MrDecentralize on Nostr: In 2017, Bitcoin skeptics called it outdated—a relic too rigid for innovation. Yet, ...
In 2017, Bitcoin skeptics called it outdated—a relic too rigid for innovation. Yet, amidst the noise, one entrepreneur dared to see its untapped potential.
With a bold idea to merge apps and Bitcoin’s unmatched security, he faced doubters, hurdles, and the toughest question: Could it actually work?
This is the wild story of @muneeb & @Stacks 🧵👇
It’s 2017. The blockchain world is buzzing.Ethereum is the darling of developers. 🚀
Smart contracts.
Decentralized apps.
The new frontier of innovation.
And Bitcoin? It’s called “digital gold.” Valuable, sure—but boring.
Bitcoin skeptics said it was stuck in the past:
“No smart contracts.”
“No dApps.”
“Just a store of value.”
The narrative was clear: Bitcoin couldn’t evolve. But not everyone agreed...
Enter Muneeb Ali, a computer scientist with a radical idea: What if Bitcoin could host decentralized apps without sacrificing its unmatched security?
People laughed. Critics called it impossible. But Muneeb wasn’t deterred.
Why focus on Bitcoin?
Because it’s the most secure blockchain in existence:
Over $2 trillion in value secured.
A network hardened by 14+ years of global participation.
Muneeb believed Bitcoin wasn’t outdated. It was underutilized.
The challenge?
Bitcoin’s design prioritizes security and simplicity:
No smart contracts.
No programmability.
It’s why developers flocked to Ethereum instead. Muneeb’s mission? Bridge that gap.
Enter Stacks
Stacks is a layer-2 blockchain built to work alongside Bitcoin.Its secret weapon? Proof of Transfer (PoX):
Stacks apps leverage Bitcoin’s finality for security.
Bitcoin becomes the settlement layer for decentralized apps.
No forks. No compromises.
With Stacks, Bitcoin suddenly became programmable:
NFTs backed by Bitcoin.
DeFi apps secured by the strongest network.
Smart contracts anchored in Bitcoin’s immutability.
Critics were stunned. This wasn’t supposed to be possible.
But the road wasn’t smooth. Resistance came from all sides:
Hardcore Bitcoiners dismissed anything “layered” as unnecessary.
Ethereum loyalists scoffed: “Too little, too late.”
Even skeptics within the Stacks community doubted PoX’s scalability.
Muneeb kept building.
By 2021, Stacks had made waves:
Over 500 apps built on the Stacks ecosystem.
Bitcoin-backed NFTs gained traction.
Stacks token (STX) became the first SEC-qualified token offering.
The impossible was happening.
Then came the breakthrough sBTC
sBTC is the “holy grail” for Bitcoin innovation:
A fully decentralized way to bring Bitcoin into smart contracts.
No bridges. No custodians. No compromises.
Bitcoin could now power DeFi apps like never before.
The implications? Massive.Bitcoin wasn’t just a store of value anymore. It became the foundation for:
Decentralized finance.
Permissionless apps.
A truly sovereign web.
The Ethereum vs. Bitcoin debate suddenly got more interesting.
But here’s the irony
The same purists who dismissed Stacks now embrace its vision.
They see the need for programmability.
They acknowledge Bitcoin’s untapped potential.
Sometimes, it takes a disruptor to remind us of a system’s strengths.
Muneeb’s journey is a lesson for innovators everywhere:
Start with first principles. Bitcoin’s simplicity wasn’t a flaw; it was a strength.
Ignore the noise. Critics will always resist what they don’t understand.
Build for the long term. Real innovation takes time.
The bigger picture?
Stacks didn’t just make Bitcoin more useful—it reignited faith in Bitcoin’s adaptability.
Bitcoin isn’t “just digital gold.”
It’s the bedrock for a decentralized future.
And we’re just getting started.
Takeaways for creators and disruptors:
1️⃣ Don’t abandon a proven system. Improve it.
2️⃣ Innovation often requires resisting both skeptics and hype.
3️⃣ The most valuable ideas are the hardest to execute.
So, what do you think?
Is Bitcoin’s programmability the next big leap for crypto? Or should Bitcoin stay “simple and secure”?
💬 Share your thoughts! And if you found this story inspiring, share Muneeb’s vision with the world. ✨
Thanks for reading!
I work with founders and executives to decentralize traditional business models by incorporating Bitcoin’s core principles. Together, we’re building BitcoinFi on Stacks—the permissionless future has arrived!
