Bitcoin vs Cardano and Ethereum

In a recent online discussion, Charles Hoskinson, the creator of Cardano, and Muneeb Ali, co-founder of Stacks, talked about Bitcoin's ability to support advanced projects like smart contracts, comparing it to Cardano and Ethereum.

Muneeb Ali shared his thoughts from a big crypto meeting in Dubai. He was excited about new Bitcoin projects, mentioning a tool called BitVM that could make Bitcoin even more powerful. Ali believes that with BitVM, Bitcoin's value in the market could grow a lot because it can do more things.

However, Charles Hoskinson disagreed, pointing out that Bitcoin has some limits. He said that even though people have tried to add new features to Bitcoin over the years, it's hard because Bitcoin doesn't change easily. Hoskinson mentioned that Cardano and Ethereum are always updating to allow for more possibilities, something he finds lacking in Bitcoin.

Ali tried to explain that BitVM could solve these issues without needing to change Bitcoin itself. Everything new could be added on top, allowing for more updates. Hoskinson responded by saying that moving value into and out of these new projects, and keeping them secure, remains a challenge. He worries that relying too much on certain systems could go against Bitcoin's aim to be open and not controlled by one group.

The discussion between Hoskinson and Ali shows there's a lot of interest in making Bitcoin do more, but there are different opinions on how this can be achieved. As the crypto world watches, it's clear that innovations like BitVM are trying to push boundaries, but leaders like Hoskinson are cautious about changing the core of what makes Bitcoin unique. At the end of the day, Cardano (ADA) is trading at $0.4969, showing that the crypto market is always moving and evolving.