92 sats \ 1 reply \ @faithandcredit 11 Jul 2023 \ on: We are the co-founders of Atomic.Finance, AMA. (Non-custodial BTC yield) bitcoin
Why wont the things that are problem in ETH become a problem in BTC sooner or later? And dont you think the ETH roadmap has interesting things on it that makes it worth sticking to?
Great question!
I think Ethereum will have a hard time scaling. Since the state is all on-chain, it'll be increasingly difficult to scale over time. Not to mention that all the scaling solutions all have their own token, and don't interoperate with each other well.
Also, there seems to be increasing centralization concerns now that Ethereum is PoS.
The surface area of attack for Ethereum smart contracts will never be a problem for Bitcoin, since DLCs on-chain are simply a 2-of-2 multisig, so the surface area of attack is minuscule.
DLCs can scale using DLC Channels (basically a lightning channel for DLCs).
When we ask ourselves the question of what's going to be around in 20 to 30 years, I feel really confident in Bitcoin. Ethereum not so much.
We also wrote a blog post containing more of our reasoning as well: https://atomic.finance/blog/an-atomic-pivot/
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