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A comment on Vitalik escalates ETH 2.0 merge as miners plan a 51% attack. Parent comment

Re:Vitalik escalates ETH 2.0 merge as miners plan a 51% attack by bhjgh777 on Friday March 12, 2021 @07:30PM (#26442683)
The EVM is a natural extension of bitcoin's scripting system. Here's the original Ethereum whitepaper, Vitalik cites all sorts of pre-Ethereum work:

https://github.com/ethereum/wiki/blob/old-before-deleting-al...

There were tokens (Colored Coins) and Dexs (Omni) running on Bitcoin before ETH was launched.

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Re:Vitalik escalates ETH 2.0 merge as miners plan a 51% attack by chrisco255 on Saturday March 13, 2021 @01:33AM (#26444523)
Omni is a completely different blockchain than BTC. That's what powers the Tether network. It's far from decentralized though. It's a cartel of exchanges that operate the network.

Colored coins were a neat idea but completely impractical in practice. Hence, why they never took off. Bitcoin script is far too limiting to build expansive applications on.

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Re:Vitalik escalates ETH 2.0 merge as miners plan a 51% attack by bhjgh777 on Saturday March 13, 2021 @09:00AM (#26446608)
>Omni is a completely different blockchain than BTC.

This is plain false. It says so in big letters, right at the top of their website:

https://www.omnilayer.org/

>That's what powers the Tether network.

Tether has issued tokens on the Omni protocol, Ethereum, and other networks. The blockchains and amounts are listed here:

https://wallet.tether.to/transparency

>Bitcoin script is far too limiting to build expansive applications on.

My original point was that weak smart contract features on Bitcoin motivated Ethereum's creation (Vitalik's name is on the Colored Coins whitepaper). This is in contrast to GGP's proposition that Ethereum had underrated novelty.

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