What do you consider a "smart contract" to be?
Discussion
all scripting is the building blocks for SCs
a time lock is a SC
multisig is arguably a SC
any condition you can put on a spend beyond "matches this pub key" is technically a SC
Yes, nostr:nprofile1qqs0npwnpyvheqz7zuvuwvv9k460c0hyqlturds40hhfn34vufvehwcpzpmhxue69uhkummnw3ezuamfdejsz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcmgqwgm already gave better examples I could have. Liquid, which seems to be an L2 that's generally accepted by Bitcoin purists because of the famous OGs involved with it, is applying smart contracts already. And they are building lending and borrowing functionality right now, which also requires smart contracts.
Liquid is not generally accepted, it’s federalisticaly accepted.
It’s a bitcoin peg no different than wrapped bitcoin on ETH.
The sidechain has different consensus mechanisms and different centralized authorities making forks, its not based on proof-of-work.
Yes, probably right. But it's another example of a team trying to bring missing functionality that the market demands to Bitcoin with as little compromises as possible.
Another attempt is Rootstock, which brings smart contracts and partly solves your 'no proof-of-work' counter argument by being 60% merge-mined with Bitcoin. But it uses r-BTC with all its security bridging risks.
There's no point of morally demonizing these attempts before they are perfected. We can only learn in the process.
To each their own, there thousands of options trying to bring “missing functionality” to Bitcoin, it called crypto, bridges are fragile and bridges break, I use lightning and cashu so I can’t say much.
I think the best way to say it is to just post nostr:npub12qz56plzehejkyp4waaannmnny4y4c30j8q55a3wlk49haslga2snypdx8's Bitcoin Takeover podcast and let you decide for yourself. https://www.youtube.com/live/1mLey8XsMBg
The real take-over attempt and threat for Bitcoin is keeping Bitcoin stale as an asset and have mostly centralized Bitcoin derivatives circulate in the market. This is what Michael Saylor supports currently.
In my view, decentralized finance on the Bitcoin network, Nostr, local Bitcoin economies ... everything that makes Bitcoin useful and flow, that enhances people's financial freedom, while keeping Bitcoin's secure and decentralized qualities, is what keeps the freedom future of Bitcoin alive.
The main take away I got from this pod hinges on everyone's reliance on Bitcoin Core, and to a smaller extent Knots. We need 100 different Libbitcoin interfaces with the network. Eric is a very knowledgeable guy and his work is invaluable. So heed the warning, SINGLE POINTS OF FAILURE are bad. Everyone looking at robust layer 2 solutions (scaling money is not a compsci reference) might want to check their Presuppositions about a robust layer 1.
Regardless there's no point in convincing people to use one money or another, the results speak way clearer and louder than roadmaps and function adds. If Bitcoin was worthless no one would waste their energy making them, or trading for them, or using them. So, that on its face isn't true. From that framework there are still a multitude of possibilities.
People can do whatever they want.
Demand is all okay, but demand ≠ signal that it's good for Bitcoin.
Beyond good and evil.
You're stuck in a weird binary frame it seems.
My man, we are striving for financial freedom here. And I'm really tired of false Bitcoin maximalism morality.
What are you on about?
Did I grandstand on morality?
You have no idea what any of the things you're talking about entail to implement on the Bitcoin network.
Your act might work to garner likes or zaps but it's not Bitcoin maximalism that's sitting here pretending to understand what big changes to Bitcoin that you're alluding to entails.
Then watch that podcast to find out. Or just leave it be. On Nostr for likes and engagement, you must be joking 😄
Just admit you're in above your skis and move on.
I'm sharing what I learned over the years and what proved to be useful. That's it. I don't need to be Satoshi in order to use Bitcoin. Now, you can tell me that you disagree and equally move on.
We're sitting here at 2sats/vb & Bitcoin is trucking along.
Shit just this year BitAxe got some real traction in Open Source mining development.
Braiins just announced a successful Asic chip competitor to Bitmain.
Layers outside of main chain have seen massive developments.
This is all great 👍.
Exactly my point, it's all quite amazing! I'm looking forward to running a BitAxe off-grid here myself etc. Now, I also applaud initiatives that help make Bitcoin be used for everyday life and move freely. Because what I experienced in Europe over the last months is that I'm less and less 'allowed' to use Bitcoin freely in a still very much alive fiat world.