoins is the "shitcoin" killer app without that market they dead, if we suck their primary liquidty need into bitcoin we can drain their use case
Additionally, it exposes more people to lightning and makes it easier to move between a "fiat" and bitcoin
We won't know if it works unless its tried and I think its worth a shot