Muneeb Ali is the Co-Creator of Stacks.
In this episode, we discuss whether Stacks can scale Bitcoin. Stacks can be thought of as a Bitcoin layer for smart contracts to build decentralized applications. Muneeb guides us through everything you need to know as a new DeFi user on Stacks, including the hot debate over whether Stacks is an L2 or not, how to earn BTC by stacking STX, and the massive Nakamoto upgrade which will enable trustless bridging of native BTC from the Bitcoin network directly to Stacks L2.
π Thank you for your patience with Muneeb's audio. He had unfortunate challenges with his airpods recording and despite countless hours trying to improve it, we decided it was better to still publish this podcast.
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THIS IS NOT A RECOMMENDATION OR ENDORSEMENT TO BUY ANY TOKEN(S) RELATED TO ANY PLATFORM(S) DISCUSSED.
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Topics Covered
00:00 - Intro
05:33 - Muneeb's background
11:36 - The opportunity for a Bitcoin L2
16:48 - The growth of Bitcoin network fees in 2023
24:28 - Thoughts on Ordinals
30:19 - Is Stacks an L2?
36:28 - Pros vs cons for DeFi on Stacks
41:51 - What's popular among users on Stacks?
46:18 - Utility of STX
47:48 - Reflections on crypto regulation
51:04 - Wallets and dApps to check out
52:45 - Closing
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Guest Links
Muneeb Ali on Twitter
https://twitter.com/muneeb
Learn about Stacks
https://www.stacks.co
Follow Stacks on Twitter
https://twitter.com/stacks
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π The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/
All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research.