To build trust-minimized offering that can scale globally, you need to be able to offer non-custodial services, and having a chain with covenants capabilities helps a lot.
At the moment the only alternative may be using altcoin chains or other sidechains such as RSK.
The main argument in favor of Elements (ie. Liquid) vs RSK is that is a Bitcoin Core and you are using Bitcoin tech instead of Ethereum tech like RSK
Taproot enables new possibilities without sacrificing anything, it just takes time to get there. Check the Taproot block for an alien clue.
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