Does Bitcoin Have Smart Contracts?

Learn to run a Bitcoin full node:
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In this video, I discuss the design choices made by Bitcoin and Ethereum when it comes to smart contracts, and the impact of those choices on the protocol's security and decentralization.

By choosing to do so much at the base layer, Ethereum doomed itself to blockchain bloat and the outsourcing of node running, thus hurting its decentralization and neutrality.

By contrast, Bitcoin keeps the base layer simple and non-bloated, which helps to make it more decentralized than Ethereum, as well as creating a much smaller attack surface.

With the creation of BitVM, Bitcoin may have managed to have its cake and eat it too: keeping the base layer simple, while still allowing Turing complete computation at a higher layer.

Not investment advice! Consult a financial advisor.

Search my videos on YouTube:
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BitVM:
https://www.nobsbitcoin.com/bitvm-com...

Altcoiners like to fund Bitcoin FUD:
https://www.bloomberg.com/news/articl...
https://twitter.com/realcryptojuice/s...

Google Introduces Cloud-Based Blockchain Node Service for Ethereum:
https://www.coindesk.com/tech/2022/10...

The Joe Lubin/Infura/Consensys/Metamask hairball:
https://www.infura.io/
https://en.wikipedia.org/wiki/Consensys
https://en.wikipedia.org/wiki/Joseph_...)
https://en.wikipedia.org/wiki/MetaMask

Ethereum’s Infura-iating Outage Revives Decentralization Concerns:
https://coinmarketcap.com/academy/art...

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#Ethereum
#smartcontracts

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