https://twitter.com/BitMEXResearch/status/1636010708998471683
It's funny, because I have a soft spot for fluffypony and Monero, and mixed feelings for Taro. But I still like asset issuance on Bitcoin's Lightning Network more than asset issuance on a sidechain of Monero.
The prophecy will be fulfilled...
RGB VS CMYK
(CMYK was apparently an early working title later changed to Taro, a play on RGB due to also being a color scheme)
Still haven't heard a compelling argument for a need for a token, even less for an always-on token
Lightning makes the trade-off of hot wallet risk to gain instant settlement. Bitcoin hot-wallet risk is quantifiable by sats.
Hot wallet risk of Tokens? Not so much.
I am in no way a Taro proponent, or a supporter of Lightning Labs' priorities of things they work on, but why would the difference in asset make the risk less acceptable?
I'll wait for software like everyone else, but my criticism on TARO is that one can't quantify risk in tokens freely printed out of thin air, nodes will have to opt-in to it. Can't see how it wouldn't end up as separate lightning networks 😅 (one with taro assets, and another without)
Yes, this is a good point. As they say, they will be swapped at the edges by a few nodes. Not sure about the adoption otherwise, among institutions, let alone the plebs. Taro (or maybe CMYK, which was the working title early on, a play on the fact that it ripped off RGB) has been Lightning Labs main focus for a while now. Lightning Labs, whose implementation is LND makes up between 80% to 87% of network nodes, so at least the overwhelming majority of the network will be quite compatible with Taro.
Much of the network has been unhappy with Lightning Lab's priorities of dollarizing the undollar-ed with Taro, rather than focusing on Bolt 12 and interesting privacy maneuvers of splicing being developed with Blockstream's implementation of C-lightning.
