The thread has little to do with smart contract tradeoffs, but rather, how likely is ETH to become SoV vs. BTC. Obviously there will be 3-4 smart contract platforms, each with it's own set of tradeoffs. The point is the doubt whether they can unseat BTC as defacto SoV.
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Replying to @MustStopMurad @fiebsy
I don't see why bitcoin will not be the dominant "smart contract" platform .
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Replying to @vega113t @MustStopMurad
What smart contracts can you program on top of Bitcoin right now?
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The Lightning Network is a system of smart contracts.
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Replying to @MustStopMurad @vega113t
Which is a very basic set of smart contracts. Just look at the difference between Poon's Plasma and Lightning to see how a platform designed for smart contracts makes a difference in what you can do. Bitcoin is great at what it sets out to do. Not the best for smart contracts.
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As an investor, I am looking for what captures value. SoV TAM is orders of magnitude bigger than Smart Contracts’ TAM. ETH has EOS, DFINITY, TEZOS, Cardano, NEO, RChain, Kadena, Zilliqa and many others coming after it. BTC has almost no competition. (maybe Privacy coins)
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Bitcoin is a store of value. Everything else is ALSO a store of value.
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absolutely not, in the long run there can only be a handful. Gold is 400x bigger than Silver, for a reason.
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So your argument is that Bitcoins very lack of utility and uselessness as a circulating currency makes it a superior SOV?
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Replying to @MuteDialog @MustStopMurad and
I counter with the argument that bitcoin is unsustainable. If it gets to gold like levels of market cap the energy consumption will be politically a huge issue.
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I think Bitcoin could consume 51% of the world’s electricity.
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