0 sats \ 3 replies \ @0xbitcoiner 22 Feb \ parent \ on: Bitvm Crash Course by supertestnet - learn to build on bitvm through tic tac toe bitcoin
simple is better.
I am very excited about bitvm, I am confident that it will solve the problem of scaling bitcoin once and for all. Do you believe that this is the ultimate solution to this problem? Congratulations and thank you for your work.
I am very excited about bitvm... Congratulations and thank you for your work
You're welcome and thank you! I am excited too :D
Do you believe that this is the ultimate solution to this problem?
No. I think bitvm can improve the world by improving sidechains, and I hope some people find use for them, but I doubt it will be a large number of people. IMO the sidechains we have today are pretty good and yet no one seems to use them. I suspect that is because most bitcoiners are indifferent about using bitcoin for day to day transactions, they see it mainly as a savings vehicle, which it works fine as, without needing any sidechains.
Saving money is, imo, bitcoin's most important use case, so that's understandable, but I don't personally see how these things will change: the number of people who want to spend their bitcoins on a day to day basis is tiny and shrinking, and no one else seems to care. I don't see how such low demand for scaling solutions can support the effort to create and maintain them. And even if a solution is found that makes bitcoin scalable, I don't think that tiny number of people will turn into a large group. I think their numbers are shrinking because they are satisfied by alternative payment methods, and almost no one will be upset if bitcoin ends up as "just" a savings tool.
(Obviously, those of us here on stacker news are among those who want to use bitcoin for more things. But we're not a very significant number of people, and I suspect we're in a shrinking crowd.)