Love what you read? Subscribe and never miss an update! 🔗 blockcity.substack.com
#Bitcoin #BTC #BTCFi #HODL #BlockCity #BlockCityFi #Satoshi #Freedom #Web3 #Entrepreneur #GrowNostr #MrDecentralize #STX #Stacks
With a bold idea to merge apps and Bitcoin’s unmatched security, he faced doubters, hurdles, and the toughest question: Could it actually work?
This is the wild story of @muneeb & @Stacks 🧵👇
It’s 2017. The blockchain world is buzzing.Ethereum is the darling of developers. 🚀
Smart contracts.
Decentralized apps.
The new frontier of innovation.
And Bitcoin? It’s called “digital gold.” Valuable, sure—but boring.
Bitcoin skeptics said it was stuck in the past:
“No smart contracts.”
“No dApps.”
“Just a store of value.”
The narrative was clear: Bitcoin couldn’t evolve. But not everyone agreed...
Enter Muneeb Ali, a computer scientist with a radical idea: What if Bitcoin could host decentralized apps without sacrificing its unmatched security?
People laughed. Critics called it impossible. But Muneeb wasn’t deterred.
Why focus on Bitcoin?
Because it’s the most secure blockchain in existence:
Over $2 trillion in value secured.
A network hardened by 14+ years of global participation.
Muneeb believed Bitcoin wasn’t outdated. It was underutilized.
The challenge?
Bitcoin’s design prioritizes security and simplicity:
No smart contracts.
No programmability.
It’s why developers flocked to Ethereum instead. Muneeb’s mission? Bridge that gap.
Enter Stacks
Stacks is a layer-2 blockchain built to work alongside Bitcoin.Its secret weapon? Proof of Transfer (PoX):
Stacks apps leverage Bitcoin’s finality for security.
Bitcoin becomes the settlement layer for decentralized apps.
No forks. No compromises.
With Stacks, Bitcoin suddenly became programmable:
NFTs backed by Bitcoin.
DeFi apps secured by the strongest network.
Smart contracts anchored in Bitcoin’s immutability.
Critics were stunned. This wasn’t supposed to be possible.
But the road wasn’t smooth. Resistance came from all sides:
Hardcore Bitcoiners dismissed anything “layered” as unnecessary.
Ethereum loyalists scoffed: “Too little, too late.”
Even skeptics within the Stacks community doubted PoX’s scalability.
Muneeb kept building.
By 2021, Stacks had made waves:
Over 500 apps built on the Stacks ecosystem.
Bitcoin-backed NFTs gained traction.
Stacks token (STX) became the first SEC-qualified token offering.
The impossible was happening.
Then came the breakthrough sBTC
sBTC is the “holy grail” for Bitcoin innovation:
A fully decentralized way to bring Bitcoin into smart contracts.
No bridges. No custodians. No compromises.
Bitcoin could now power DeFi apps like never before.
The implications? Massive.Bitcoin wasn’t just a store of value anymore. It became the foundation for:
Decentralized finance.
Permissionless apps.
A truly sovereign web.
The Ethereum vs. Bitcoin debate suddenly got more interesting.
But here’s the irony
The same purists who dismissed Stacks now embrace its vision.
They see the need for programmability.
They acknowledge Bitcoin’s untapped potential.
Sometimes, it takes a disruptor to remind us of a system’s strengths.
Muneeb’s journey is a lesson for innovators everywhere:
Start with first principles. Bitcoin’s simplicity wasn’t a flaw; it was a strength.
Ignore the noise. Critics will always resist what they don’t understand.
Build for the long term. Real innovation takes time.
The bigger picture?
Stacks didn’t just make Bitcoin more useful—it reignited faith in Bitcoin’s adaptability.
Bitcoin isn’t “just digital gold.”
It’s the bedrock for a decentralized future.
And we’re just getting started.
Takeaways for creators and disruptors:
1️⃣ Don’t abandon a proven system. Improve it.
2️⃣ Innovation often requires resisting both skeptics and hype.
3️⃣ The most valuable ideas are the hardest to execute.
So, what do you think?
Is Bitcoin’s programmability the next big leap for crypto? Or should Bitcoin stay “simple and secure”?
💬 Share your thoughts! And if you found this story inspiring, share Muneeb’s vision with the world. ✨
Thanks for reading!
I work with founders and executives to decentralize traditional business models by incorporating Bitcoin’s core principles. Together, we’re building BitcoinFi on Stacks—the permissionless future has arrived!
Love what you read? Subscribe and never miss an update! 🔗 blockcity.substack.com
#Bitcoin #BTC #BTCFi #HODL #BlockCity #BlockCityFi #Satoshi #Freedom #Web3 #Entrepreneur #GrowNostr #MrDecentralize #STX #Stacks