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
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
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
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.
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.
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
If I work for a company and I believe the company is going to be much more valuable in the future, why wouldn't I want equity?
I believe even on a Bitcoin standard, some companies might be more valuable than others and some new companies might have new original ideas; giving them huge potential for the future.
Potential means here to be profitable and thus to fill their bitcoin treasury.
Bitcoin will not go up forever. At some point, we will see the effect of hard money where you actually need to know what you're doing to more get returns :)
And I think having equity in companies will still be one of them.
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.
I work for a company andI believe the company is going to be much more valuable in the future, why wouldn't I want equity?