full image - Repost: Stacks could be Bitcoin's next chapter. (from Reddit.com, Stacks could be Bitcoin's next chapter.)
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When you look at the thousands of projects out there, it always makes me wonder how do we really expect to use all these networks and keep them decentralized enough being so spread out? You will have many communities accepting certain coins, shaking their heads at other coins never to accept it. Yet, to pretty much out of all the people in these communities, Bitcoin has value; Bitcoin has their trust. There is no crypto as accepted as Bitcoin. And if any crypto are to succeed, so will bitcoin. It is part of international history with a growing communities all over the world that will start learning about various cryptos. Usually when learning any crypto though, it leads to learning about the one that started it all, Bitcoin. Bitcoin will always have the history advantage, so anything built on bitcoin is something I will always be looking at. Now we are seeing projects like Stacks working on bringing web3 capability to Bitcoin, but I believe there are others trying as well. Ethereum even has wrapped BTC, so I guess the important question to ask, why is Stacks looking more promising than the others?The most known and perhaps number one reason that Stacks stands out is its use of Bitcoin itself to save transactions that happen on Stacks, also known as Proof-of-Transfer. To me, Stacks seems more like a soft-fork (optional protocol to a network) to Bitcoin than another network, as Stacks does not work without Bitcoin. This is a very unique, new, and interesting consensus mechanism that very much makes stand out.sBTC is a big promise and reason as to why I'm in stacks. With sBTC, we basically can truly start using BTC in whatever ways the innovations allow us. Many other wrapped options don't seem as decentralized as sBTC apparently will be. And again simply the fact that its on the Bitcoin network itself gives it a major advantage to be used, with very few projects trying to do more on Bitcoin. This would basically unlock Bitcoin's liquidity to Stacks... Another notable fact is the regulatory approval of the Company that founded Stacks (Blockstack at the time) by the SEC themselves. The first to in fact. Not really something I really find too interesting personally, but I do know is very important for institutions and business that worry more about these things, which in turn I guess would be a benefit for everyone as well. perhaps even more beneficial than I knowMy favorite reason, and I think many others, on why I believe in Stacks is the innovating tokenomics it brings. Pretty much any crypto that allows staking, you just earn more of that same crypto adding more to an infinite supply. When you "stack" STX, you don't earn more STX like many other networks, you earn BTC; a decentralized way to actually earn the finite and most popular crypto; only 21 million BTC, only 1.8 billion STX. This is a whole new ay of staking crypto and I believe this will eventually intrigue many others when they hear they can passively earn Bitcoin in a decentralized manner. This isn't even considering what will eventually being built on Bitcoin using Stacks.In short, Stacks has definitely grabbed my attentions with its many unique qualities and I cant wait to see what Stacks can bring to Bitcoin when sBTC comes out. We already have some dapps and NFTs running, but sBTC will be massive game changer, just like earning BTC via defi. I'm going to keep stacking and earing sats, keeping an eye out on what these awesome devs bring for us. Thank you all working on Stacks, I would not be here if it wasn't for your hard work and brilliant ideas. :)
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