Smart contracts on Bitcoin...Are they worth it?

[buwaytress]

Generally agree with DaveF and others -- it's going to be great short term but for permanent users, probably not much value on top of what it's already useful for.

I would say I've been waiting years for a no-brainer user smart contract to enforce escrow or even time-locked release. Something I believe RSK was supposed to work on even back in 2017. But I guess there isn't as much demand as I'd have thought.

[Abiky]

You cannot prevent anyone from abusing the use of the space available in the blockchain, but given that this space is driven and not free, I do not think that Bitcoin sidechain will be just as cheap as in Ethereum, all enthusiasm for these projects is a waste of time unless the fees are much cheaper than the Ethereum, which may not happen soon .
This reminds me of OMNI layer, which has become most of wallets does not support USDT OMNI layer.

Smart contracts on Bitcoin are a "fun experiment". But they won't be going anywhere, because there are other platforms out there (particularly Ethereum) with an established ecosystem of dApps, tokens, and services. Why "reinvent the wheel", when you can already use an alternative blockchain network for the deployment and execution of decentralized applications? People want to make money these days, so they will choose the platform with the most tokens for speculative purposes (that would be Ethereum). It's this reason why RSK and Stacks aren't very popular these days.

At least, the idea is there. Who knows what the future holds for Bitcoin? Just my thoughts

[panganib999]

Bitcoin is not necessarily known for its functionality and versatility. It's awesome at 2 things and nothing else. To implement smart contracts in the network shouldn't warrant any negative side effects or whatever since after all, smart contracts do nothing but what they are told to do and nothing else. But in my opinion, since there's nothing much to work with anyway, I don't see any "massive benefit" so to speak that the implementation of smart contracts could offer to the table. Best is it could automate most of the processes within the network but bitcoin is already automatic as it is and I don't see any more need for it to be more automated lol. It could also bring in more people who could build within the bitcoin network but with what happened with Ordinals, it's plain to see that bitcoin's not really that awesome when it comes to fathering crypto projects.