Summary
TLDR: Layer 2 metaprotocol solutions such as Taproot Assets (TA) and RGB are now available or imminent, offering price, fee, and flexibility advantages over on-chain Ordinals. These solutions are being actively developed and promoted, with TA already functional and RGB undergoing a code audit. BRC-20 tokens are considered obsolete due to limitations and drawbacks, with superior alternatives like AdamCoin (AC) on Tiramisu TA wallet and exchange, TRICK and TREAT on NostrAssets, and PePe-RGB launching soon. Stablecoins on RGB are seen as the future, with technical advantages over TA. Layer 2 solutions are bullish for Bitcoin and should be promoted to support its growth phase.
Key Points
1. Layer 2 metaprotocol solutions, such as Taproot Assets (TA) and RGB, are poised to resolve the Ordinals controversy by offering price, fee, and flexibility advantages over on-chain Ordinals.
2. RGB has greater potential than TA for creating and trading tokens and NFTs, but TA is currently available as a functional alternative to Ordinals.
3. BRC-20 tokens are becoming obsolete due to drawbacks such as limited minting opportunities, reliance on centralized indexers, high transaction fees, and limited application, making Layer 2 tokens like those on TA and RGB more attractive options.