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




Village Global's Venture Stories show

Summary: Muneeb Ali (@muneeb), co-founder of Stacks, joins Erik on this episode. Takeaways:<br><br>- 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."<br><br>- Bitcoin’s architecture implies that there shouldn’t be much flexibility and programmability on the base layer blockchain.<br><br>- A criticism of Ethereum is that it is trying to be too many things to too many people.<br><br>- There is a basket of Layer-1s that are gaining market share against Ethereum.<br><br>- 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.<br><br>- Bitcoin has the most mainstream adoption and has “crossed the chasm” more than any other cryptocurrency.<br><br>- All of the forks of Bitcoin are worth less than 1% of the current market cap of Bitcoin.<br><br>- Bitcoin is very durable and resilient. Software created years ago for Bitcoin still works today, something that can’t be said about other chains.<br><br>Thanks for listening — if you like what you hear, please review us on your favorite podcast platform.<br><br>Check us out on the web at <a href="http://www.villageglobal" rel="noopener">www.villageglobal</a>.vc or get in touch with us on Twitter @villageglobal.<br><br>Want to get updates from us? Subscribe to get a peek inside the Village. We’ll send you reading recommendations, exclusive event invites, and commentary onthe latest happenings in Silicon Valley. <a href="http://www.villageglobal.vc/signup" rel="noopener">www.villageglobal.vc/signup</a>