Some thoughts and discussion I had about taproot assets today.

While a romantic dream that Bitcoin the network would only ever be used for bitcoin the money, it's not very practical.

Bitcoin the network allows for many types of data to be saved in the blockchain if you're willing to pay the fee. That can be bitcoin the money transaction, an NFT, fiat dollars, tether, ID's, etc.

While at first glance I dislike this, I welcome the challenge. These purveyors of data will soon find out how expensive block space is as a finite resource, just like the ordinal minters found out.

This is truly an open competition, will the demand for inflating dollars and other fiat outweigh the demand for zero inflation money? Or will NFT pics of monkeys take the win?

It's an interesting thought experiment also to ask "why would someone want to transact a centralized currency over a decentralized network if it's inherently more complex than the centralized network that already exists?"

I think these stable-coin issuers are going to be in for a surprise when they find out the cost of using bitcoin the network, especially when it's priced in sats!!

May the best data win.