Hey there, here’s your sign to stop doom scrolling. Like, now. We know it’s chaotic (to put it mildly) in the world of crypto, but we think you’ve had enough of that. This newsletter is your oasis in the crypto desert, the cozy ski lodge of your crypto winter.
As usual, we’ve captured highlights from the last quarter of building on Bitcoin. Before we jump into that, though, consider this
report from The Block as further framing of the immense opportunity in front of projects focused on Bitcoin. The report, commissioned by Trust Machines, covers why Bitcoin is a stable foundation, offers a comparison of various Bitcoin layers, and outlines potential challenges and catalysts for further adoption.
In our opinion, it highlights what many in the Stacks, Lightning, and other Bitcoin-based projects have been saying all along; that Bitcoin is the foundation you want to be building on.
“You’re going to want to build your buildings on a solid footing of granite, so bitcoin is made to last forever — high integrity, very durable.” Michael Saylor, CEO of MicroStrategy
And it’s not just a one-way relationship. Layers around Bitcoin are positive for Bitcoin itself, as highlighted in the report; “Bitcoin-based protocols, which increase the networks scalability and utility, are poised to expand its use cases, broaden its user base, and create a larger ecosystem that would generate more aggregate transaction fees - a positive for the network’s economic sustainability.”
Mitchell Cuevas and the Stacks Foundation Team
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🏗️ Building on Bitcoin
🚀 Bitcoin DeFi
📈 Stacks Stats
🙌 Stacks Ventures Demo Days
🦄 NFTs secured by Bitcoin
🛣️ Stacks Roadmap
🥳 Events, Conferences, & Parties
➕ Much more
