muneeb.btc

Founder @Stacks, enabling the Bitcoin onchain economy. Previously, distributed systems PhD at Princeton.

[muneeb.btc @muneeb]

How I got started building on Bitcoin.

[muneeb.btc @muneeb]

@melshapiro Bear markets are here to test our conviction 💪

[muneeb.btc @muneeb]

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! 🟧

[muneeb.btc @muneeb]

@0x78656e @XRPMythBuster Yes I'm committed to the mission and believe in it.

[muneeb.btc @muneeb]

@tripnm0nkey The SIP will be decided with on-chain vote. I'm just sharing my opinion. Overall seems very positive to me.

1000 STX has always been the emission rate. It's a change to reduce it in fact. The status quo was always 1000 STX for 5+ years.

[muneeb.btc @muneeb]

@1_in_1_ Bear markets are here to shake out the weak 💪

[muneeb.btc @muneeb]

@XRPMythBuster Looks like a good entry point, like before mainnet and before Nakamoto and the respective growth (NFA).

[Zest Protocol @ZestProtocol]

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

[Alex Miller @alexlmiller]

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:
https://t.co/VQzpwpHPv3

[Stacking DAO @StackingDao]

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[stacks.btc @Stacks]

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.

[muneeb.btc @muneeb]

@Agfiore17 I'm sorry but I have no idea what you are talking about or what your concerns are.

[muneeb.btc @muneeb]

@Agfiore17 Zest is an independent app. Anyone can build apps on Stacks and do whatever they like outside.

This has nothing to do with SIP-31; it funds core Stacks development, DeFi growth on Stacks markets only etc.

No SIP-31 resources are funding any non-Stacks work.

[Rand Group @randgroup]

https://t.co/rZVQyzX9dT

[muneeb.btc @muneeb]

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 Protocol @ZestProtocol]

$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.

[stacks.btc @Stacks]

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 🧵

[muneeb.btc @muneeb]

@enjoywithouthey @GrimaldoRemade bitcoin staking is a $200B-$300B market at current levels. your math needs to math.

[muneeb.btc @muneeb]

@ZestProtocol Great way to bring more liquidity to the Stacks markets (and beyond).