Trying to understand this today

https://river.com/learn/what-is-taro-in-bitcoin/

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I literally have a problem with the title:

What Is Taproot Assets in Bitcoin?

should be:

What are Taproot Assets in Bitcoin?

I shall look beyond this ๐Ÿ˜‚

Yikes, I didn't notice๐Ÿ˜€

It seems like it answers a lot of interesting questions like the following:

"Cheap asset transfers that work 24/7."

"Global accessibility for everyone."

After all aren't Vegas Casinos open all day and night with international flights to everywhere?

So I think I would like to be a "market maker" on this network.

I will take Bitcoin in exchange for registering a share of company stock on a UTXO and charge a fee. The higher the fee, the more market makers will join the market. Reputation will be crucial for the market makers.

Perhaps companies themselves will become market makers for their own shares so they can maintain full oversight over the exact 1:1 match of tokens to shares.

"An easily auditable supply"

Something about the hash of a key of the company with the lD of the issued token, so we can easily count that there are exactly the outstanding tokens as the company publishes.

https://river.com/learn/images/articles/taro-taproot-transaction.webp

Trying to work out some examples to understand this:

stock tokens representing $mstr would represent a claim to other UTXOs currently less than the amount of UTXOs given to the market maker to create the token. Individuals participating in this trade would be giving more UTXOs for less now in the hope of more UTXOs in the future.

Apple has a dividend of 1.5 dollar per quarter, PE of 38. So every 38 dollars will earn 1 dollar per year. If I'm not mistaken.

So in this tokenized world for an Apple share 240,000 satoshis would be handed over to a token that spits out 6,000 satoshis per year.

For $MSTR someone is handing over 350,000 satoshis for the hope of getting 250,000 satoshis in a year (2024 BTC yield).

I'm looking at it pragmatically.

You can't build a permission less system and then complain that somebody built something without your permission ๐Ÿ˜‚

Also, it all looks suspicioubslessly like the ecosystem that has existed in Blockstream Liquid for a while.

I have to check liquid out. It sounds like anyone could build their own market maker using taproot or become a Liquid market maker.

is that AI generated article? It doesn't make any sense...

sure we can argue about liquid custodial nature all day, but this article is a complete nonsense.

Pretty sure itโ€™s actually AI-generated. Total garbage.

"CMSTR is available to EU professional investors (excluding LUX and GER) and non-US qualified investors, subject to KYC/AML compliance. It is not available in the US or AML high-risk countries."

I had to look up "AML" is anti money laundering".