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0 sats \ 3 replies \ @cointastical OP 15 Dec 2022 \ parent \ on: Stacks: A Bitcoin Layer for Smart Contracts bitcoin
I've not read the whitepaper in full, but I wonder if this part might be new information that you were not considering -- just as it was new information to me:
The current version of Stacks has a separate security budget from Bitcoin. This security budget is defined by the BTC capital spent by Stacks miners. With the Nakamoto release, most of the Stacks chain history will have Bitcoin finality, regardless of the Stacks mining budget: [...]
This new security model is a major upgrade for the Stacks layer and is highly differentiated from methods like merged mining or federated designs. The forking rules of Stacks are designed to minimize the possibility of forks in general while retaining the flexibility for miners to create forks under certain conditions to repair the chain as a response to specific attacks.
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25 sats \ 2 replies \ @muteness11 15 Dec 2022
A Whitepaper? anyone can come up with one ...
I know Stacks inside out .... if your curious to know more, you can listen to my story:
https://podcasts.apple.com/nl/podcast/muteness11-from-behind-the-curtain-of-a/id1497540130?i=1000583136159
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0 sats \ 1 reply \ @cointastical OP 15 Dec 2022
Ok, more info on this topic as well:
I saw this new paper from Stacks, on a two-way peg type "sBTC".
Since I am the author of Bip300 (a BIP with a two-way peg), I thought I would give it a little review.🧵(1/5)
https://twitter.com/Truthcoin/status/1603104770952003586 [Nitter]
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25 sats \ 0 replies \ @muteness11 16 Dec 2022
Interesting thread (followed too)
I was conned in 2015 (non crypto related) and I was angry at myself of how could someone like me (supposedly intelligent) fall for this, that took me very deep into fraud/con artist rabbit hole.
years later, I went down the Bitcoin rabbit hole and I was curious why people buy anything other than BTC .... I knew I wont get the whole story unless I became an insider and I witnessed ALL the MANIPULATION (which is documented in the pod I shared earlier)
TL:DR better stick to BTC only, yea I'll be accused by some as closed-minded, that accusation is also a tactic heavily used to manipulate users
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