Aug 27, 2017 · 1 min read
Not opinion, fact. Bitcoin also has contracts, but deliberately *not* Turing complete because security reasons and smaller attack surface. Still, of *course* it has “multiple currency” use case.
ICOs are nothing new (even before Satoshi there were token-based systems), the first one based on Bitcoin was called Mastercoin.
Most Bitcoin-based tokens use an extension called Counterparty, among which there are very popular ones like the “Rare Pepe” trading cards.
This platform is just not as easy to use as script-kiddie compatible ERC20.
Turing-complete extensions for Bitcoin are in development also (RSK, MAST), but it will be a layered approach, which is much wiser.
