23 Feb 2025
If I were launching an NFT collection today, I would consider using one of the top three blockchains for NFTs in 2025: Ethereum, Solana, or Stacks2. Each of these blockchains has its own strengths
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28 Jul 2021
No, there's a bug in that code path that prevents the node from dying. Instead, there's a proposal in progress for having stackers and miners vote to upgrade to 2.1: github.com/blockstack/stacks…
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27 Jul 2021
Yes but security is a function of the amount of money spent by miners, not the number of stackers
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27 Jul 2021
Stackers do not secure the network, miners do, remember this is not PoS and there's no staking
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27 Jul 2021
Burning is an indirect transfer of value to all ETH holders (not just active stakers).
This is an explicit, per block, transfer of value to active stackers in BTC.
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27 Jul 2021
I think he means that while in ETH only a subset of fees is burned in Stacks almost all the value in fees is going to stackers.
Because of miner competition, miners transfer almost the value of the block reward (inflation fees) to stackers (BTC rewards)
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27 Jul 2021
Also there will be various other uses for stacks then just stacking them, thus the percent stacked would likely go down over time as well.
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27 Jul 2021
Better economic design because burning benefits early investors more than newer participants?
Or...?
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27 Jul 2021
Also the theoretical problem of PoX is that miners will accumulate a lot of STX to mine with reduced costs (because some BTC is returning to them).
But I don't see this as a problem unless miners start bidding more BTC than the actual block rewards, other miners couldn't compete
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27 Jul 2021
We currently burn some bitcoin in our mining process correct? In a way as stacks grows, even if it is slightly inflationary in the distant future, it is tied to an asset that would be, becoming slightly deflationary. Interesting concept.
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27 Jul 2021
A key thing here that doesn’t get enough attention (yet) is that with increased network usage the BTC yield goes up.
When miners bid higher based on more gas fees to collect, the BTC yield goes up for stackers. (This is better economic design than EIP 1559 which burns fees.)
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27 Jul 2021
I would like to add that even with a constant inflation stackers are not affected (because PoX rewards overcompensate it).
4 Jul 2021
I have realized how powerful Proof of Transfer (PoX) is 🤯
With PoX you can have an inflationary asset (so that miners are always incentiviced to produce new blocks) but holders are not affected.
How can this be? Mini-thread👇🏼👇🏼👇🏼
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27 Jul 2021
If this keeps stacking alive, assuming a 10 percent yield, you could stack only 3 percent of your total stacks, compounded over those 4 years, and earn enough stacks to cover for the inflated supply. I also thought some stx are and will be getting burned as well
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27 Jul 2021
ah yeah I forgot that ... that the minting goes on at a decreased slope in the chart in that forum post.
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27 Jul 2021
Based off some rough math, when it hits and stays at 125, thatll be 26,000,000 STX a halving, so a minor increase of 1.4% above the 1.8 billion. That percentage gets smaller after each halving as well
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