Despite how great Bitcoin’s adoption over the years has been, a crypto founder has pointed out that one of the biggest challenges to Bitcoin’s adoption is Ethereum, due to the differences in utility.
Bitcoin’s Founder Claims Ethereum Is A Big Challenge
Built With Bitcoin Foundation’s Founder Ray Yossouf has deemed Ethereum to be a very big challenge in the adoption of Bitcoin. Yossouf said in a post on X (formerly Twitter) in response to an argument on drivechains.
Ray’s tweet was directed at a post shared by Pierre Rochard concerning the conversation held between researcher Timoleon Moraitis and Ethereum founder Vitalik Buterin about his lack of interest in Drivechains.
Drivechains usually enable the Bitcoin network to generate, remove, transmit, and accept BTC around secondary chains called sidechains. However, Ethereum’s founder has not been receptive to the idea.
Yossouf took this opportunity to share his opinion on the argument, saying that “ETH has been the biggest block against Bitcoin adoption.” Furthermore, the founder also used this as a way to push his application, civkit, which is supposed to establish a censorship-resistant and permissionless peer-to-peer (P2P) electronic market.
“At first, I saw utility we could copy but the negatives far out weigh any positives. #civkit will replicate what is needed on ultra sound honest money and leave the rest for the scammers,” Yossouf said.
BTC price remains highly volatile | Source: BTCUSD on Tradingview.com
Vitalik Claims Bitcoin Is The Reason For Its Adoption Setback
In response to allegations that Ethereum hinders Bitcoin’s adoption, Vitalik fired back that Bitcoin needs to do more than just accept payments and really needs to address its scaling limitations.
He explained that there are more lessons to be learned from Ethereum compared to Bitco
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Author: Scott Matherson