Post
Topic
Board Development & Technical Discussion
Merits 2 from 1 user
Re: Lightning Labs just made "Taproot Assets" v0.2 a BRC20 alternative.
by
DaveF
on 23/05/2023, 11:32:22 UTC
⭐ Merited by vapourminer (2)
....There's just one problem with this. Lightning adoption needs to be more widespread for this to work, or else the very spammers who are supposed to be using this protocol will never hear about it.

That means more wallets, and more avocation for Lightning Network wallets going forward.

Of course, it is semi-known around here that custodial LN channels are more usable than the non-custodial variants. So if you want to start with the onboarding immediately, you can send these Ordinals users to these kind of Lightning wallets without worry. As judging by their antics, they are probably minting BRC-20 using a custodial Bitcoin wallet anyway.

Actually, most people getting into Ordinals/BRC20 are the same people who got into IEOs, ICOs, and everything else and have NO idea what any of it is. They just know it's te next big thing and have FOMO. So they use whatever wallet / app that the person talking about it on YouTube / Telegram or wherever tells them to.

So in the end they will move to whatever wallet is being talked about by whatever scammer is doing the talking that day.

Kind of like the people that go and buy gold because the commercial on TV told them it was a good investment.

-Dave