so #stackchain is happening. \ stacker news ~bitcoin

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525 sats \ 29 comments \ @falsefaucet 21 Jul 2022 bitcoin

twitter is alot of bs. but sometimes it can be fun. we have currently stacked over 1BTC all together i believe. we started at a humble 5$ over 48 hours ago. its still going.

we even have SIPs [stackchain improvement protocol] obviously not everyone is in a position to drop 250$+ for some shiggles and sats of course. we created SIP003 which is stackjoins, allowing stackers to combine stacks to reach a threshold.

link to SIPs https://github.com/stackchainsats/stackchain

link to twitter thread, currently at 238$ https://twitter.com/RunJdub/status/1549962977809502209

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105 sats \ 0 replies \ @rijndael 21 Jul 2022

this is the most fun and wholesome twitter meme I've seen in a LOOOOONG time.

Blockchain jokes 🤝 Stacking sats

Love to see it

205 sats \ 1 reply \ @gms 21 Jul 2022

I hope one day to be able to participate in this, in the meantime 🍿

105 sats \ 0 replies \ @falsefaucet OP 21 Jul 2022

see SIP003 our proposal for stackjoins, allowing stackers to pull theirs stacks together to add to the chain.

stackchain is for everyone!

110 sats \ 0 replies \ @rijndael 21 Jul 2022

Can’t wait for the inevitable fork war 🍿

125 sats \ 1 reply \ @chinwenwencha 21 Jul 2022

I don't get what's going on here. Care to ELI5?

138 sats \ 0 replies \ @Majjin 21 Jul 2022

Looks like a bunch of plebs buying sats. They reply to one another showing that they've bought at least one more dollar's worth than the previous post. Right now it seems to be at around $234. So the next person can buy $235 worth and add to the stackchain

205 sats \ 0 replies \ @0209e6cb61 21 Jul 2022 freebie

As of writing we are at block 244

200 sats \ 0 replies \ @derekross 21 Jul 2022

I can confirm that this is the most fun I've had on Twitter in a long ass time.

130 sats \ 0 replies \ @derekross 21 Jul 2022

We now have a Layer-2.

Layer-2 "The LightStack Network" Twitter Community will be utilized to help find orphaned stacks, forked stacks, and Stackjoin requests to be validated with over on the main chain. (See SIP-0003 for more information on Stackjoins.)

105 sats \ 0 replies \ @a 21 Jul 2022

Math fact:

The rate of total stacking is quadratic (x^2), even though the stack amount increase is linear (x).

Example:

If the last person stacks $420, then the approximate total stacked is on the order of $420 x $420, which is around $100,000.

Result:

The actual equation for total stacked is x(x-1)/2, where x is how much the last person stacked. So for the example above, the total stacked amount is 420*419/2= $87,990 which is close to the approximate answer.