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373 sats \ 4 replies \ @thrown 28 Sep 2022 \ on: Hello Taro: Building the (Tap)Root of the World's Financial Network with Bitcoin bitcoin
Can people squat on currency IDs? What prohibits that? the cost of minting or something else?
asset names aren't unique, only asset ids are. asset ids are unique because they are a hash of
sha256(genesis_outpoint || asset_tag || asset_meta || output_index || asset_type), which includes the genesis output, which is unique.reply
how will the average user know the difference between a scam USD token and the real one? are we expecting apps to only allow certain tokens or users to recognize a unique avatar?
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I would assume wallets will have the most popular tokens "hard coded" in. Stablecoin issuers might also be wise to list their asset IDs on their site, kind of how they list their Lightning node pubkeys today.
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I don't think the asset ID is sequential ie same as squatting on bitcoin addresses
The name probably isn't claimed/unique so you need to check it's the correct asset ID.
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