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The Brief for October 12, 2020
Hello! I just wanted to pass along a quick article and podcast for your enjoyment.
Hype of the Week #7: Is DeFi moving to Bitcoin?
Bottom line: citing high gas fees, ETH 2.0 uncertainty, lack of consensus on scaling options, some developers stopped working on ETH. They’re going to focus exclusively on bitcoin-based financial products.
My take: don’t sleep on the king. Bitcoin is still king.
Why we care: because ETH-based DeFi projects are the most popular and best developed, but you can do DeFi with other blockchains.
Also, if you have some free time, listen to Laura Shin’s interview with Andreas Antonopoulis and Dan Held on the Unchained podcast.
Two big, well-known crypto guys chatting about, you know, stuff.
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Relax and enjoy the ride!