reply on: The hacker house where 17 coders helped build the new bitcoin memecoin market \ stacker news ~bitcoin

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100 sats \ 0 replies \ @kepford 23 Apr \ on: The hacker house where 17 coders helped build the new bitcoin memecoin market bitcoin

I imagine Statements like these really confuse people.

For years, rival chains like ethereum and solana have competed with bitcoin on functionality because both have smart contracts natively built into the base chain.

Specifically "built into the base chain". It sounds like there is one blockchain they all use. Coupled with the use of "Blockchain" as a blanket term for shitcoins / crypto I wonder how many people think all these things are on bitcoin's blockchain.

developers around the world have flocked to these blockchains (ethereum and solana) to build applications.

How many devs are working on developing on these blockchains? I've never researched that. Does anyone know?

I have to say, this whole thing reads like the typical Silicon Valley startup stupidity. The only valid problem I see them mention that seems valid is the stable coin thing. But bitcoin is probably the worst option if you wanted to do a stable coin project. Why on earth would you want a stable coin on a slow decentralized network vs. a faster centralized one? We see this with Tether's evolution to Tron.

What is really going on is that there are a bunch of naive coders being used by a smart conman to build stuff he's pitched or is pitching to boomers with tons of money. I'm curious if we will see this crap get any traction as far as money goes.