rEaL MaRkEt dEmANd🤪 Same logic as defending slavery🤮
Lyn Alden's avatar Lyn Alden
I observe that it's a somewhat unpopular current opinion in maxi circles (and I love maxi circles <3), but I think Taproot Assets are indeed potentially useful for stablecoins. We'll see how it shakes out. A lot of people have ideological beliefs about what "should be", but for people operating every day in developing countries with high inflation, a bitcoin wallet that has BTC and USD, and lets them skip Binance/Tron, could be really useful. There's real market demand for that. Do I want shitcoins on bitcoin? No. But I think they'll burn themselves out anyway. In the meantime as a bridging tool, dollars on bitcoin would meet a real utility demand and benefit bitcoin adoption overall.
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They have a need to hold stable liquid value for six-month periods, which their local currency doesn’t do, bitcoin doesn’t do yet, and that those of us arguing about this all enjoy without thinking about it.