Alisia Painter discusses the evolution of decentralized finance (DeFi), highlighting Ethereum's vital role in its development. However, she questions whether Ethereum is the best platform for future financial innovations, suggesting that Bitcoin could be a stronger foundation for onchain finance due to its stability, security, and superior liquidity. While Ethereum has enabled numerous DeFi projects through its programmability, it has also faced significant vulnerabilities and scalability issues, exemplified by high-profile hacks and soaring gas fees. In contrast, Bitcoin's conservative development philosophy and robust infrastructure provide a trustworthy base for financial applications. Painter argues for building DeFi capabilities directly on Bitcoin to leverage its security and liquidity, suggesting that the future of finance will thrive not because of Ethereum's shortcomings but because Bitcoin meets the demands of a secure and inclusive financial system.

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