Village Global Podcast Web 3 Series: Bringing Smart Contracts to Bitcoin with Muneeb Ali
Aug 30, 2022
50:45
Muneeb Ali (@muneeb), co-founder of Stacks, joins Erik on this episode. Takeaways:
- Muneeb says that Bitcoin is winning as money, and that he wants to make that capital productive. He’s "bringing smart contracts to where the money is."
- Bitcoin’s architecture implies that there shouldn’t be much flexibility and programmability on the base layer blockchain.
- A criticism of Ethereum is that it is trying to be too many things to too many people.
- There is a basket of Layer-1s that are gaining market share against Ethereum.
- One criticism of Bitcoin is that there are only two things you can do with a wallet — sit on your BTC or send it to someone else.
- Bitcoin has the most mainstream adoption and has “crossed the chasm” more than any other cryptocurrency.
- All of the forks of Bitcoin are worth less than 1% of the current market cap of Bitcoin.
- Bitcoin is very durable and resilient. Software created years ago for Bitcoin still works today, something that can’t be said about other chains.
Thanks for listening — if you like what you hear, please review us on your favorite podcast platform.
Check us out on the web at www.villageglobal.vc or get in touch with us on Twitter @villageglobal.
Want to get updates from us? Subscribe to get a peek inside the Village. We’ll send you reading recommendations, exclusive event invites, and commentary onthe latest happenings in Silicon Valley. www.villageglobal.vc/signup
- Muneeb says that Bitcoin is winning as money, and that he wants to make that capital productive. He’s "bringing smart contracts to where the money is."
- Bitcoin’s architecture implies that there shouldn’t be much flexibility and programmability on the base layer blockchain.
- A criticism of Ethereum is that it is trying to be too many things to too many people.
- There is a basket of Layer-1s that are gaining market share against Ethereum.
- One criticism of Bitcoin is that there are only two things you can do with a wallet — sit on your BTC or send it to someone else.
- Bitcoin has the most mainstream adoption and has “crossed the chasm” more than any other cryptocurrency.
- All of the forks of Bitcoin are worth less than 1% of the current market cap of Bitcoin.
- Bitcoin is very durable and resilient. Software created years ago for Bitcoin still works today, something that can’t be said about other chains.
Thanks for listening — if you like what you hear, please review us on your favorite podcast platform.
Check us out on the web at www.villageglobal.vc or get in touch with us on Twitter @villageglobal.
Want to get updates from us? Subscribe to get a peek inside the Village. We’ll send you reading recommendations, exclusive event invites, and commentary onthe latest happenings in Silicon Valley. www.villageglobal.vc/signup