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0 sats \ 2 replies \ @soggycakes OP 3 Feb 2022 freebie \ parent \ on: Hello, Trust Machines bitcoin
agreed a bit fluffy -- excited to see what muneeb x team come up w:
"Trust Machines will build the applications and underlying technology necessary to unleash the true potential of Bitcoin as a final settlement layer. Trust Machines will build upon the success of Stacks, a programming layer for Bitcoin. The Stacks mainnet launch was a major unlock toward making Bitcoin programmable. We will expand on this programming layer to help make it faster and easier to develop on, and we will build applications that make Bitcoin productive, e.g., trustless Bitcoin lending. Our mission is to build the largest ecosystem of Bitcoin applications and grow the Bitcoin economy. We plan to hire Bitcoin Core developers and drive innovative research & development for scalability and functionality layers around Bitcoin."
That's a great example of my point... :)
There is roughly zero information in this paragraph, since any solution would fit it... they could literally create a spreadsheet with JS scripting and it would fit this explanation.
Are they building a platform with some DSL, are they creating a hosting infra, are they creating sidechannel management, are they building a documentation ecosystem, are defining a new open protocol? They are probably doing some of those things, but it's just so unclear...
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Ok, so I managed to hit some articles about Stacks and dig a bit into the details (e.g. this one)
It looks like Stacks has barely anything to do with Bitcoin, it works as any other random coin (currently STX is #70), it has notable premine, it has it's own PoS consensus that (imho) just looks like centralization with extra steps.
That would explain the corpspeak trying to make it sound like a "Bitcoin" thing and trying to raise as much money as possible from gullible investors...
There's some shady things too, like on the website they make it look like Nic Carter and others are supporting it, etc. when the linked articles are unrelated...
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