Do you prefer Taro ♦️ or RGB 🎨 as a protocol for stablecoins and NFTs on BTC ? \ stacker news ~bitcoin

Do you prefer Taro ♦️ or RGB 🎨 as a protocol for stablecoins and NFTs on BTC ?

383 sats \ 5000 boost \ 31 comments \ @snow88488 21 Mar 2023 bitcoin

I have developped a web wallet for Taro assets and I am now wondering if I should add RGB assets as well. I am wondering which one people prefer. You can find the wallet here https://testnet.tarowallet.net/ .

♦️ Taro58.3%

🎨 RGB41.7%

24 votes \ poll ended

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6902 sats \ 1 reply \ @TonyGiorgio 21 Mar 2023

You're not allowed to say the T word anymore, shitcoiners will sue you for it and you'll get a cease and desist.

0 sats \ 0 replies \ @snow88488 OP 21 Mar 2023

True. Whole development of Taro is blocked now. I will likely have to rename the website.

Omg I can’t believe it sounds similar to Tari to someone.

I bet that the Tari guys started loosing Seo and Google started correcting peoples queries to Taro

4400 sats \ 4 replies \ @cecil 21 Mar 2023

fiat pegged stablecoins are evil, period. non-utility nfts are degen trash. that said, I'd hope rgb wins out over taro just because proprietary solutions can go fuck themselves.

0 sats \ 0 replies \ @snow88488 OP 21 Mar 2023

I asked a lot of people why not use BTC as their payment rails and volatility is their main excuse

0 sats \ 2 replies \ @snow88488 OP 21 Mar 2023

There seem to be a lot of demand for them. Everyone is complaining about how volatile Bitcoin is

14 sats \ 1 reply \ @cecil 22 Mar 2023

there is a lot of demand for meth, not really a good reason to supply it. as for btc and volatility, increased adoption would lead to increased stability although I don't personally care about the fiat "value" of btc, more the buying power.

0 sats \ 0 replies \ @snow88488 OP 22 Mar 2023

I am myself more enthusiastic about assets like options, tokenized stocks and other stuff that will bring in more people interested in price action.

And yes the bigger the pool of holders the more stable BTC will become.

23 sats \ 1 reply \ @faithandcredit 22 Mar 2023

Why is Ordinals not an option?

3 sats \ 0 replies \ @snow88488 OP 22 Mar 2023

I consider ordinals layer 1 . Taro and RGB are layer two.

34 sats \ 3 replies \ @DiracDelta 21 Mar 2023

I like things that people actually build on, and so far there is little built on either afaik.

It's looking like RGB may end up being used more for privacy products that are more endogenous to Bitcoin, whereas Taro looks like it may be the dominant product for issuing auditable, transferable (options) contracts on Bitcoin.

20 sats \ 1 reply \ @DiracDelta 21 Mar 2023

Oh, I didn't even notice OP asked about "NFTs" my brain has gotten so good at filtering out shitcoinery nonsense. No, NFTs are irrelevant trash. As to a Taro wallet, the wallet alone is useless -- you need an ecosystem by which you can enforce rule of law.

Here's the trick: stop thinking about Taro "assets" and instead think about CONTRACTS that have UNRESTRICTED TRANSFERABILITY.

People have certain expectations when you talk about owning an asset, but it is readily understood that when you say contract the question of assurance and settlement risk is implicitly introduced.

The only "smart" thing that most contracts can have is unilateral transferability.

0 sats \ 0 replies \ @snow88488 OP 21 Mar 2023

Yes ecosystem is absolutely needed. Right now there is nothing to interact with.

0 sats \ 0 replies \ @snow88488 OP 21 Mar 2023

Yes the community around both is pretty sparse. A lot of people talking about them but not too much development.

Also I don’t think the investors are very attracted by Bitcoin NFTs.

Yes RGB definitely looks more private and has more customization options but is also more complicated.

I find that taro is easier to use.

31 sats \ 9 replies \ @DarthCoin 21 Mar 2023

The whole point of stablecoins is dumb and useless. I think people still don't understand none of these Taro and RGB when they put them in the same bag with "stablecoins"...

150 sats \ 4 replies \ @snow88488 OP 21 Mar 2023

From some reason everyone talks about stablecoin usecase. I personally like the tokenized stocks, options and NFTs way cooler.

