I’ve spent the last 18 months building products in the Ethereum ecosystem.
Focus always wins, and my bet is that Lightening will be the next decentralized technology that breaks through to a broader audience.
Lightening is harder to use than Ethereum.
But… Bitcoin is an institution. And the purpose of Lightening is easy to communicate.
Contrast to the Ethereum ecosystem, which has many more competing ideas and interests, which will keep it fairly niche for the foreseeable future.
Glad to see you here Jeremy!
> Lightening is harder to use than Ethereum.
Why is that? Don't you feel, things like Wallet of Staoshi (& latest Phoenix) update makes it very easy to send and receive BTC on lighting.
> Contrast to the Ethereum ecosystem, which has many more competing ideas and interests, which will keep it fairly niche for the foreseeable future.
But don't you think as so many use cases can be built on Ethreuem, it has a better chance to not stay a niche. I mean if you create 100 different types of apps on A and 1 type of app on B then A has much better chance to have atleast 1 successful app.
- UX - invoices need to be abstracted away. Simple transfers are easier on EVM chains.
- adoption - i think the trade off with those thousands of apps / use cases is that they produce niche technology and UX solutions to that then require users to constantly learn new behaviours. Crypto adoption is stuck at 10% globally. Decentralized crypto app adoption stuck at 50m. I mostly think about payments, and am starting to believe that lightening is the only standard that can break through to mainstream adoption
