[Peter Todd: EOS Is Terrible, Bitcoin Probably Most Successful Smart Contracts Platform]

in #eos6 years ago

During the 2019 MIT Bitcoin Expo over the weekend, applied cryptography consultant Peter Todd was asked to share his thoughts on the new wave of more permissioned smart contracting platforms such as EOS.
"I think nearly all of them are terrible with atrocious technology that makes no sense," Todd responded bluntly.
Todd noted that the problem with these sorts of platforms is they're trying to build a system for smart contracts by throwing everything onto the blockchain, which isn't scalable.
"In production, Bitcoin is probably the most successful smart contract platform because it's very simple - because it relies on doing very simple things very clearly that actually work," said Todd.
https://bi.city/s/gyz3p1

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I'd also add that the current value of bitcoin is a tremendous asset for securing the chain.

I think it depends on the LN networks success