Web 3 Series: Bringing Smart Contracts to Bitcoin with Muneeb Ali


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Muneeb Ali (@muneeb), co-founder of Stacks, joins Erik on this episode. Takeaways:
- Muneeb says that Bitcoin is winning as money, and that he wants to make that capital productive. He’s "bringing smart contracts to where the money is."
- Bitcoin’s architecture implies that there shouldn’t be much flexibility and programmability on the base layer blockchain.
- A criticism of Ethereum is that it is trying to be too many things to too many people.
- There is a basket of Layer-1s that are gaining market share against Ethereum.
- One criticism of Bitcoin is that there are only two things you can do with a wallet — sit on your BTC or send it to someone else.
- Bitcoin has the most mainstream adoption and has “crossed the chasm” more than any other cryptocurrency.
- All of the forks of Bitcoin are worth less than 1% of the current market cap of Bitcoin.
- Bitcoin is very durable and resilient. Software created years ago for Bitcoin still works today, something that can’t be said about other chains.
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