Are Stacks something we don’t talk about here? How about Ordinals?
#asknostr
Discussion
There’s no rules here, you can talk about whatever you want 🤙
I initially liked and was rooting for stacks and even created some art on it, but later found out their NFTs have poor longevity similar to eth (gaia is kind of like ipfs to my nontechnical read), which I don’t like. Ordinals and stamps came along which are much more resistant to data loss. I’m not 100% against NFTs being off chain though, that will probably make sense for some uses, just not art I care about.
IMO despite being careful legally at the start, they have fumbled interacting with the new pro crypto admin to gain a political edge over competitors like solana, which is faster and gaining more users. If you hang out on gamma.io it’s a complete ghost town.
I don’t think web 3 / crypto consumers (if they ever exist in the future) will care about bitcoin-level security or decentralization, so I don’t see their edge, realistically, even though the leather wallet is great, and the tech works well. Still, it’s early for that market, so they could be a dark horse in the race.
Thank you — this is one of the most thoughtful and objective insights I’ve read here.
Agree on a lot of accounts. I think outside of a few cases pertaining to RWAs, people won’t care too much about BTC level security for them. As an enthusiast, I do like generative art on Ordinals and wish Art Blocks would start experimenting there.
I only have a basic understanding of Stacks so your explanation helps and makes sense. I think at this point the Ethereum network has enough network effects and liquidity that I’m not sure if there is a need for it on a Bitcoin layer…but who knows? Kind of hope I’m wrong, lol.
There’s a lot going on in the smart contract blockchain competition right now, including EVM bitcoin L2s and pretty much everything wants a touchpoint with the bitcoin ledger (because hey, liquidity). I have no idea who will take the most market share but I suspect the US government will tip the scales by choosing certain L1s for its own activity. Also, consumers might jump onto that chain or boost the success of another— but it will require a consumer friendly app (or hardware) to take off.
#Nostr is showing you don’t need a new token for interesting consumer apps— may be the beginning of a trend or more niche, time will tell.
There’s EVM Bitcoin L2s?? Tell me more
I think nostr:npub1s7uvsn0ku29gutma9tw43m5gpwuc8y3qwapzy5pnu5jtllpgcucsyvfwc4 might be one. I don’t follow the space closely but I’m pretty sure I’ve come across others… spiderchain? I don’t know, whole space is a mess 😂
I’ll research some more — very interesting!
