Tax receipts will be lower than expected this year since IRS extended due date of payments for most CA residents until Oct 15th
NY residents have been extended until May 15th
That’s two major state economies right there
Muneeb from Stacks says that Bitcoin ecosystem development is lacking.
https://twitter.com/muneeb/status/1631672600085577729
Obviously this contrasts with the fact that, during the recent episode of Bitcoin Review with NVK and others, they had to go long for the episode and also had to cut out a lot of content due to too much bitcoin ecosystem development happening to cover it all. And with my work at ego death capital, we have no shortage of new bitcoin development to invest in; it's merely a matter of prioritization.
I met Muneeb at Princeton back in November when Princeton launched their new center for decentralized tech and power, which does have some serious bitcoiners in the mix amid the altcoin noise. And I might meet these folks again in upcoming Princeton events, since I'm based near them in NJ and want to keep a bitcoiner perspective there. They have some good people involved.
If you had questions or discussion points for Muneeb, what would you ask or bring up (kindly)?
My impression is that the Stacks ecosystem is too focused on financialization platforms, similar to the altcoin ecosystems. It's all about financial leveraging, NFTs, etc. In other words, rails on which fiat currency operates. Whereas there is massive development in bitcoin being better money at the root layer, which doesn't necessarily vibe with their ecosystem. Throwing shade at that, or ignoring that, seems disingenuous.
For me, the best development is about wallets, infrastructure, and protocols that make bitcoin easier to use as global root layer money from a payments and savings perspective, and more censorship-resistant in general. Often, it's the small details that matter. This includes lightning, nostr, fedimint, certain sidechains, etc. Anything else is secondary.
It seems like Muneeb is ignoring or not paying attention to the use cases for 3rd world countries. Instead he is focusing on 1st world problems. Nothing wrong with that but that does leave out a major bucket.
For me bitcoin/lightning development can be split in two major buckets (1) Solving for 1st world problems vs (2) 3rd world problems
The 3rd world problems can then be split into two major buckets which you described
on a podcast.
Bitcoin/lightning adoption should be focused (1) Energy access or (2) Bank access
A lot of the projects you mention focus on 3rd world problems
Mind blown seeing this. Essentially IRS extends tax payments for most CA residents due to the flooding in Jan.
Would think this has an effect on tax revenues and just surprised this is happening with current US budget deficit
Seems like something is going on behind the scenes since this is not normal
#[0] #[1]
Good morning
Wise words to start the day!
I think it was Lyn who said in your interview
“Lightning has a high ratio of utility to speculation”
1) great line
2) We see it in that chart
Maybe we’ve been thinking about the inflation issue the wrong way
If we all post Valentine’s Day poems with pictures of handmade hearts we can fix the inflation issue …




