Optimism in the Cryptocurrency Market

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A borough capital popped up in the governance forums and he's trying to modify FIP 77, which was a proposal that passed in like Q3 of last year. I think optimism is poised a lot better for adoption than arbitrage. And optimism also is prettier as far as their branding goes. Pibble see you got in the hot seat or cool during this week.

Muneeb Ali joins us to discuss how Stacks is bringing DeFi to Bitcoin. We cover Stacks design, the Bitcoin DeFi thesis, L2 security guarantees, Stacks' recent implementation bug and more!

And as usual, we start the episode with our analyst bullpen to discuss Aave's GHO, TradFi announcements, Optimism's Bedrock, Frax governance shenanigans and BitDAO.

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Timestamps:

(00:00) Introduction

(00:55) Hot Seat/Cool Throne

(27:19) Interview Start: Stacks

(42:22) The Proof-of-Transfer Mechanism

(46:55) The Nakamoto Release: A Security Budget Upgrade

(53:21) The Bitcoin DeFi Thesis

(57:49) Bitcoin Subnets

(1:01:10) The “Stack Increase” Bug

(1:17:15) Bitcoin MEV and Censorship

(1:25:03) Increasing Miner Competition

(1:28:37) Reorg Concerns and Orphan Blocks

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Resources:

Stacks

https://www.stacks.co/

Stacks Roadblocks (Blockworks Research Twitter thread)

https://twitter.com/blockworksres/status/1659228801384194049

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.