Seems redundant to me. Both have a centralized mint, why would you need both?
Discussion
Hi. Simply to swap out the reserve currency of a Cashu mint from Bitcoin to a stablecoin. Cashu opens up programability and offline spend use cases you'd never get on the lightning network, and taproot assets on the lightning network are still on the lightning network.
Are tapass stablecoins in production? I've heard about them theoretically but haven't seen em for real.
Good overview of where we are now.
Can't watch a 50 min video right now. Can you list a mobile wallet where I can receive taproot assets?
I'm guessing Joltz is the closest? Weeks away? Or already in the testflight?
His thesis is that USDT payment volumes waiting in the wings for the Lightning Network (due to Tron issues, etc.) means that USDT payment volumes will far surpass Bitcoin payment volumes on the Lightning Network by this time next year.
He seems much more in the know then I am, so defer to him and others who work on this every day. Seems plausible though. Right now 11 trillion in USDT volumes annually over Tron and the other networks. If only a fraction of that moves to Lightning Network and it already surpasses Bitcoin.
Voltage Cloud is also going all in on Stablecoins, so that tells you something.
Thanks.
What are your thoughts on Liquid Network + Simplicity? You can program sophisticated conditions, including offline transactions.
It's neat in theory but for us this needs to be deployed on business customers' own infra, and we can do that with a mint, whereas for liquid you'll always have that outside factor.