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16 sats \ 5 replies \ @TheBTCManual 12 May 2022 \ on: Why isn't RGB supported by the community? bitcoin
I don't see the market need for bitcoin to have assets on it, why do other chains have assets, so they can justify their existence, its all used for gambling.
You can mint assets on liquid, softchains and space chains offer it too, omnibolt allows for tether to be run on lightning just like Omni did with the basechain, the funcationality is there, just no one seems to feel the need to use it.
Bitcoin's main focus is scaling, user experience, self custody and expanding decentralsation. I don't see the point on focusing resources to compete with gambling for a fraction of the crypto economy, there are far bigger TAMs to go ager
Sure you could have things like vouchers that can be burned and redeemed but bitcoin commerce is still in its formative stage.
TLDR:
Not necessary to be on base layer.
reply
How do you think things like stocks and bonds are going to trade in the future? If bitcoin becomes the money of the future as it’s destined to then it will be half of every economic transaction. Wouldn’t it be best for UX, self custody, and decentralization if trading stocks and bonds, which have a massive TAM, settled on a L2/L3 directly tied to bitcoin’s blockchain with no controlling entity or federation?