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100 sats \ 3 replies \ @uco 19 Oct 2022 \ on: I'm michael1011, Co-Founder of Boltz. AMA. bitcoin
Curious your thoughts about Stacks (STX) and if you see any value for tokens built on top of bitcoin that allow for more scripting?
Tricky question. I don't know a lot about Stacks, only that there is some Boltz fork out there doing swaps between Stacks and lightning.
Bitcoin scripting is certainly very limited and I can imagine use cases for applications running on sidechains or L2s that allow developers to build more advanced applications. Like for example this one, which is allows you to borrow a stablecoin with BTC collateral on Liquid (it's in private beta right now): https://twitter.com/fuji_money/status/1574766200948768769?s=20&t=6vQxLEmQ6oZ9kY2rnJvQnw
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If such sidechains, L2s or projects building on top of them need their own token or if those tokens have any value, is a different question. I guess that is up to the market to decide. But I am a proponent of keeping BTC the main asset on all layers across the stack
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Thanks for your thoughts! Agree BTC should always be the base layer but it will be interesting to see what is built on top. I think it will exceed our current imagination.
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