Bitcoin needs Ethereum VM to reach its full potential — Web3 exec - page 3.

icalical

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Quote from: larry_vw_1955 on October 13, 2023, 10:25:53 PM

https://cointelegraph.com/news/bitcoin-needs-ethereum-evm-botanix-founder

Botanix Labs founder Willem Schroé argues a “huge amount of value” from real-world assets will be captured on Bitcoin, provided it connects to the Ethereum Virtual Machine.

Mainstream Bitcoin adoption won’t happen until it bridges to the Ethereum Virtual Machine (EVM) — the first point of entry for many real-world assets moving on-chain, a Web3 executive argues.

If that's true then it doesn't look for bitcoin. Might as well invest in ethereum...

Botanix Labs took those conclusion --Bitcoin need EVM -- based on the argument that Bitcoin will not fulfill it's potential just by becoming a decentralized currency, it also need to be listed in a commodity and security market, and I tend to disagree with that. Originally Bitcoin was made as peer-to-peer payment sytem to counter the hegemony of Governments controlled currency and IMF, and that's enough purpose for people to adopt Bitcoin. Adding another goal like make Bitcoin Commodity and Security will distract the main purpose, while it's not yeat achieved. And more over, currently with all the speculators buying bitcoin to gain profit, some poeple already consider it as a commodity

Husires

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Analysts believe that there are high trading volumes in Ethereum, and if Bitcoin is linked to the Ethereum Virtual Machine, then automatically and over time, all projects based on Ethereum will prefer Bitcoin, and then its price will be high due to the high demand, which may be true, but Bitcoin does not need that for its price to rise. There are thousands of ways for Bitcoin to increase trading volumes and the number of users other than adding more smart contracts.

It is laziness and a search for easy solutions. You will find them agreeing for mining pools to block certain addresses if the government gives them free electricity.

philipma1957

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Quote from: larry_vw_1955 on October 13, 2023, 10:25:53 PM

https://cointelegraph.com/news/bitcoin-needs-ethereum-evm-botanix-founder

Botanix Labs founder Willem Schroé argues a “huge amount of value” from real-world assets will be captured on Bitcoin, provided it connects to the Ethereum Virtual Machine.

Mainstream Bitcoin adoption won’t happen until it bridges to the Ethereum Virtual Machine (EVM) — the first point of entry for many real-world assets moving on-chain, a Web3 executive argues.

If that's true then it doesn't look for bitcoin. Might as well invest in ethereum...

BTC has different use features. It is the premier POW coin. Eth is simply a Piece Of Shit coin

No real backing simply an imaginary farce. Run by 1 guy

I would love to see him:

A) pay me the 2 eth he stole from me when he corrected the first exploit

B) admit the con and vanish

PX-Z

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No need, bitcoin doing good on its own. Eth is worst on in congestion problem even it's now on POS. Bitcoin even suffer congestion and fee hike when the Ordinals was introduced.
If there's anything to be improve on bitcoin, it's the confirmation time IMO.

hatshepsut93

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Quote from: larry_vw_1955 on October 13, 2023, 10:25:53 PM

Botanix Labs founder Willem Schroé argues

Who cares what a shitcoin seller thinks. He's just scamming people who invest in web3, thinking it's the next big thing, but in a few years web3 will be as dead as ICO, NFT and all the other crypto trends. The only permanent thing in crypto world is Bitcoin, because Bitcoin actually has use cases in real world. Being an actually usable elecrtronic currency and a store of value is far more than any altcoin will ever achieve. Bitcoin doesn't need innovation for the sake of innovation, or more like for the sake of dumping premine, because Bitcoin is already being used by real people.

digaran

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🖤😏

Let the faulty/ buggy/ garbage/ scam/ centralized/ coins do their thing with this web3, anyone wanting to use evm or whatever the hell that means, feel free to go and discuss it on alt/scam board.
You don't go cleaning gold with garbage, gold doesn't need cleaning, it's pure on it's own. We thrive to advance and move forward not to descend and go down.

larry_vw_1955

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Quote from: Dave1 on October 13, 2023, 10:40:09 PM

I guess someone has it's own motive behind to push this kind of narrative. But I guess Bitcoin is not going to bite. Of course there could be development in the background but I doubt that the devs are going to look at EVM.

Well yeah he's promoting something called Spiderchain:

https://medium.com/@anisinzom5/botanix-layer-2-1853a0356eb3

The Spiderchain has several advantages over other sidechain designs. First, it does not involve miners directly in consensus or use merge-mining in any of its variant forms. Second, it uses multisig and escrow bonds to create a second layer proof-of-stake system on top of Bitcoin. Third, it does not require any changes to Bitcoin in order to deploy.

