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So this assumes there is pent-up demand to use BTC as part of smart contracts that is not yet met by WBTC on Ethereum. I don't see anything that would validate that assumption.
Earlier quoted context omitted.
The Bitcoin Core (BTC) market is pushed forward only by fraud (Tether) and lies (censorship of BitcoinTalk and r/Bitcoin). The Bitcoin Core project was hijacked and socially engineered away from the lead developers many years ago by Adam Back's Blockstream. Today it is a Ponzi scheme designed to push people onto their "second layer" solutions to "solve" the problems they themselves introduced.
Any hard evidence you can point to?
https://medium.com/@johnblocke/a-brief-and-incomplete-histor...
Earlier quoted context omitted.
Oh for the love of science, GIVE IT A REST. ETC exists, if you don’t like ETH go use ETC, the community voted with their wallets, ETH won, give it a bone already
>the community voted with their wallets, ETH won, give it a bone already Isn't this the exact problem? That the blockchain isn't actually immutable and community will step in to revert transactions?
If you want to move slow and never break things, choose ETC.
So this assumes there is pent-up demand to use BTC as part of smart contracts that is not yet met by WBTC on Ethereum. I don't see anything that would validate that assumption.
Earlier quoted context omitted.
Oh for the love of science, GIVE IT A REST. ETC exists, if you don’t like ETH go use ETC, the community voted with their wallets, ETH won, give it a bone already
>the community voted with their wallets, ETH won, give it a bone already Isn't this the exact problem? That the blockchain isn't actually immutable and community will step in to revert transactions?
Earlier quoted context omitted.
Oh for the love of science, GIVE IT A REST. ETC exists, if you don’t like ETH go use ETC, the community voted with their wallets, ETH won, give it a bone already
>the community voted with their wallets, ETH won, give it a bone already Isn't this the exact problem? That the blockchain isn't actually immutable and community will step in to revert transactions?
Earlier quoted context omitted.
Oh for the love of science, GIVE IT A REST. ETC exists, if you don’t like ETH go use ETC, the community voted with their wallets, ETH won, give it a bone already
>the community voted with their wallets, ETH won, give it a bone already Isn't this the exact problem? That the blockchain isn't actually immutable and community will step in to revert transactions?
Earlier quoted context omitted.
Please, don't forget, Bitcoin Core (BTC) was hijacked years ago by corporate interests and purposefully crippled with high fees. From day one Bitcoin was designed to have low or no fees, it is only because Blockstream was able to wrestle control of the GitHub repo and stop the block size increase arbitrarily that high fees exists. Bitcoin Cash (BCH) long ago took over the "Bitcoin" project as designed by Satoshi Naka…
>From day one Bitcoin was designed to have low or no fees How are miners supposed to be compensated, given that the block reward halves every few years? >because Blockstream was able to wrestle control of the GitHub repo Can you rebut these counter-claims made by one of the Core devs? https://news.ycombinator.com/item?id=25566420 >is a broken system designed to enrich developers of "Second Layer" solutions like this.…
A solved problem by Satoshi. The block reward covers miners expenses for the next 100 years or so, THEN, once the block size is large enough and transactions are in the millions, a fee of a few cents per transaction replaces the block reward.
> Can you rebut these counter-claims made by one of the Core devs?
Yes, easily. This article [1] shows what I am saying, Core devs are funded by Blockstream. [2] Greg Maxwell (nullc) is, "a very dangerous individual whose [actions] speak for themselves". Just read about his past, he is a master social engineer and manipulator.
[1] https://www.theblockcrypto.com/linked/60250/bitcoin-developm...
[2] https://www.reddit.com/r/btc/comments/74se80/wikipedia_admin...
> How are those developers being enriched? Lightning is free and open source.
Lightning does not work. It is a centralized "solution" to a decentralized problem. Sure, anyone can make a central database, hold Bitcoin and trade them, that is just an exchange, that is what Lightning is. What Blockstream is selling is not Lightning, their product is called Liquid.
So this assumes there is pent-up demand to use BTC as part of smart contracts that is not yet met by WBTC on Ethereum. I don't see anything that would validate that assumption.
99% of Bitcoin remains passively outside of smart contracts. Only about 5B on Ethereum. This can be a fairly large market and we're in early days. More use cases don't need to take anything away from Ethereum!