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by Anonobread 3770 days ago
Ironically, the only people who have made money on smart contracts - cough Ethereum - did it by convincing other investors to part with their money subsequent to selling those investors on the idea of smart contracts. That whole sub-niche industry is just a big cess pool of people chasing investment gains that we're told can be had by pointlessly tilting at windmills.

Conversely, Bitcoin never promised smart contracts. To the extent Bitcoiners take part in Ethereum debates, we're only doing it because we know the real game Ethereum is playing is diverting investment capital away from Bitcoin.

2 comments

> diverting investment capital away from Bitcoin

Even if that were true, that would necessarily be a bad thing in the interests of not putting all your eggs in one basket.

I take it you meant to word that as "wouldn't necessarily be a bad thing." As in, diversion would be good to avoid monoculture risks.
Very good answer.