Stacks Market | Information Markets on Stacks

I love seeing the community shape this together, thank you Muneeb! I think Bitcoin Capital Markets is the clearest category and the strongest immediate wedge. But it should serve a larger mission, not become the limit of the vision. Perhaps the complete framework is: Category: Stacks is the Bitcoin Capital Market. Promise: Institutional-grade Bitcoin rails, open to EVERYONE. Mission: Make Stacks the open Bitcoin economy where capital is deployed and Bitcoin-powered applications are used by people, businesses, and agents worldwide. That mission brings together the strongest ideas form the discussion: - Open and accessible to everyone. - Productive Bitcoin capital. - Applications with real utility. - People, businesses, and agents. - Global ambition. The North Star should therefore measure both BTC capital deployed and real economic activity created. This last part is very important. Capital brings gravity. Applications bring users. Together, they create a powerful economy. In short, STX should empower the Bitcoin Economy

I understand where you’re coming from, and I genuinely commend you for recognizing this. It also explains why the Stacks CMO conversation became such a sensitive topic. A great CMO, or several strong ecosystem voices, could have carried the storytelling while you focused on building the technology. But I think the deeper issue was never only who tells the story. It was whether Stacks had a sufficiently clear story to tell. What is the mission now? Is STX primarily the gas and coordination asset for a Bitcoin economy? Is the priority mainly institutional Bitcoin capital and DeFi liquidity? Or is the goal to enable 1,000 businesses and applications that can bring the first 100,000 real users into Bitcoin-powered products? Those are very different paths, and they require different products, incentives, capital allocation, and messaging. Stacks has spent years building incredible rails, but rails alone do not create mass adoption. We now need clarity on where the train is going, who it is for, and why people should get on. So, @muneeb, what is the bold, simple Stacks message you believe the entire ecosystem should be communicating today?

Glad to see the captain back. Sentiment matters because ecosystems are built by people, not technology alone. Builders can navigate choppy waters when leadership communicates honestly, provides direction, and reminds everyone what we are building toward. I had begun to lose hope. Now I see new light. Muneeb, if you are committed to staying at the helm and actively leading Stacks through the next one to two years, I am prepared, and I suspect many other builders are as well, to significantly increase my commitment. I will begin investing in STX again and dollar-cost averaging at a much more meaningful scale. More importantly, I will direct the development teams behind Stacks Market & WE R GAME toward building DeFi products and other tools that can put that capital to work and contribute to the next generation of successful applications on Stacks. Leadership creates confidence. Confidence brings back capital, builders, experimentation, and momentum. The technology is here. Now we need the leadership, story, products, and users to turn it into a thriving Bitcoin economy. This is the way...

Upbit (Korea) confirmed that their Stacks network upgrade is already complete! 127 Bitcoin blocks to go. What is this upgrade and why is it imp? A rambling post … There have been two major launches in the history of Stacks. The original mainnet launch in 2021 and Nakamoto in 2024. These resulted in peak STX market of $3 billion and $5 billion respectively. Both hit limitations and fell shy of reaching their full potential. The 2021 Stacks was slow and congested (running at Bitcoin speed of 10-40 mins), and the 2024 Nakamoto still relied on a trusted group of signers. $600M of BTC capital was deposited over it but scaling it to $60 billion+ in BTC capital requires removing trust assumptions. The Stacks devs, the Princeton-MIT trained scientists, have been quietly preparing a third shot at goal. So, what is the goal? Stacks has a simple North Star of being the layer/chain with the most Bitcoin deployed. We exist to enable a thriving on-chain Bitcoin economy and be the rails on which billions of people use Bitcoin. This third shot at goal has a name and a timeline. We call it the **Satoshi Upgrades**: a series of three upgrades between now and Bitcoin halving of 2028. It’s our best work yet. Like Elon’s early rockets at SpaceX which came close to getting into orbit but didn’t make it, but then Falcon 1 Flight 4 reached orbit and the rest is history. Stacks is the most under appreciated and misunderstood, highly ambitious moonshot project in the crypto industry. The recent Binance “risk monitoring tag” earns us that honor. We’ve built some of the best tech for a $2T asset, made design decisions optimizing for decades to come, and yet failed on telling our story to the world. For this, I am responsible. I’ve been largely away from X for two years (a) dealing with some family/personal stuff which is almost under control now, (b) giving the space to other leaders and Stacks eco to handle comms in a decentralized way. I’m back now. And I’ve realized that there is no better way to tell a story than the unfiltered version straight from the founder. I will be direct. I will be unfiltered and raw. I will tell you why I’ve spent a decade of my life working on Stacks. And why a modern rails like Stacks is what will make Bitcoin the undisputed freedom money of the world. I will lay out what Bitcoin was meant to be when I joined in 2013. What Satoshi and Bitcoin OGs wanted to accomplish and where we fell short over the years. This third shot at goal is our Falcon 1 Flight 4. We are 18-19 months away from the next Bitcoin halving. 18 months is typically the runway a startup needs to truly take off. We will start with Satoshi Upgrades I, bringing native self-custodial Bitcoin staking to market. BTC on BTC yield. The single largest lever to deploy billions of dollars of BTC into a Stacks product. It’s the top of the funnel. Self-custodial BTC staking is how we start the fire. The story becomes a lot more interesting after. I’ve rambled enough for today. If you’ve been a believer and supporter for so many years. First of all, thank you. Second, we will launch this dream into orbit this time, but I will need your support. Taking Bitcoin and Stacks to billions of people will need your help. You will need to amplify our story. Very few of us currently understand what Satoshi Upgrades are, why do they matter, what is happening in 127 Bitcoin blocks, and why should they care. Let’s celebrate our small wins in the core community for now. Tomorrow the work starts to bring Stacks to the mainstream. We’ll do this together! LFG 🚀