If you want exposure to the #bitcoin ecosystem as an investor, You really only have 3 options:
- Hold $BTC
- Stack $STX (Earn BTC and have upside with a Bitcoin layer)
- Invest in Bitcoin startups
I don't know if have so few options is good or bad. But that appears to be the only ways to get involved.
Unless i'm missing some?
You can mine. You can buy shares of any of the many publicly listed mining companies. You can buy shares in Dorsey's BLOCK. You can buy BTC. You can invest in startups. You can invest in your own startup. You try and make money with routing fees by running a large enough liquidity pool on the LN. You can index and mint Ordinals. You can shitcoin with STX and try making a yield. You can lever yourself on LNmarkets. You can arbitrage DEX's. You can stack sats here by providing content. There will be a million other things when all the new smart contracting abilities from psbt/taproot/miniscript gets built out.
🙌 🙌 🙌
Pushing your scams more i see
Yes zealot. I hold STX and earn BTC.
No wonder you are pushing it. You are trying to get suckers to make your stacks bag go up more before it crashes again. You are like a VC for stacks.
I dont care what someone buys. Thats their personal decision.
Im only trying to make people aware of interesting things inside Bitcoin.
Especially when theres this spectrum between pure halal Bitcoin and crypto "shitcoins". Most might be junk, but not everything is.
Stacks will likely play a major role in the coming year IMO.
I'd rather let people judge themselves and get roasted for it, then say nothing 🤷
“Im only here to make people aware of interesting things inside bitcoin”
If that was true you wouldn’t be pushing stacks.
Stacks has absolutely nothing to do with bitcoin. Except to scam people by using its name.
That is the narrative said over and over.
I disagree.
If I understand correctly, to participate in Stacks, users must:
1) Purchase a minimum 1000 STX tokens
2) Lock those tokens for a period-of-time, allowing STX holders to "participate in consensus".
3) Validate transactions on the STX chain.
Only then might you earn some BTC; however, that depends on how much STX you have and how long it's locked for.
I see that Stacks also states that Dapps can be built on that layer, please provide links to three killer dapps currently in use on the Stacks layer, I'd like to check them out.
From the outside looking in, I cannot understand why anyone interested in Bitcoin would entertain Stacks/STX however, I'm willing to approach it with an open mind, and I look forward to your reply.
Good questions Anonomoto. Ill do my best.
In the current model of Stacks, Stackers roll is fairly mild. They loosely signal a chain tip but most of this work is done by miners. Their biggest roll is locking STX for BTC which ideally keeps the STX price more stable, which in turn allows miners to have consistent floor to bid against.
Participating in Stacking has two variants:
Solo stacking - This is a dynamic minimum. Every Stacks block has 2 reward slots. The current minimum is around 100k STX.
Stacking pool - You can delegate your STX (non-custodial) as part of a pool and get a pro-rata share of rewards. A few options exist with minimums as low as 100STX.
A few popular apps:
ALEX (DeFI) - https://app.alexlab.co/swap
Gamma (NFT's and Ordinals): https://gamma.io/
Xverse (Bitcoin/STX wallet with a stacking pool) - https://pool.xverse.app/
Last, Id add the current way Stacks is constructed is less then ideal. Some of the criticism is very valid. In an upcoming release (~6 months) two big changes are coming.
One is a native Bitcoin peg-in/peg-out solution. The token will be called $sBTC and allow you to peg in your Bitcoin, and have a 1:1 derivative on chain to be used across apps.
Second, Stackers will take a more active roll in the network. They will be apart of a threshold-signature wallet that executes peg-out transactions.
So the BTC rewards spent by Stacks miners will flow in an this order (Bitcoin mining TX fees > Peg-out TX fees > Stacking rewards).
Covered a lot 😎
Let me know if anything wasnt clear.
Of course you don’t. Because you are trying to scam people because you hold a bag.
Well, what I think he is saying is you can apparently earn bitcoin while using/holding STX. Which is eerily similar to a lightning faucet website, or a bitcoin slots website, etc: They aren't bitcoin trading websites, but you can still get bitcoin from them in a different way.
Just so you know I agree with the gist of what you are saying, and i'm not advocating for any shitcoin with this comment
"Stack $STX" trying to slip some bullshit in there. Y'all really should know the majority of users here aren't down with the shitcoinery.
I disagree that you only have those 3 options, and I think by writing it the way you have it seems you are plugging your shitcoin, but if you rephrase it by saying "here is another way to stack some extra sats" in a similar vein to lightning faucets, lightning jobs, etc it would read less scammy
Why waste time stacking $STX, when you could just buy Bitcoin?
Job done.