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Stackcoon ⚡️
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Believing in the power of BTC to change the world in a good way. And maybe Raccoons helping with that matter :)

What are your brightest and your worst predictions for the future of BTC?

Phew. Thank you Mr. Nakamoto and all the cypherpunks before.

Wenn das im Pfefferberg Theater stattfindet, sind sie dann da wo sie hingehören? Da wo der Pfeffer wächst? 🫠

Replying to Avatar Lyn Alden

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.

I think that most important point is, that they approach the general topic with a mindset, which is underset by fiat principles. To overcome this is, is/was even hard for a BTC maximalist.

And second i always feel that to fully understand Bitcoin, you have to be a generalist, not just a specialist in one topic. You need to understand physics, economics, philosophy, history and so much more. The further a specialist is in his own rabbit hole, the harder it gets to get him to see the topic from various other different angles. Open minds and less ego are mandatory.

Don't have a general solution for this problems, but i think it is always good to have these human mechanics in mind when discussing with people about BTC.