{"id":161190,"date":"2024-02-05T12:11:18","date_gmt":"2024-02-05T12:11:18","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=161190"},"modified":"2024-02-05T12:20:37","modified_gmt":"2024-02-05T12:20:37","slug":"charles-hoskinson-takes-on-bitcoins-l2-future-at-satoshi-roundtable-insanity-or-innovation","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/charles-hoskinson-takes-on-bitcoins-l2-future-at-satoshi-roundtable-insanity-or-innovation\/","title":{"rendered":"Charles Hoskinson Takes on Bitcoin’s L2 Future at Satoshi Roundtable – Insanity or Innovation?"},"content":{"rendered":"
TL;DR<\/p>\n
In a recent exchange of opinions on the X platform, a debate unfolded between Charles Hoskinson, founder of Cardano, and Muneeb Ali, co-founder of Stacks, <\/strong>a project focused on enabling smart contracts on the BTC network. The discussion focused on the potential and limitations of Bitcoin’s<\/a> Layer 2 (L2) innovations<\/strong>, especially when compared to networks like Cardano and Ethereum.<\/p>\n Muneeb Ali began by sharing his impressions from the Satoshi Round Table event in Dubai, highlighting the activity around BTC L2 projects. Ali expressed enthusiasm, mentioning that the Bitcoin L2 session was the most attended<\/strong>, with five L2 projects participating. Additionally, he emphasized the importance of BitVM<\/strong>, a technology facilitating decentralized movement of BTC towards L2 solutions.<\/p>\n Having been around for more than ten years, I have seen this narrative thrice. It follows the halving.<\/p>\n Every L2 venture will learn that it's impossible because Bitcoin cannot change enough to support the things required for a vibrant L2 environment. Both Ethereum and Cardano\u2026 https:\/\/t.co\/56jbfCax4U<\/a><\/p>\n — Charles Hoskinson (@IOHK_Charles) February 4, 2024<\/a><\/p><\/blockquote>\n\n