Ethereum became big because of things built *using* its smart contract capabilities. Past a particular point, protocol development seems to offer only diminishing returns.
‘Don't go chasing waterfalls...’ ..is it worth *competing* with ETH on this? ETH cannot compete [currently] with BCH on micropayments. Play to our strengths...?
..besides, there’s a limit to what smart contract capability can achieve without compromising speed. Might not a layer 2/side chain achieve more (than even ETH) in this regard?
I'm actually thinking about a layer 2 for smart contracts which doesn't require protocol change. It's a very interesting idea but too expensive to implement here.
Yes you have good points. I think about it a lot that what are BCH strengths that can amplify users utility more than just payment. I think SLP and NFTs are the answer.
But BCH protocol limit possibilities a lot. Many ideas which leads to community votes doing something (managing the supply, algo, etc) are kinda impossible.
On a side note, i seem to remember we debated something similar here a year ago, except from opposite positions. Mine was 'BCH needs to pursue this [smart tokenisation etc]' and yours
Hahaha was it? I think it was before DeFi change my mind. I just think if you can't compete with that you will be removed. People put their money were highest utility is.