Replies (12)

I got it because the base secret key of it is just the hash of a private key and it uses a musig2 schnorr signature. The rest is not consensus. THE REST IS NOT CONSENSUS. Only thing the consensus cares about is the Musig2 schnorr signature is valid. The rest are just a type of on-chain anchoring for rollups, essentially. I'll fight anyone who doeen't agree that's the essential, central point about what taproot is. ROLLUPS.
Compared to bitcoin's volatility. People in poor nations can't rely on bitcoin's price which is why stablecoins are more popular in many of them.
Yup. No need for a separately issued stablecoin. Just adds more counterparty risk and volatility - the complete antithesis of a stablecoin.