“bitcoin is not crypto” needs analysis: this is a very important topic for the bitcoin community. we want to clearly separate from the gambling, risky, “scammy”, and inflationary aspects of other digital assets. bitcoin is unique and different as the store-of-value with durable rules (21M supply) and a truly decentralized community. however, bitcoin should also have a strong on-chain and decentralized economy. the “crypto” chains today are, frankly, better at decentralized economy (Aave for lending, Uniswap for trading, bulk of stables issued on alt-chains) than bitcoin. so they must be doing *something* right. something that the bitcoin tech and ecosystem currently lacks. some limitations of existing systems like lightning, RGB, fedimint etc where they are not gaining market adoption even remotely comparable to “crypto” chains. free markets are the best judge. i’d love to see a world where BTC the unique asset is also the default “internet money”. where bitcoin (through trust-minimized L2s) has privacy (shielded addresses), a thriving on-chain BTC economy (lending, trading), is the settlement layer for major stables and RWAs etc. for this to happen, we the bitcoin community, need to show some humility and ask the hard questions that: (a) what is currently missing from bitcoin tech (trustless bridges, right incentives for L2s/sidechains, others?) (b) what lessons can we learn from “crypto”, which despite its flaws has shown remarkable developer adoption and an active on-chain economy (which is more decentralized than web2 companies). let’s build a bitcoin on-chain economy worthy of BTC the king of digital assets👑

@muneeb Considerate response