Anon on Nostr: I have a slightly different take on ETH. As a Bitcoin maximalist, ETH's use cases are ...
I have a slightly different take on ETH. As a Bitcoin maximalist, ETH's use cases are of absolutely no value to me. All use cases, that is, except one: It acts as a magnet for scams and other worthless projects, keeping them out of the Bitcoin ecosystem.
One of the Bitcoin (core) dev's biggest blunders in my opinion was allowing that ridiculous ETH-like ordinals "feature," which allowed scammers to embed monkey pictures and other garbage on-chain. Fees spiked to 500 sats/vbyte, essentially crowding out all legitimate use.
The problem was temporary, but it never should've happened at all. Monkey pictures should be ETH's wheelhouse exclusively. ETH's role, though perhaps unintended, is to siphon off all this toxic waste and keep it away from Bitcoin. ETH therefore does have a purpose, and I think it's an important one, despite the fact that I'll never own any of that garbage.
One of the Bitcoin (core) dev's biggest blunders in my opinion was allowing that ridiculous ETH-like ordinals "feature," which allowed scammers to embed monkey pictures and other garbage on-chain. Fees spiked to 500 sats/vbyte, essentially crowding out all legitimate use.
The problem was temporary, but it never should've happened at all. Monkey pictures should be ETH's wheelhouse exclusively. ETH's role, though perhaps unintended, is to siphon off all this toxic waste and keep it away from Bitcoin. ETH therefore does have a purpose, and I think it's an important one, despite the fact that I'll never own any of that garbage.