In the early days of Bitcoin, the vision of creating a decentralized form of money and finance was embraced by many enthusiasts. However, as the industry evolved, there was a divergence in opinions on how to achieve this vision. While Bitcoin laid the groundwork for decentralized finance, various other projects such as stablecoins and NFTs also emerged, each with its own approach.
Despite these innovations, there was a noticeable shift in the Bitcoin community towards discouraging and criticizing projects that deviated from the core mission of the cryptocurrency. Experimental projects like Satoshi Dice and Ordinals faced backlash for potentially distracting or polluting the Bitcoin ecosystem.
As a result, the decentralized finance industry that could have flourished on the Bitcoin network gradually migrated to other public blockchains. This shift led to a fragmentation of resources, with developers, users, and capital moving away from Bitcoin towards alternative platforms.
