Finally. Surprised I haven't seen conversations about sidechains like Stacks and Sovryn(or maybe I just missed them).
A lot of people think that these sort of "smart contracts" are a fad and are totally unnecessary. Correct me if I'm wrong, but should people not care because these sidechains doesn't affect the decentralization and security of the main-chain anyway? If anything, these sidechains can bring more usage to Bitcoin, increasing miner revenue due to tx fees accrued from bridging back and forth. Shouldn't this be a net-positive for Bitcoin despite opinions on smart contracts?
A lot of people think that these sort of "smart contracts" are a fad and are totally unnecessary. Correct me if I'm wrong, but should people not care because these sidechains doesn't affect the decentralization and security of the main-chain anyway? If anything, these sidechains can bring more usage to Bitcoin, increasing miner revenue due to tx fees accrued from bridging back and forth. Shouldn't this be a net-positive for Bitcoin despite opinions on smart contracts?
It does seem like an overall positive for bitcoin for sure. However, I am struggling with how smart contracts may be a fad. The functionality and the use cases are far too strong for them to just disappear as if they never existed.
Aren't smart contracts intended to make bitcoin "smarter"? From what I understand, you are able to program smart contracts to do some pretty incredible things. Especially in the eyes of the institutions.
