Adam Krellenstein

Lead maintainer @CounterpartyXCP and @KontorNetwork; natural philosophy

[Kontor on Bitcoin @kontornetwork]

Why metaprotocols matter - Adam explains the Kontor approach: fast, scalable, and entirely on-chain.

[Jacob Brown @JakeBlockchain]

Latest pod with the great @agkrellenstein!

[Dan Anderson @droplister]

On Block 952,500 Counterparty has AMM LPs. Woo!

https://t.co/FDfXgu6rDe

[Dan Anderson @droplister]

This, but for tokens…

Overtime, if the blockchain a token is on still works, even if the underlying team or project behind it has ceased to exist, the tokens will still be technically trade-able.

It’s like a truism, all tokens have this property to them that they inherit from the blockchain they’re issued on.

I think the tokens issued on Bitcoin have the strongest chance of existing in 2050, but there are many tokens on many chains that have much lower chances.

Even if the technology still exists, the majority of remaining tokens will become economically untrade-able in the future because tx fees are higher relative to the value of the tokens themselves.

It makes me think about @WRabbit1111 chart for early NFTs. As supply is lost and distributed, some older tokens could take on a collectible value different from the speculative value they once had which reignites the speculative value.

But the underlying blockchain needs to still exist and have meaningful non-collectible economic activity going on.

And that economic activity should price out or significantly reduce issuance rate and distribution of new tokens overtime assuming tokens isn’t the sole economic activity onchain to begin with.

So, I think these are the conditions that could create highly volatile prices.

There will be as many niche interests as there are people still using the blockchain.

- Imagine stablecoin collections with different types of USDT, USDC, USD1

- Every variation of pepe or dog coins like collecting Coca Cola bottles

- Or grandpa’s first shitcoin portfolio he left to his thot daughter’s gay son

Distributed, with a lot of lost supply, and an immortal automated market maker plugged in. There will be collecting.

This is why I stay bullish on things like XCP (2014) and PEPECASH (2016) on Bitcoin (2009). And I like ORDI (2023) and UNCOMMON•GOODS (2024).

Bitcoin has the underlying economic activity going on, is likely to keep existing, making some tokens issued on it available for collecting and speculative manias which is the basis of the global economy apparently.

[dave stoker @davesta_xcp]

@CounterpartyXCP updates w/ @agkrellenstein
- Liquidity Pools on XCP Pairs
- 10 Year Rare Pepe Anniversary @TheBitcoinConf
- Named Assets that start with "A"
- Website Updates

https://t.co/hg9TaKVvSB

[Mike In Space @mikeinspace]

Servers cost money. I might bring it back.

In the meantime, for anyone interested in CPU mining, check out: ZeldHash available at: https://t.co/sbJAUEVSuI

It's also tradeable on https://t.co/N0FKsBsLl6

[Kontor on Bitcoin @kontornetwork]

We're excited to announce that Kontor's file storage system is now live on Bitcoin Signet!

[Horizon Market @hznmarket]

It is now possible to 𝘀𝘁𝗼𝗿𝗲 𝗳𝗶𝗹𝗲𝘀 𝗽𝗲𝗿𝗺𝗮𝗻𝗲𝗻𝘁𝗹𝘆 on the Bitcoin blockchain thanks to @kontornetwork
Our scalable perpetual file storage system is now live on Signet. Register, login, upload - three steps to permanent storage.
Developers can test the Kontor-Portal-Client library today.

[Kontor on Bitcoin @kontornetwork]

Swaps alone aren't enough to build a functional financial ecosystem.
Want to use an Ordinal as collateral for a loan? Provide Runes as AMM liquidity?
𝗞𝗔𝗦𝗧 𝗺𝗮𝗸𝗲𝘀 𝗶𝘁 𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝗲 by wrapping any Bitcoin UTXO into 𝗞𝗼𝗻𝘁𝗼𝗿-𝗻𝗮𝘁𝗶𝘃𝗲 𝗿𝗲𝗰𝗲𝗶𝗽𝘁 tokens that can be traded, pooled, or collateralized at optimistic-consensus speed.

[Mike In Space @mikeinspace]

Stamps Improvement Proposal ➡️

SRC404: On-Chain Image Provenance Standard

https://t.co/NfOm9D91iS

[Horizon Market @hznmarket]

𝗕𝗶𝗴 𝗻𝗲𝘄𝘀! 𝗢𝗿𝗱𝗶𝗻𝗮𝗹 𝗜𝗻𝘀𝗰𝗿𝗶𝗽𝘁𝗶𝗼𝗻𝘀 𝗮𝗿𝗲 𝗹𝗶𝘃𝗲 𝗼𝗻 𝗛𝗼𝗿𝗶𝘇𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁.
One platform. Create, list, and buy inscriptions - start to finish. Check out the full guide to get started.

[dave stoker @davesta_xcp]

@CounterpartyXCP still exists. Always has been.

New upgrade proposals talk w/ @agkrellenstein this this Sunday afternoon 1pm Pacific.

Study up, state your case or just listen in.

https://t.co/pFXJ6h1rod

[Adam Krellenstein @agkrellenstein]

@jasonmyersart @ord_io @kontornetwork It's very much a proof of concept. "How Dan we build Bitcoin but for storage?" It's missing key features such as penalties for not storing data you promise to store.

[Kontor on Bitcoin @kontornetwork]

Kontor offers a scalable perpetual file storage system that runs directly on the Bitcoin blockchain, incentivized by KOR emissions.

You can find out more here: https://t.co/wo7S5Of275

[Kontor on Bitcoin @kontornetwork]

Kontor achieves 1–2 second confirmations and over 1,000 TPS through optimistic consensus and transaction encoding optimizations, all while relying entirely on Bitcoin for finality.

[dave stoker @davesta_xcp]

@CounterpartyXCP is going to remain a staple of NFT history far into the future.

New upgrade proposals talk w/ @agkrellenstein this this Sunday afternoon 1pm Pacific.

Study up, state your case or just listen in.

Slick new wallet from @droplister (XCP Wallet) - most features included in a wallet so far!!

New projects? - Rare PenPen Agency, Rare Horses?

https://t.co/MX9SV2LMnD

[NARDO @PepenardoStudio]

Counterparty

[Kontor on Bitcoin @kontornetwork]

Bitcoin Native DeFi:
The Future of Metaprotocols

Adam Krellenstein at @EthereumDenver 2026

[Adam Krellenstein @agkrellenstein]

@blockamoto @isabelfoxenduke Yeah, we've considered a bunch of variants! The issue with that model is that the "recipient" of a smart contract function call isn't always (usually) obvious. There's a full spec up at https://t.co/X5lOrWwHwc, and it'll continue to evolve until we hit mainnet.