Ethereum developer David Hoffman recently tweeted to express his positive attitude towards Bitcoin transactions on the Ethereum blockchain: "Like Tether, BTC will eventually leave the Bitcoin blockchain and move to a more powerful settlement Layer. Bullish on BTC on Ethereum. "
However, this idea was quickly opposed by several members of the crypto community, including Eric Connor, an Ethereum developer. Connor believes that the true value of cryptocurrencies comes from their respective networks. In addition, Blockstream CEO and founder Adam Black was particularly dismissive of Hoffman's ideas. He replied: "BTC is the best (encrypted) 'functional settlement layer' and you should realize that ETH is still struggling with scalability, reliability and security."