Why not RGB or Pear Credit? I realize those are coming slower. Pear theoretically is not going to be limited by liquidity, which seems to be a massive advantage to any lightning-based solution, should have zero fees. Would love to hear analysis/comparison of Pear and Taproot Assets and RGB for these kinds of solutions. Yes, ordinals seem very inefficient, not sustainable, and overkill for most private tokenization applications compared to these choices. Thanks.🙏 Good luck w Joltz!
Appreciate the comment! We will have a piece coming out soon on comparing Taproot Assets to other protocols which will include RGB. Will likely post that on our website and from our X account @JoltzRewards first and then I’m sure I’ll circle back to the topic on the channel here as well at some point. Admittedly I’m not well-versed yet on Pear so thank you for the inspiration to dig in. Will also ask our CTO for his thoughts as he’s much smarter than me 🙂
Good question. So imagine you’re a business owner. You’re a Bitcoiner - you get it. But you’re the owner of a mainstream business. You have a good pulse on your customers and estimate that at best 10% of people would opt into receiving bitcoin rewards (this sounds crazy to us as Bitcoiners but we are still so so early). On the other hand, you estimate a far higher % of your customers would opt-in to receiving rewards if it was more familiar and tied to your own brand. No matter how you proceed, each opted-in customer will get their very own self-custodial bitcoin wallet where they can hold the token and/or convert them into sats at a later point. So it really comes down to wanting to get as many people opted in and participating as possible. And the good news is that getting as many people participating as possible means getting as many people onto the Bitcoin network as possible. Will there be a day when straight sats will make the most sense? Absolutely. But for the vast majority of businesses, we are not there yet.
There are some additional tricks with Taproot Assets for what we’re envisioning that should avoid the challenges Muun faced. That said, of course I also want to avoid overhyping and claiming we’ve found the silver bullet because it has been an incredibly difficult problem to solve. More to share soon…
Alive and well! Stay tuned for end of January - a big announcement is coming then and across Q1. We got things started with a partnership in Brazil back in November but it’s still in beta / limited access for now bitcoinnews.com/press-release/joltz-eulen-stablecoin-on-lightning-depix/
Great! Keep up the good work ! 👍
🙏
thanks for your efforts🧡
Why not RGB or Pear Credit? I realize those are coming slower.
Pear theoretically is not going to be limited by liquidity, which seems to be a massive advantage to any lightning-based solution, should have zero fees.
Would love to hear analysis/comparison of Pear and Taproot Assets and RGB for these kinds of solutions. Yes, ordinals seem very inefficient, not sustainable, and overkill for most private tokenization applications compared to these choices.
Thanks.🙏 Good luck w Joltz!
Appreciate the comment! We will have a piece coming out soon on comparing Taproot Assets to other protocols which will include RGB. Will likely post that on our website and from our X account @JoltzRewards first and then I’m sure I’ll circle back to the topic on the channel here as well at some point.
Admittedly I’m not well-versed yet on Pear so thank you for the inspiration to dig in. Will also ask our CTO for his thoughts as he’s much smarter than me 🙂
I still don't get what's the point of the "Kilo Club Token" why do they give not just Sats directly instead some random token?
Good question. So imagine you’re a business owner. You’re a Bitcoiner - you get it. But you’re the owner of a mainstream business. You have a good pulse on your customers and estimate that at best 10% of people would opt into receiving bitcoin rewards (this sounds crazy to us as Bitcoiners but we are still so so early). On the other hand, you estimate a far higher % of your customers would opt-in to receiving rewards if it was more familiar and tied to your own brand. No matter how you proceed, each opted-in customer will get their very own self-custodial bitcoin wallet where they can hold the token and/or convert them into sats at a later point.
So it really comes down to wanting to get as many people opted in and participating as possible. And the good news is that getting as many people participating as possible means getting as many people onto the Bitcoin network as possible. Will there be a day when straight sats will make the most sense? Absolutely. But for the vast majority of businesses, we are not there yet.
thanks,G!
🤝
Very cool! Be much better as a native app
Thanks for the feedback. Native app is on our roadmap! Timing tbd but hopefully later this year
Is there no better option than submarine swaps?
Products like Muun become unusable during times of high fees cause of submarine swaps
There are some additional tricks with Taproot Assets for what we’re envisioning that should avoid the challenges Muun faced. That said, of course I also want to avoid overhyping and claiming we’ve found the silver bullet because it has been an incredibly difficult problem to solve. More to share soon…
Ian, what happened to the Joltz wallet? No more Taproot? Lightning? Custodial? Is the project dead? Can the wallet be used?
Alive and well! Stay tuned for end of January - a big announcement is coming then and across Q1. We got things started with a partnership in Brazil back in November but it’s still in beta / limited access for now bitcoinnews.com/press-release/joltz-eulen-stablecoin-on-lightning-depix/
Great video!!!
🙏
Cool, but needs to be a mobile app.🎉
just save it to home screen as a progressive web app
Good suggestion from bluefuzecom on saving as a progressive web app. A proper mobile app is definitely on the roadmap as well but TBD on timing