Indeed, these are real issues but it is still the most efficient and decentralized networks. Solutions of layer 2 are still based on ETH ecosystem.
Competitors such as EOS, TRON, BSC or DOT have not reached such a high number of use cases and users (for now).
Would you just invest in BTC hoping for smart contract and ETH like capabilities in the future then ?
Thanks for your very interesting comments
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BTC already has smart contracts via discrete log contracts, it has DEFI via HODLHODLs multi-sig on the liquid network
It also has lightning pools where you can lend out liquidity which I’m more than happy with
Eveyeone is free to compete and place their bets all in saying is these projects have not convinced me and the risk involved is higher than people think