Yeah a number of people have had reservations for a while and I always felt there was a strong basis to be skeptical about how much this helps us.
nostr:npub1luz2pekdsrq5rv94tqjla5f863fj5mhvmdl8gw3c50pgh705gcysapee93 was raving about this issue a year or two ago and nobody cared. Pepperidge Farm remembers.
Discussion
This does not help us …at all…it actually does the opposite but retards and spooks willl be retards
Anybody regretting taproot yet? 🤔
No. It was a net improvement. Spam and degen activity is just that, that crowd has always been looking for ways to make their schemes work on Bitcoin and they would have found another way if this wasn't it.
Perhaps, but did we have to let the Rothschild Horse into the citadel?
Everyone keeps arbitrarily claiming that all of this is possible because of taproot and it’s really not that relevant. Nothing about inscriptions, stablecoins, tokens, ordinals, stamps, etc were specifically made possible because of taproot.
Being able to create tokens inside a tap script only makes them way more efficient, which is exactly what we want anyway when it comes to making bullshit. We want it to do as little damage or friction as possible for the base layer. Stamps, inscriptions and the bare multisig crap *should* be created inside a rap script so it’s actually using the chain in a sensible way. But part of why they *like* those methods is because they are explicitly toxic and cause the most bloat and computational cost on the chain. The entire goal is to waste space and resources. Taproot has nothing to do with it, nor does it fix people being stupid assholes.
I don’t know of anything that can only be done because of taproot among all of the things that have been sort of thoughtlessly blamed on it in the past year or so.
That’s not how Liz Stark talks about it but. Specifically stablecoins on L1 weren’t economically viable, but now are with Taro via Taproot. https://youtu.be/-4xy3poOE4s?si=KCfu3T093gFX3mFU
But more importantly: How do I get my node to opt out of these stablecoin slave tokens? Why am I being forced into supporting the fiat slavery machine through my node?
The term “stablecoin” has always been misleading to me, fiat money is continually debased and losing value.
I guess this debasement predictability is a stable one 🤷♀️
Afaik, you transmit sats. All the magic happens at the edges.
It's like you might be facilitating the trade of helium balloons but you hate helium balloons... who cares, the details are none of your business, you either want the fees to push sats or you don't. You don't get to choose what the sats were used for.