This is an AMA in English and Chinese. The main topic is Taproot Assets Protocol on Bitcoin, Tiramisu wallet for this protocol and the coin $AC that is traded on this protocol.
this territory is moderated
I ... I just want to know who the target demographic is for this.
Like literally who. All Bitcoiners I know are exclusively interested in a hard money and its unbreakable ownership etc. So who wants NFTs on Bitcoin? Is it newbies who are new to Bitcoin? Is it shitcoiners who got burned loosing it all in 2022 that want to continue on Bitcoin instead? Or any other demographic?
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One of the things people want hard money for is to make purchases. One of the things people like to purchase is art. If those two statements were the only factors involved, I think almost every bitcoiner would be on board. There is nothing wrong with using bitcoin to buy art, there would be a problem if you could not do that. The real problems, I think, come from these two factors:
  1. the inscription people decided to store their images "on" bitcoin, which is pointless , stupid, and needlessly costly -- and not just for them, it's costly for other people too
  2. almost 100% of the "art" is not really art at all, they are poorly disguised pump and dumps, draped in ugly shapes and colors. "Buy this AI generated girl in skimpy clothes! Only 0.1 btc!"
Taproot Assets fixes the first problem and therefore I think it's a good thing. It does nothing about #2, which is probably a "human nature" problem and I'm not sure it's fixable unless the scammers get religion.
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Human creativity is not to be underestimated. I personally see Taproot Assets as a platform for people to build new things.
No one is able to predict all possible use cases for taproot assets, new coins new NFTs. People could use it to trade tokenized stocks, options, stablecoins. This will be possible in a non-custodial way once Taproot Assets hit mainnet.
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Here's a really good discussion on the topic. (The linked podcast, not the SN discussion.)
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Also Taproot Assets are becoming super popular in China and Asia. Initially it surprised me. There is a lot of Bitcoin whales and alpha investors in China and Asia.
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I ... I just want to know who the target demographic is for this.
Hi, Yes Bitcoin Maxis are not at all into taproot assets. Most Tiramisu users are from around the Ordinal / Degen community. They are very interested in this.
To a lesser extend people who run their Lightning nodes are interested in running taproot asset nodes on top of LND.
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Does TapAss depend on Ordinal indexing at all?
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No, it works by making commitments (hashes) on-chain and storing the actual data off-chain. In other words, unlike Ordinal theory, all the data required to work with the protocol can not be constructed from only blockchain data
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sorry friend, you're not technically breaking the rules i wrote in the description of the territory, but "no shitcoins" should go as an unspoken rule. going to have to drop the moderator executive hammer on this one.
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