Crypto Isn't Dying. It's Growing Up.
The Five Phases of Crypto
Mapping crypto’s evolution to Carlota Perez's framework for Technological Revolutions and Financial Capital
https://t.co/KK4Q6wGg8v
.@Google reports: “AI Search is exploding, creating a massive blind spot for website traffic”.
It’s true - and that blind spot is about to become a business problem.
People stopped searching the way they used to. Brands need to rethink how they get discovered - so they switch to https://t.co/jQHISjPvoi’s tech.
With Fetch Business (https://t.co/kKkyZ124j8), companies can claim or build verified brand agents that represent them across the emerging agent economy.
And through ASI:One by https://t.co/jQHISjPvoi, users can connect with these agents to get things done.
https://t.co/oifdNekZ7h
With Stacks officially live on @FireblocksHQ, this integration also sets the stage for self-custodial Bitcoin Staking later this summer 🟧
https://t.co/QPpFfHtmMb
Stacks is now live on @FireblocksHQ.
2,400+ institutional clients can now reach Bitcoin DeFi directly: lending, trading, and BTC yield using the custody infrastructure they already trust.
The PoX-5 SIP draft proposes to launch native BTC staking on @Stacks.
Here's why it matters, what the benefits are, and what the SIP proposes to change. ⬇️
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! 🟧
The Bitcoin Staking whitepaper introduced a new model for earning yield on bitcoin.
This week we're breaking down the 7 features that define how it works and why it's built differently 🟧
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 🧵
Other protocols pay you in their token and call it 'Bitcoin yield'.
Bitcoin Staking pays you in BTC. Yields come from Stacks miners and everything is settled on Bitcoin 🟧
The Bitcoin Staking whitepaper is live.
Earn BTC yield by locking BTC on Bitcoin L1 and pairing it with a small STX commitment.
Self-custodial, BTC-denominated yield is coming thanks to Stacks.
https://t.co/wvJDjgZe08
Draper Summit was a great success.
This was a smaller and more curated audience than Bitcoin Vegas. A private event with a nice balance of top VCs, early Bitcoiners, and Draper portfolio companies.
We used the occasion to announce Bitcoin Collateral Vaults at @ZestProtocol.
Borrowing against BTC locked on the Bitcoin main chain is something that has fascinated us since the early days at Trust Machines and @Stacks.
In 2021 we built a first clunky DLC-based version of Bitcoin Collateral Vaults. BitVM advancements have allowed us to totally reimagine what the experience of borrowing against BTC looks like, tying in stablecoin liquidity from mature DeFi ecosystems on Ethereum and beyond (while keeping trust assumptions closer to Bitcoin security than ever before).
@TimDraper has been saying Bitcoin eats the dollar for over ten years. How we get there is getting clearer every day. We think Bitcoin Collateral Vaults will play a major role in this process.
Bitcoin lending is going to be a trillion-dollar market. Letting users borrow against BTC without giving up Bitcoin security is the best product. Zest Protocol Stacks market is the best solution possible today, and now Bitcoin Collateral Vaults open up a new and exciting path.
Bitcoin went institutional and now DeFi is going institutional, when that happens we have to make sure we stay as close to Bitcoin's ethos and unbreakable security as possible.
Excited to ship this 🟠