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0 sats \ 0 replies \ @gunson 25 Aug 2022
Provocative thought exercise, but really who knows what will happen ¯_(ツ)_/¯
Some things not considered here:
- how else would token issuers respond to higher fees
- how would higher fees incentivise changes in on chain and lightning behaviour (more tx consolidation, and smarter lightning liquidity management)
- how would demand for Bitcoin as the payment rails asset alter the demand for Bitcoin itself as the stable asset I.e. does Taro ultimately sow the seed for its own demise
- what if drive chains eventually become a thing
- what if fedimints become a thing
- what if we figure out more smart ways to use block space
There seem like so many unknowns that this feels pretty academic (although fun to think about nonetheless - I still commend the author).
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0 sats \ 0 replies \ @BlokchainB 24 Aug 2022
TL:DR
Block space is limited. Taro will compete for block space in a high fee environment. Lightning labs is avoiding using NFT but Taro can host NFTs quite easily. Major idea here is Taro is to drive stablecoin use to bitcoin and away from the other chains. Skeptical but optimistic take overall.
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