Does Botanix’s failure prove Bitcoiners don’t care about DeFi?
The failure of Botanix suggests that Bitcoiners still prefer Ethereum DeFi to Bitcoin L2s. How can Bitcoin L2s change to win hodlers over?
For the past two cycles, Bitcoin DeFi has lived more as a promise than a category.
Programmable Bitcoin has remained a vision held by a certain breed of Bitcoin maxi who believes that the world’s largest cryptocurrency can become productive without losing its security or sound money qualities.
Yet the closure of Bitcoin scaling platform Botanix earlier this month has called that vision into question.