Not sure why Taproot asset protocol daemon TAPD (formerly Taro) is not talked about more. I think it’s probably a mix of bitcoiners not really interested in other assets being issued/transferred on bitcoins blockchain/network and altcoiners completely oblivious stablecoins/NFTs/assets are coming to btc. Many bitcoiners are anti other assets such as NFTs, but when issued in a scalable manner (NOT ordinals) they can offer additional liquidity and network affects to the lightning network. As we’ve seen through ordinals the demand is there, but the scalability is not. That changes with #TAPD. Layer 1=security/protocol immutability, layer 2=scalability. For Alts to die bitcoin will need to eat their utility with better faster benefits.
Some examples I envision using TAPD:
1. a “tokenized” decentralized financial system. Apple equity shares issued as a digital asset able to be bought/sold/transferred at the speed of light 24/7 by anyone in the world using lightning networks channels
2. Stable coins- high demand for these from developing countries. Problem now is to transfer and buy stables using other chains is slow and costly. TAPD fixes this
3. Deeds/licenses/titles/contracts: these don’t necessarily need the cheap fees or fast speeds, but they do need bitcoin’s security/decentralization as well as multi sig capabilities that taproot offers
4. Digital assets or NFTs- NFTs are beyond art or an in game self custody assets. NFTs offer unique items to be digitized and transacted. Ex: Tickets for specific events/sports which have unique seating
5. Etc
The point here is yes at its roots bitcoin is hard money, medium of exchange, security, decentralized bridge to freedom from the current system.. but it is also the foundational base layer for everything else to be built/scaled on top of it. To have the googles/amazons of the world we needed the internet. To have a new global financial system adopted by billions we need bitcoin. TAPD offers the next step in this process.
The_Apex_Asset / The Apex Asset
npub14u…nspqp
2023-06-02 18:21:07
Author Public Key
npub14uvz7ptjpdf89q2j20yypsse8pymecmufz497z9tahqh9q5ef5sq3nspqpSeen on
wss://relay.nostr.bandPublished at
2023-06-02 18:21:07Event JSON
{
"id": "bb101bda96987e560152e2c8891b61ba22653948d0741f2bc780fa65ac3e4fee",
"pubkey": "af182f05720b5272815253c840c2193849bce37c48aa5f08abedc17282994d20",
"created_at": 1685730067,
"kind": 1,
"tags": [
[
"t",
"tapd"
]
],
"content": "Not sure why Taproot asset protocol daemon TAPD (formerly Taro) is not talked about more. I think it’s probably a mix of bitcoiners not really interested in other assets being issued/transferred on bitcoins blockchain/network and altcoiners completely oblivious stablecoins/NFTs/assets are coming to btc. Many bitcoiners are anti other assets such as NFTs, but when issued in a scalable manner (NOT ordinals) they can offer additional liquidity and network affects to the lightning network. As we’ve seen through ordinals the demand is there, but the scalability is not. That changes with #TAPD. Layer 1=security/protocol immutability, layer 2=scalability. For Alts to die bitcoin will need to eat their utility with better faster benefits. \n\nSome examples I envision using TAPD:\n\n1. a “tokenized” decentralized financial system. Apple equity shares issued as a digital asset able to be bought/sold/transferred at the speed of light 24/7 by anyone in the world using lightning networks channels\n\n2. Stable coins- high demand for these from developing countries. Problem now is to transfer and buy stables using other chains is slow and costly. TAPD fixes this\n\n3. Deeds/licenses/titles/contracts: these don’t necessarily need the cheap fees or fast speeds, but they do need bitcoin’s security/decentralization as well as multi sig capabilities that taproot offers\n\n4. Digital assets or NFTs- NFTs are beyond art or an in game self custody assets. NFTs offer unique items to be digitized and transacted. Ex: Tickets for specific events/sports which have unique seating\n\n5. Etc \n\nThe point here is yes at its roots bitcoin is hard money, medium of exchange, security, decentralized bridge to freedom from the current system.. but it is also the foundational base layer for everything else to be built/scaled on top of it. To have the googles/amazons of the world we needed the internet. To have a new global financial system adopted by billions we need bitcoin. TAPD offers the next step in this process.",
"sig": "d5875fcff762b45c78a0a9310b67e165e8ab6348375a24182c8b931d230d09a140a957381db02e0314e123f670f97abe5ef1a76840e37350b7207fac150675bf"
}