I remember Counterparty (XCP) tried something like this a long time ago. Not full blown smart contracts, but things like asset creation (tokens) and decentralized exchanges like on Ethereum.
Anyway at the time they received a lot of pushback from some Bitcoin core devs and some threatened to block them over their use of OP_RETURN. Wonder how sustainable Stacks approach is in comparison? Don't know if it works the same way at all - but assuming they write some data to the BTC chain to ensure validity, etc.
I'm mainly curious if the BTC core devs still are apprehensive towards these Layer 2 projects. It is one of the reasons why I thought smart contracts on BTC were a dead end, and why I ultimately sold a bunch of BTC for ETH years ago.
Anyway at the time they received a lot of pushback from some Bitcoin core devs and some threatened to block them over their use of OP_RETURN. Wonder how sustainable Stacks approach is in comparison? Don't know if it works the same way at all - but assuming they write some data to the BTC chain to ensure validity, etc.
You can read some of the drama here - https://www.reddit.com/r/btc/comments/80ycim/a_few_months_af...
I'm mainly curious if the BTC core devs still are apprehensive towards these Layer 2 projects. It is one of the reasons why I thought smart contracts on BTC were a dead end, and why I ultimately sold a bunch of BTC for ETH years ago.