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10 sats \ 0 replies \ @felix OP 4 Jul 2022 \ parent \ on: 🌊⚡️ The Bitcoin Ecosystem Moment (pt. 1) bitcoin
Fair point, Taro needs more time... Fingers crossed it'll now move faster with all the interest in it!
However, both RGB and OmniBolt are essentially ready.
Regarding adoption: IMO it's the other way around. There wasn't a lot of incentive to adopt Segwit, because during the bear-market blocks were empty most of the time. No need to save space if there's a ton available.
With regards to taproot adoption; Honestly, for the first time, there's actually a strong incentive to adopt a token protocol because it solves a huge pain point.
Being able to send USD stablecoins around the world in an instant, and effectively for free is a tremendous product/use case. You completely kill any remittance company and save 20%+ per transaction.
Also, it's important to point out that only apps/nodes/wallets that want to use e.g. USDT need to adopt RGB/Taro/OmniBolt. All other routing nodes in-between don't need to care about this at all.
I think adoption will be faster– in places where it counts! (wallets)
(Also, Omnibolt doesn't need taproot)