Taproot Assets on Mainnet: A New Era for Bitcoin and Beyond 🌅 \ stacker news ~bitcoin

pull down to refresh

Taproot Assets on Mainnet: A New Era for Bitcoin and Beyond 🌅lightning.engineering/posts/2023-10-18-taproot-assets-v0.3/

5191 sats \ 28 comments \ @Rsync25 18 Oct 2023 bitcoin

view all related items

148 sats \ 0 replies \ @birdeye21 18 Oct 2023

Awesome.

An inevitable step in hyperbitcoinization

81 sats \ 0 replies \ @kr 18 Oct 2023

awesome news, excited to see what gets built!

12 sats \ 9 replies \ @Jon_Hodl 18 Oct 2023

What is the purpose of "assets" on Taproot?

Genuinely curious.

193 sats \ 1 reply \ @leo 18 Oct 2023

Having bitcoin-native assets like stablecoins allows them to be put into payment channels, where they can be used for commerce.

36 sats \ 0 replies \ @Rsync25 OP 18 Oct 2023

And shitcoins. This already happen on testnet

31 sats \ 2 replies \ @TheBTCManual 18 Oct 2023

My assumption is to try and take stablecoin market share and the accompanying transaction fees earned from it away from other chains, its a bet TRON took and it worked out for them, if it works we don't know

But if it does, could bring some volume to LND nodes and maybe expand a P2P native LN market with stablecoins, also the same applies for shitcoins moving over

52 sats \ 1 reply \ @Rsync25 OP 18 Oct 2023

True. However, there's risk involved like compliance, SEC, regulation, etc.

Risk-free not exist when we're speaking about shitcoins on Bitcoin

1 sat \ 0 replies \ @TheBTCManual 18 Oct 2023

100% no free lunch, it could bring about a lot of issues like Lightning nodes requiring to register as money services businesses to transfer these assets and creating a walled garden KYC subset of the LN network

10 sats \ 1 reply \ @Rsync25 OP 18 Oct 2023

Mint shitcoins and stablecoins

0 sats \ 0 replies \ @BlokchainB 18 Oct 2023

Early adopters have continually iterated with our team over the last several months of testnet development, minting nearly 2,000 assets on testnet and syncing their nodes with our Universe server, a repository holding all the information needed for a wallet to initialize and download the state of a specific Taproot Asset, over 420,000 times

Yup hahah

0 sats \ 0 replies \ @rijndael 18 Oct 2023

other assets. stablecoins, shitcoins, etc

0 sats \ 0 replies \ @BITC0IN 18 Oct 2023

shitcoins

10 sats \ 0 replies \ @thursday 18 Oct 2023

I wonder how it'll effect the cryptocurrency market.

Taproot assets give a pretty strong foundation to mint tokens on bitcoin. Add to the mix of it running on lightning and you have yourself a versatile system. One that is more functional and faster than almost all of the rest.

10 sats \ 0 replies \ @BlokchainB 18 Oct 2023

👏👏 congrats to the team.

8 sats \ 11 replies \ @WeAreAllSatoshi 18 Oct 2023

@k00b SN equity 👀

0 sats \ 1 reply \ @k00b 18 Oct 2023

Just let me hire you :)

We've got a nice slice of the options pool waiting for you.

10 sats \ 0 replies \ @WeAreAllSatoshi 18 Oct 2023

🤔

1 sat \ 8 replies \ @nemo 18 Oct 2023

deleted by author

100 sats \ 7 replies \ @WeAreAllSatoshi 18 Oct 2023

Maybe it is, but I don't see anything wrong with partial ownership of an entity. Maybe because it traditionally goes with stock/shares that are traded on a stock market, which is obviously connected to the fiat world.

0 sats \ 6 replies \ @nemo 18 Oct 2023

deleted by author

21 sats \ 3 replies \ @WeAreAllSatoshi 18 Oct 2023

I only mentioned it here because I had previously asked k00b about giving out equity for PRs and he said maybe when taproot assets go live (paraphrasing, I didn’t look for the actual comment). So I saw this thread and figured I’d mention it again, though mostly just for laughs

210 sats \ 2 replies \ @nemo 18 Oct 2023

deleted by author

view all 2 replies

21 sats \ 1 reply \ @SpaceHodler 18 Oct 2023

I don't see why there wouldn't be stocks on a Bitcoin standard. There will be companies and some of them will grow faster than others. And the ones that grow faster than the average will grow their value in bitcoin terms.