Does anyone care about EVM (any VM?) on Bitcoin? \ stacker news ~bitcoin

Yet another EVM environment launched yesterday: Botanix, aiming to bring Ethereum-like smart contracts to Bitcoin. It's not the first, following projects like Rootstock and BOB, and alongside exchanges already wrapping Bitcoin for their own chains.

Botanix is just one more in a sea of EVM-compatible environments, and frankly, it's unclear what unique value it brings to the table. In addition, Robinhood announced they would launch an EVM chain based on Arbitrum code for trading security tokens.

In all the years Rootstock has existed, I've never used it, or heard anyone use it. It's just something you see in a block header. Ive never met a Bitcoiner that could care about EVM on Bitcoin. Ive never met someone that says "I want put my Bitcoin in defi" -- take loans, yes, this is and has always been a killer use case (in the fiat age) for fixed emission assets. But I fail to see the use case for EVM on native bitcoin -- why do it? Have you used any kind of L2 beyond liquid and lightning?

Those that are not 100% maxi's and dabble with defi, etc, are more than happy to use whatever and where ever the money is. Ive personally used many blockchains in my time, and find the only thing that is relevant is liquidity. Most of the stables are sitting on Tron and Ethereum. JPMorganChase, the largest western bank, launched USD deposit tokens on Coinbases Base EVM blockchain last week.

What value does any of this add to Bitcoin?

My strong belief is that VMs on Bitcoin will fail to attract the critical mass of stablecoin liquidity needed for a self-sustaining ecosystem. It's a fundamental misallocation of resources, distracting from genuine enhancements to Bitcoin's native scripting and cryptographic advancements.

I also propose that it is a good thing that Vitalik didn't try to build EVM on Bitcoin. It is folly to try. If you want EVM, the other blockchains are that way ----> .

Bitcoin's killer use case is Bitcoin: a fixed emission, algorithmically scarce asset. The endless parade of stablecoins, tokens, swaps, AMM LPs, security tokens, and memes? Often, they're just scams for the gullible. If Turing-complete execution environments with 'rich statefulness' were the killer use case for blockchains, Bitcoin's dominance wouldn't stand at 64% / 9% in 2025.

Bitcoin is not a gamble, its a sure thing that and an escape from the politicians ctrl-p.

So, prove me wrong. Convince me why anyone should care about EVM, BitVM, or any other Turing-complete execution environment on Bitcoin. I'm waiting!

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10 sats \ 0 replies \ @hasherstacker 3 Jul

Bitcoin is better off as pure Bitcoin.

0 sats \ 1 reply \ @k00b 3 Jul

I haven't used one of these systems nor do I know anyone that uses them. I know for a fact that one of these EVM chains has 100+ employees. So either they are doing well and being used in ways none of us are aware of or they have so much bitcoin they keep all the employees as a kind of charity or as a hobby.

33 sats \ 0 replies \ @ZezzebbulTheMysterious OP 3 Jul

Absurd! Is this just another example of VC's with too much fiat? I just struggle to see the value in it. Yes, stablecoins are going to get real popular this year, but all i want to do is stack sacks.

In a few years will be look back, just like cycles before, at the magnitude of fiat burned seeking something, when buying the Bitcoin was always the better strategy?