13 sats \ 1 reply \ @BlokchainB 22 Mar 2023

And gift cards

0 sats \ 0 replies \ @snow88488 OP 22 Mar 2023

Gift cards ? That is a cool idea. I wonder if Taro supports it

11 sats \ 1 reply \ @DarthCoin 21 Mar 2023

yes, tokenized stocks is totally other case and indeed, Taro is designed for such thing.

0 sats \ 0 replies \ @snow88488 OP 21 Mar 2023

Yes I agree, that is one reason why I am enthusiastic about it.

35 sats \ 3 replies \ @DiracDelta 21 Mar 2023

I understand why people have this reaction, but it is wrong for two reasons:

Pseudo-anonymity + counterparty risk is superior to counterparty risk and zero anonymity. I have about 15k sats on WalletOfSatoshi, which is custodial -- suppose some 3 letter agency tells WoS to seize DiracDelta's WoS balance because they dislike this comment -- my opsec is not good enough that it's impossible, but it is not necessarily trivial. Censorship resistance is not an absolute, but about increasing the cost of tyranny.
People have a view of hyperbitcoinization paths that are almost certainly making a fundamental category error, due to historical quirks around Austrian economics and certain monetary concepts that are flawed. I have discussed these in some detail and how they relate to Taro in a recent newsletter post. I do not claim no one else has brought up this notion, but I searched BitcoinTalk forums, reddit, twitter, etc. and could not find anything similar. https://heaviside.substack.com/p/the-forgotten-fourth-function-of

As relational contracts begin to emerge on Nostr with simple p2p markets, the nature of primitives of economic activity, inherent counterparty risk, and anarchic "governance" / rule of law enforcement mechanisms that protect private property without involuntary, legacy style governments will become more apparent.

16 sats \ 2 replies \ @DarthCoin 21 Mar 2023

For more you will use BTC as money, stronger will be. For more stronger will became will make all other fiat money weak and meaningless. For less value would have fiat money, less powers to governments will be. Less power, less tyranny, less governments.

Is so fucking simple, you just have to use Bitcoin every fucking day.

8 sats \ 0 replies \ @DiracDelta 22 Mar 2023

No, it's not so simple... because you need to think about futures and monetization to saturate demand. There are people who choose not to demand bitcoin because contracts are all dollars. We are 0.1% adoption for store of value, but maybe 0.0001% standard of value adoption.

It will happen regardless and I will remain all in with bitcoin, but the more people care to think deeply, the more likely tools are built that lead to faster adoption. And as we see with fiat, most people will do anything to avoid thinking. Bitcoiners in no way are immune to that!

0 sats \ 0 replies \ @snow88488 OP 21 Mar 2023

YES !!!!

20 sats \ 6 replies \ @om 21 Mar 2023

Neither. Keep the damn stablecoins out of the mainnet because the stablecoin issuers get to decide the winner of a fork. Ethereum is already deeply in this situation.

For stablecoins use either Liquid or Fedimint's stability pools. For NFTs use either Ordinals or Liquid, there's no need for something more complicated.

20 sats \ 5 replies \ @snow88488 OP 21 Mar 2023

I have used the word stablecoins but I really meant alternative assets such as tokenized stocks, options, etc.

For NFTs I guess that the only benefit of Taro is that Taro NFTs don't add extra space to blockchain.

30 sats \ 4 replies \ @om 21 Mar 2023

My answer is still Liquid. Imagine that Bitcoin forks into Bitcoin proper and Bitcoin Trash. And the government proclaims that all companies that issue tokens on the Bitcoin chain must use Bitcoin Trash from now on. And users really like their tokens... Why do we want to give the government this power?

I have no idea why ordinals try to upload monkeys to the chain instead of using IPFS hashes like all the other chains.

20 sats \ 3 replies \ @snow88488 OP 21 Mar 2023

I don’t think we should give government power.

Let’s bitcoinize dollar not dollarize bitcoin!

As for liquid. I done even know how to star a node or buy an NFT on it. I know exchanges use it.

15 sats \ 0 replies \ @BlokchainB 22 Mar 2023

One word. SideSwap. Start your liquid journey there

30 sats \ 1 reply \ @om 22 Mar 2023

Yeah!

Start with https://liquid.net The node is Elements: https://elementsproject.org/ Look at NFTs at https://raretoshi.com/ And yeah, sideswap.

10 sats \ 0 replies \ @snow88488 OP 22 Mar 2023

Thank you !

0 sats \ 0 replies \ @snow88488 OP 21 Mar 2023

Wow so far it is almost a draw.....