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Stacks is secured by Bitcoin and is a solid layer 2 to build upon when Bitcoin is worth over $1 million a coin.

On-chain transactions are going to be crazy expensive and lightning will likely not accommodate everyone and what they want to do with their money.

I believe that Bitcoin is the best money ever created but we also need to be honest with ourselves about fees in the future. Not advocating for ethereum etc but as a Bitcoiner I believe Stacks is solid. It has many use cases that are attractive. Something to consider. #bitcoin #Stacks

https://bitcoin.21milbtc.blog/posts/GKpAhA4jqeJcCP_HdlALe

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Discussion

🍊🐝 2y ago

Stacks is complete trash 🗑️. I would much rather use Liquid 💧.

BTCrevolutionary 2y ago

Who uses liquid???

Nico₿ ⚡𓅦 2y ago

Nobody needs another token as a saving account - Bitcoin is the saving account.

Just another ponzi scam - unfollowed!

BTCrevolutionary 2y ago

👋👋

🍊🐝 2y ago

Are you arguing it's based on the amount of people using it? Weak ...

BTCrevolutionary 2y ago

Well if it can’t exchange it for goods or services or another assets is it really worth anything? Just asking a question, who uses it? Where can you get it? It’s not on a CEX or DEX from what I’ve seen.

🍊🐝 2y ago

Unlike Stacks, which *requires* you to use their STX token, Liquid uses L-BTC which is the direct peg from BTC to interact with the network.

You can easily swap between Bitcoin and Liquid with services like [SideSwap.io](https://sideswap.io/peg-in-out/) and [BoltzExchange](https://boltz.exchange/swap) for Lightning and Liquid. Both of these are #nokyc.

Liquid is a tool, whether you need faster payments or more privacy; including your example of fighting against high fees. On top of that it's [federation](https://liquid.net/) includes many recognized #Bitcoin companies.

Liquid is not perfect, nor do I recommend it unless you have specific use case.

Stacks on the other hand is a shit-platform for shit-coins disguised as a layer 2, so that pre-mined tokens can get swapped for real btc by Stacks' creators.

BTCrevolutionary 2y ago

No one is forcing anyone to become a stacks miner lol. They put up Bitcoin to mine the next block but that Bitcoin is being transferred to people who lock their stack in the protocol, not to stack creators.

L-BTC is a layer 2 that has its own token just like Stacks so I don’t get the point you are trying to make there.

Stacks is developing a peg in peg out system similar to L-BTC with the development of sBTC.

https://sbtc.tech/

I would argue that stacks has a larger number of developers than liquid but I can’t verify that.

Regardless if you don’t wanna by stacks you don’t have to lol it’s free market, do what you want with your money.

plebeian ewok 2y ago

I’ve cooled a bit on stacks. I see value in nfts and even web3/web5 efforts but anything with yield or defi into other tokens on other chains just seems scammy or missing the point of a bitcoin world. The fact that we can have nfts via ordinals or stamps makes stx less compelling for my personal use cases.

BTCrevolutionary 2y ago

I’ve done my research into stacks and im confident that it’s legit. I think it’s worth exploring but it’s only my opinion. Maybe stacks doesn’t meet your personal use case but it might for others, right?

I think the Bitcoin yield from stacks is pretty cool and a great incentive to HODL stacks and collect the reward. Especially at this price. What do you have to lose? It isn’t going to zero.

plebeian ewok 2y ago

What use cases are left beyond nfts? Just yields and loans and swapping in and out of shitcoins. When I think of eth with infinite tokens, and how they argue the TVL gives eth its value, I mean, those token market caps crumble all the time.

PoX is weird to me, too. I don’t really get it. Sounds too good to be true long term imo.

I’m conflicted though because eth is already wrapping btc. If people are going to be pushing btc into other chains, I’d rather it be on stx, which needs btc to exist, so it’s not an existential threat.

I’d like to see real partnerships on stx. Polygon and eth already work with v*sa and d*sney and ad*das etc. Stx seems way behind on that.