Replying to Avatar Sovereign Matt

The only link between Stacks and Bitcoin is that Stacks uses the Bitcoin blockchain as a technology to secure consensus, and as a byproduct stacks has a Bitcoin blockchain oracle.

Stacks 2.0 native currency is STX, not Bitcoin.

As the intent of the Stacks developers is that people stack (lock for long periods) the STX token, it looks like the incentivized use case for STX is as a store-of-value, directly competing with Bitcoin.

In an event of confrontation between the Bitcoin community and the Stacks community, ***Bitcoin miners could censor Stacks PoX transactions***, leading to problems or a halt of Stacks consensus. Because of the lack of cross-chain incentives between Stacks and Bitcoin, Stacks is a Remorachain.

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chowcollection 2y ago

If it helps, I put together this list of 22 different Bitcoiners stating that Stacks is a shitcoin: https://x.com/chowcollection/status/1599826033921777665

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Sovereign Matt 2y ago

Clever putting all these together in a thread.

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