Quote from: franky1

things to note
ethereums market just shadow traced bitcoin markets movements which shows ethereum does not have its own independent community/utility. ether clowns know they are dependant on bitcoin.
bitcoiners know that many bitcoin subnetwork bridges are crap. many failures many broken promises.
so now they want to join ethereums more successful subnetworks with bitcoin

however mainstreaming bitcoin does not and should not rely on one "solution"
being dependant on one solution usually is a pathway to centralisation of middleman control

so then that must mean you're a supporter of not only Spiderchain but also Bip-300 aka Drivechain. Multiple solutions, right?

Quote

the thing is, once you lock bitcoin into a complex multisig with a method to unlock under a condition. where participants can monitor and agree/disagree to sign an unlock in a clear way offchain.. anyone can then create any subnetwork they like.. and yes this includes web3 virtual services. they dont need to use ethereums set up. they can use their own method

that sounds alot like... lightning network! which is something that i believe you have not been a fan of in the past. would Spiderchain or Drivechain be a replacement for LN maybe? so you could get behind it Shocked

franky1

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Quote from: larry_vw_1955 on October 13, 2023, 10:25:53 PM

https://cointelegraph.com/news/bitcoin-needs-ethereum-evm-botanix-founder

Botanix Labs founder Willem Schroé argues a “huge amount of value” from real-world assets will be captured on Bitcoin, provided it connects to the Ethereum Virtual Machine.

Mainstream Bitcoin adoption won’t happen until it bridges to the Ethereum Virtual Machine (EVM) — the first point of entry for many real-world assets moving on-chain, a Web3 executive argues.

If that's true then it doesn't look for bitcoin. Might as well invest in ethereum...

things to note
ethereums market just shadow traced bitcoin markets movements which shows ethereum does not have its own independent community/utility. ether clowns know they are dependant on bitcoin.
bitcoiners know that many bitcoin subnetwork bridges are crap. many failures many broken promises.
so now they want to join ethereums more successful subnetworks with bitcoin

however mainstreaming bitcoin does not and should not rely on one "solution"
being dependant on one solution usually is a pathway to centralisation of middleman control

the thing is, once you lock bitcoin into a complex multisig with a method to unlock under a condition. where participants can monitor and agree/disagree to sign an unlock in a clear way offchain.. anyone can then create any subnetwork they like.. and yes this includes web3 virtual services. they dont need to use ethereums set up. they can use their own method

headingnorth

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NO SHITCOIN INSIDE

People who advocate for anything ethereum are beyond dumb.

Vitalik Buterin looks like a comic book villain and walking Halloween skeleton. Who in their right mind would trust this guy with their money??

Dave1

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Quote from: mk4 on October 13, 2023, 10:36:16 PM

Bitcoin is doing great in it's category — it definitely doesn't have to do everything. You want blockchain-ized RWA? Do it on other chains. Bitcoin's job is to just be simple(send and receive BTC) and just be secure and decentralized as hell, without any unnecessary bloat.

I do agree, Bitcoin is doing good as it is, no need to connect to Ethereum Virtual Machine or any other software or smart contracts. It is design by Satoshi already to be almost perfect. And we are on the brink of another bull run next year, so regardless, money is going to flow in the ecosystem for that matter.

I guess someone has it's own motive behind to push this kind of narrative. But I guess Bitcoin is not going to bite. Of course there could be development in the background but I doubt that the devs are going to look at EVM.

mk4

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Bitcoin is doing great in it's category — it definitely doesn't have to do everything. You want blockchain-ized RWA? Do it on other chains. Bitcoin's job is to just be simple(send and receive BTC) and just be secure and decentralized as hell, without any unnecessary bloat that could bring in problems.

larry_vw_1955

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https://cointelegraph.com/news/bitcoin-needs-ethereum-evm-botanix-founder

Botanix Labs founder Willem Schroé argues a “huge amount of value” from real-world assets will be captured on Bitcoin, provided it connects to the Ethereum Virtual Machine.

Mainstream Bitcoin adoption won’t happen until it bridges to the Ethereum Virtual Machine (EVM) — the first point of entry for many real-world assets moving on-chain, a Web3 executive argues.

If that's true then it doesn't look for bitcoin. Might as well invest in ethereum...

Topic: Bitcoin needs Ethereum VM to reach its full potential — Web3 exec - page 3. (Read 533 times)