Topic: Smart contracts on Bitcoin...Are they worth it? - page 2. (Read 260 times)
I am kinda in a neutral side, I mean I don't think it's a bad idea, it will definitely attract more adopter for Bitcoin, but I don't think it's necessary either. We already have many smart contract platform, Ethereum, Binance Smart-Chain, Cardano, that's only 3 among many others, the smart-contract market is too crowded, Bitcoin doesn't need to jump into that. Just be a cryptocurrency is enough I think.
IMO, probably not much change in the long term in the use of BTC
Short term when they 1st really become popular and people discuss it as the next big thing, yes there will be a big bump as yet again everyone interprets it as the new Magical Internet Money Machine.
As time goes on and it becomes evident that it's just another part of the evolution of BTC then it will become just another thing that you can do with BTC and just become accepted as part of it.
So, yes the more you can do with BTC the better it is, so smart contracts are worth it from that view.
-Dave
Short term when they 1st really become popular and people discuss it as the next big thing, yes there will be a big bump as yet again everyone interprets it as the new Magical Internet Money Machine.
As time goes on and it becomes evident that it's just another part of the evolution of BTC then it will become just another thing that you can do with BTC and just become accepted as part of it.
So, yes the more you can do with BTC the better it is, so smart contracts are worth it from that view.
-Dave
I've seen this new movement of adding smart contracts functionality to Bitcoin using sidechains. Ever since Taproot was implemented, developers have been working heavily on this. We now have Rootstock (RSK), and Stacks as sidechains which provide smart contracts functionality to BTC. This could be game-changer as it'll make Bitcoin similar to Ethereum in every way. But even better because of the BTC blockchain's higher level of security. Sometimes I wonder if smart contracts are even necessary on Bitcoin, since we already have a plethora of smart contract platforms with their own use cases (Ethereum, BSC, Cardano, Cosmos, etc). Bitcoin was meant to be used only for financial applications. Adding smart contracts would complicate things even more, opening the path for vulnerabilities/flaws and whatnot.
What do you think? Is it a good idea for Bitcoin to have smart contract features? If not, why? Your input will be greatly appreciated. Thank you very much.
What do you think? Is it a good idea for Bitcoin to have smart contract features? If not, why? Your input will be greatly appreciated. Thank you very much.
Jump to: