How I got started building on Bitcoin.

Crypto is entering a consolidation phase. In the dotcom era, the markets simultaneously (a) overpriced the losers and (b) underpriced the eventual winners. The winners and the market size turned out to be way bigger than we imagined. Top crypto projects with sufficient cash and runway to dominate their respective verticals will sweep the upcoming market.

Thoughts on Stacks (blockstack:native) and markets: - The four year cycle stays true. Bitcoin highs are muted but lows also likely muted. - The AI models discovering bugs issue is real. Flight to safety will be a trend to watch. - Bitcoin stayed simple with verifiable and transparent supply. All additional functionality can be built on top. - Stacks optimized for safety and went for a decidable language (Clarity). Safety will end up being *the* thing to optimize for. - There is likely going to be one maybe two Bitcoin L2s that take all/most of the traffic. - After Bitcoin gets a quantum upgrade, depending on new signatures, Bitcoin bandwidth will likely decrease by 50%-97%; highlighting increased need for L2s. - Bitcoin staking is a $100B market with increased demand for BTC on BTC yield coming from institutions and DATs. - Stacks has seen two cycles before (1) mainnet launch (BTC smart contracts), (2) Nakamoto launch (speed & sBTC), now we’re working on (3) Bitcoin Protocol Bonds launch that unlocks the largest market yet. - Last year, the ecosystem restructured for operational efficiency plus a new treasury. Stacks Labs is well funded, laser-focused, and hyped up about the new launch. - Stacks is Lindy in crypto & Bitcoin at this point. Largest Bitcoin project by marketcap & active devs for 5 years. When BTC starts to recover, so will STX but as higher beta. - Bitcoin might reach $150K-$250K next cycle (halving is early 2028) which is a 3-4x, Stacks is more in the 20-50x range given higher beta history and upcoming catalyst of Bitcoin Protocol Bonds. (Not financial advice and more on protocol bonds later). - In the chart below, there were only three times in history for lowest entry points. Before mainnet when everything was unproven, before Nakamoto, and now. - The upcoming SIP for protocol bonds launch will likely get accepted, with good feedback from community to drop/adjust the boosted rewards period (I support adjusting/removing this variable.) We’re buying here and then patiently waiting next 6-months for protocol bonds to go live, markets to bottom out, and our thesis of Bitcoin as the king asset with a thriving on-chain BTC economy to play out. Let’s go! 🟧

$ZEST is now listed on @binance Futures with up to 10x leverage.

Excited to be sharing the first draft of the PoX-5 SIP, the proposal that introduces Bitcoin Staking to Stacks. We invite feedback from the community and core contributors before it moves to a ratification vote. Read the draft and share your thoughts: forum.stacks.org/t/introduci…

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BIG news. @UTXOmgmt, the Bitcoin native asset management arm of Nakamoto Inc., is the inaugural participant in Bitcoin Staking on Stacks. This means institutional BTC earning BTC yield, without ever leaving the base layer.

The success of any crypto network depends on the teams building on it. Zest has been central to Stacks and the Bitcoin economy. They built the right foundations, got traction first, and have ambitious plans. Cheers to a zesty future! (we’re investors.)

$ZEST, the native token of Zest Protocol, is officially here. $ZEST is now listed across exchanges and season 1 airdrop is live. It's the starting point in the next chapter of Zest Protocol’s growth.

Hold BTC. Earn BTC. That's what Bitcoiners want. Today we're publishing the Bitcoin Staking whitepaper. Self-custodial. BTC-denominated yield. Here's what it is and why it matters 🧵

we’ve been building something super cool as a next major release of @stacks if you’re an institution holding large amounts of bitcoin, DM me for a preview

Everyone wants yield on their Bitcoin. Store-of-value use of BTC is well understood, now people want income. @HermeticaFi just launched 5.45% earn. Hermetica deploys Bitcoin as collateral in on-chain lending markets, borrows stables to capture basis or STRC yield. Simple UX.

People are having meltdowns, stress & disillusionment about the future of Bitcoin. A better way to spend the bear market is to optimize sleep, workouts, and deep work. This is the time to build the future! For Stacks this means launching Bitcoin staking. Long live Bitcoin 🟧

Bitcoin is down from all-time highs, but @Stacks Founder @Muneeb still thinks it will hit $1,000,000 by 2030 On today's @_TalkingTokens he explains his thesis, how bitcoin is maturing, whether it's still "digital gold," quantum computing risks, yield opps & more. Watch below:

Builders build in the (crypto) winter ❄️🐻

Markets are puking, and morale is low here; this is when next-gen winners get built. I’m not going anywhere. Why? Because the job is not done. We’ll create the Bitcoin on-chain economy for a billion users. Stacks is focused on the new Bitcoin staking product. More details soon!

Switzerland getting a preview of the Bitcoin staking industry with Fred Thiel and me 👀