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Bitcoin and DeFi are Symbiotic

Oct 21, 2020 · 8 min read

By Jose Maria Macedo

Bitcoin’s strong recent performance has sucked the air out of much of the altcoin market and brought tensions back to the fore between “Bitcoiners” and so-called “Altcoiners”. As someone who is #irresponsiblylong both BTC and DeFi, I find it hard to understand the constant competitiveness and bickering between these two communities. While tension between ETH and BTC communities is understandable given they are both Layer 1 assets competing to become non-sovereign stores of value, tensions between DeFi evangelists and Bitcoiners are misguided as DeFi is, in my opinion, entirely complementary to Bitcoin rather than competitive

While it’s fair to criticise flaws in the current incarnation of DeFi, decentralised finance as a concept is key to the success of Bitcoin and to the vi

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