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/biz/ - Business & Finance

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28941442 No.28941442 [Reply] [Original]

DeFi is cool as shit, but having turing complete smart contracts and a complete history of state on an immutable blockchain is not a good idea.
Ethereum will go down in history as a cool project that was a few years ahead of its time, but that failed to scale and was too rushed in development.

Bitcoin is and always has been the foundation for DeFi in the future

>> No.28941765
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28941765

>>28941442

>> No.28941819
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28941819

whatever you say buddy...

>> No.28941895

>bitcoin
>defi

sending money in circles is an absolute minimum and will change nothing

>> No.28942085

>>28941442
Now back to r/bitcoin and never come back

>> No.28942097

>>28941765
>>28941819
not an argument

>>28941895
L2 solutions using the BTC blockchain for security enables you to do just about anything while not bloating down the chain & slowing the network down
Look into Stacks & PoX consensus algorithm, as well as RGB protocol which is a L3 for smart contracts on Lightning Network

>> No.28942160

>>28941442

Wait for Dero

>> No.28942251
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28942251

Maxis are incoherent. Listen to the most recent McCormack podcast. The maxi says “maybe one day we will solve the oracle problem.” “Maybe one day we will be able to resolve disputes in a decentralized way.”

>> No.28942304

>>28941442
eth is shit and bitcoin is a ponzi scheme. binance chain is eating eths lunch and bitcoin is literally not needed.

>> No.28942469

>>28942304
I agree that Binance Chain will probably outperform Ethereum, but it is not decentralized and is therefor irrelevant to the discussion. Calling it Binance "DEX" is a complete joke