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41 sats \ 4 replies \ @yfaming 16 Jan \ on: The Future Of Bitcoin Lending? bitcoin
Is it possible for Bitcoin to develop an L2 that supports Turing-complete smart contracts, enabling the creation of various DeFi applications on top of it, such as DEXs and loan platforms?
I'm quite curious about what Bitcoin Maxis think of this kind of L2. Do they support it or oppose it?
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41 sats \ 1 reply \ @Alice_and_the_Wonderland 16 Jan
Turing-complete smart contracts, enabling the creation of various DeFi applications on top of it
imo, very negative. extremely negative. It only ends up creating massive attack surfaces, unnecessary complexity, and systemic risks that undermine the core value proposition of sound money. simple, reliable Bitcoin script is all you need for secure value transfer - anything more complex just introduces vulnerabilities.
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0 sats \ 0 replies \ @yfaming 16 Jan
Got your point. As a coder I always want more powerful language. But Bitcoin does has its philosophy.
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0 sats \ 1 reply \ @SwapMarket 16 Jan
Google Liquid's Simplicity smart contracts that should avoid all the problems of Ethereum's Solidity.
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0 sats \ 0 replies \ @yfaming 16 Jan
Thanks! I know nothing about Liquid Network. Will take a look!
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