This is the next effort to destroy the Bitcoin supply cap by issuing "assets" on the Bitcoin Blockchain, using the lightning network.
Look, these "assets" are going to be shitcoins. Or you could call them securities, as the SEC will do. These assets will have rules that can change and will absolutely inevitably do so when it becomes profitable enough for the scammer running those assets.
TARO is absolutely going to be used by scammers and shitcoiners to use the name Bitcoin to dupe idiots into thinking their Bitcoin wrapped bullshit is the same as BTC. Do not give your precious BTC to these scammers. It is going to be the reason for the next bear market, after this one.
Please everybody understand today that BTC base layer and LN do everything you need money to be able to do. No "assets" needed.
Issuing "assets" on Bitcoin is going to falsely give investors the impression that these assets have the security of Bitcoin when they will be no more secure than any Ponzi scheme or shitcoin.
Just look at the idiots who staked their ETH and will likely NEVER be able to get it back. It is against the profitability of the Ethereum foundation to just give away billions of dollars of security value. Therefore they will never allow that staked eth to unstake or be withdrawn. They don't have the code to unstake. And they have to invest lots of energy to develop that code. And since implementing that code will cost them billions of dollars worth of ETH, they simply won't ever get around to it. They'll keep stalling until those people just go away.
It's gone. And that crypto's leader stole it from you with his ongoing scam.
Scammers make their money by you giving them BTC in exchange for some nonsense. Just don't ever give up your BTC. And don't buy anything but BTC, except for a house. And self custody your BTC.
This is how we maximize the value of our network and our money.
Do not fall for TARO assets.