The best of Bitcoin and Ethereum.
There is an idea I’ve been obsessed with for over a decade. It’s a very simple idea. It’s a trillion-dollar idea if it works.
The idea is simply to take the best qualities of Bitcoin and Ethereum and combine them.
Bitcoin is the superior asset. Ethereum has better rails. BTC is winning as digital capital. Ethereum pioneered on-chain capital markets (Solana is challenging that position). Why can’t we have best of both?
ETH tried being internet money and that didn’t work. BTC clearly won as digital capital. Ethereum rails, however, have created thriving on-chain capital markets. Not just directly on Ethereum, but on derivative chains like Arbitrum (used by Robinhood), Tempo (by Stripe), Tron (largest Tether usage), etc.
Bitcoin and Ethereum have been #1 and #2 digital assets for close to a decade now. There is obviously competition between them. ETH has nowhere else to go but try to be #1. This is what the entire “flippening” movement was about (it failed, for now).
If we take the best parts of Ethereum (like faster transactions, programmability) and vertically integrate them on top of Bitcoin, like HTTP on top of TCP/IP, then we have a scenario where the best asset, BTC, can be integrated with modern rails. Simple.
The internet didn’t become *the* internet until HTTP took off atop TCP/IP. Fragmented networks don’t become global standards. We’re still fragmented in crypto, but the consolidation phase has started.
If a vertically integrated modern rails like Stacks truly takes off for BTC, then Bitcoin solidifies its #1 spot even further. BTC gets native BTC yield, and gets deployed in bitcoin capital markets. Bitcoin can then keep evolving (like adding privacy features) without ever changing the base.
The best of Bitcoin and Ethereum. In one vertically integrated system. That’s the dream. We’ve built it at Stacks.
Solid, detailed take on the $STX B2 filing.
What stands out to me:
📃 Zero post-2018 insider vesting, no exchange token deals, no POL/purchased TVL
🌐→ No team members still unlocking free tokens from after 2018, no free tokens handed to exchanges for listings, and they didn’t buy fake liquidity or TVL with tokens.
Market maker fully named (Wintermute, 6M $STX loan + options, quarterly restrike)
🌐→ They openly say Wintermute is the market maker and exactly how the deal works (6 million $STX loan + options that reset every 3 months).
Most projects hide this.
📃 #SIP-031 endowment emissions on-chain and auditable (despite the 400M/500M inconsistency)
🌐→ The new tokens being printed for the ecosystem fund are controlled by a public smart contract anyone can check. There’s a small numbers mismatch in the filing, but the actual emissions are transparent.
Old 2018 supply completely unlocked by Oct 2025. Nearly a year ago, now.
🌐→ All the early investor and team tokens from the original 2018 raise finished vesting last October. Nothing from that era is still locked up.
📃 This is one of the cleaner transparency filings among large-cap protocols. Self-reported, yes — but no “confidential” black boxes and the sellers/schedules are explicit.
#Bitcoin #L2 capital markets need exactly this level of disclosure.
Good work 👏.
Stacks Self-custodial BTC staking launches on September 10th
Want to be the first to get access? You can join the waitlist here -https://t.co/fz1TSX1tVI
Selected retail participants can join the genesis bond via pooled access and capacity will increase each month
$STX just hit No.1 on the 7 day board and No.4 on the 30 day.
That looks like another bitcoin beta trade at first. The interesting part isn't that $STX goes up when $BTC does. It's why this run could be different from the last ones.
Bitcoin cannot pay you: Every product built to fix that asked holders to give something up first. Wrap it, bridge it, give it to a custodian. The yield was real, but the bitcoin stopped being yours.
@Stacks is changing this: Since mainnet launch in 2021 it has paid out 4,200 BTC to participants, and the new BTC staking protocol bonds launch expands on this strong foundation.
The difference is that $STX now sits between bitcoin and its yield by rule.
BTC is bonded alongside STX, with the STX position set at approximately 5% of the BTC position value. The first bond opens September 10.
Bitcoin was never going to need a second place to sit. It needed a way to earn from where it already is.
I hold $STX and have been following Stacks for the long term.
Every Stacks transaction settles with Bitcoin finality: reversing one would mean reorging Bitcoin itself. That's the settlement layer Bitcoin-native finance is built on.
The original Bitcoin exchange @bitfinex shares a report on how Bitcoin is being put to work, with Stacks taking the first spot on the list.
Bitfinex is one of the longest standing and original crypto trading platforms, proudly representing Bitcoin.
Read the article below 1/2.
Follow The Money.
This is how you lose your Bitcoin.
It’s a war on self-custody.
Here are a few of the players you are cheering or resisting.
Your choice.
The Stacks community is actively shaping a clearer STX mission: attract and compound Bitcoin capital, but also turn it into real applications, users, businesses, and economic activity.
My new version after the discussion:
Make Stacks the open Bitcoin economy where capital is deployed and Bitcoin-powered applications are used by people, businesses, and agents worldwide.
Capital brings gravity. Applications bring users. Together, they create a powerful economy.
In short, STX should empower the Bitcoin Economy
I shared a framework for how @Stacks Bitcoin Capital Markets can become the foundation, not the limit, of the broader Bitcoin economy. 👇
https://t.co/pGvtSVP28f