Most DeFi protocols cannot compete with Bitcoin in terms of an efficient monetary network due to its lack of decentralization. This was stated by the former director of strategy at Blockstream Samson Moe.

According to him, DeFi project teams have the right to change the protocol at any time.

“At a fundamental level, money should not change. “If you can make changes whenever you want, it’s no better than a central bank-managed fiat currency,” Moe said.

The expert believes that the decentralized nature of bitcoin does not allow the protocol to be easily changed, making the first cryptocurrency a top candidate for the role of a global monetary system.

He noted that despite the unchanging foundation of digital gold, dapps developers can use second-level scaling solutions.

Moe is a strong supporter of the Bitcoin Lightning Network (LN) micropayments network. Technology allows you to make fast and inexpensive transactions.

“Lightning will replace Visa, Mastercard and everything else. This will reduce costs for vendors, which means better service and savings for consumers,” says Moe.

He stated in November 2021 that the LN “allows bitcoin to be a planetary decentralized medium of exchange”.

Recall that JAN3, a startup founded by Moe in April, raised $21 million at a valuation of $100 million.