Bitortoise and Ethare?

Bitortoise and Ethare?

By jer979!! | www.publish0x.com/jer979 | 26 Jul 2021


tl;dr: Late and slow to the game, here comes DeFi on Bitcoin

There’s no doubt that Ethereum has shot out of the gate at a torrid pace when it comes to DeFi. Bitcoin, by comparison, seemed like it was standing still.

I mean, it wasn’t even really a comparison.

But, the other day, when I saw two tweets, one from Jack Dorsey of Twitter/Square and one from Muneeb Ali of Stacks, I was reminded of the parable of the tortoise and the hare.

and, of course, the RSK team has been building DeFi on Bitcoin for a while now.

Now I’m not saying that the Ethereum community is going to go to sleep on DeFi, but it is possible at some point (Eth 2.0 migration/upgrade?) that it will slow down.

Meanwhile, Bitcoin, every 10 minutes, continues to just chug along, slowly, steadily, and with confident conviction.

I haven’t spent any time on Stacks or RSK recently, though I know and admire the founders of both, instead focusing on Eth, Polkadot, Solana, Kusama, and Radix.

But maybe it’s time.

How do you rate this article?

0



www.publish0x.com/jer979
www.publish0x.com/jer979

Explorations of the emerging crypto-economic models and their potential implications

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.