Pakistani-American computer scientist
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6 episodes with Muneeb Ali
4 episodes with Muneeb Ali
4 episodes with Muneeb Ali
4 episodes with Muneeb Ali
4 episodes with Muneeb Ali
3 episodes with Muneeb Ali
2 episodes with Muneeb Ali
3 episodes with Muneeb Ali
3 episodes with Muneeb Ali
By now you may be aware of bitcoin's origin story that begins following the 2008 financial crisis. The essence of cryptocurrency continues to evolve with every new blockchain technology. It's an innovative space being fueled with unprecedented energy. In the midst of so many innovations on blockchain, bitcoin continues to stand as a storehouse of value that no other cryptocoin has been able to compete with. Muneeb Ali is a Pakistani computer scientist with a PhD in computer science from Princeton, co-founder and CEO of Trust Machines. He is co-founded the Stacks project, a unique programming software created to be smart contract layer that sits on top of bitcoin minus the tension. Muneeb is CEO of Hiro, a developer tooling company. In this conversation Muneeb and Tom discuss the unique attributes that allow bitcoin to stand high above the rest and the likeliness of its usability in a practical marketplace. This is about a deeper understanding to what is incentivizing blockchain, why it's drawing in so many people, and its implications to web 3.0 To learn more about Web3, Impact Theory has created a free resource for all that are interested. You are welcome to explore and learn with us as we continue to grow: https://web3u.impacttheory.com/ As you know, it's my mission to help teach you how to build the MINDSET and SKILLS that will help you live an extraordinary life - and over the last few months I've been working hard behind the scenes to help create a brand-new tool that will help you do that. It's called Kyzen - and I am proud to announce that I will be bringing it to the world later this year to challenge you to empower yourself and accomplish greater things in life. To learn more, join my Discord at impacttheory.com/discord! [Original air date: 5-24-22]. SHOW NOTES: 0:00 | Introduction to Muneeb Ali 1:24 | Web 3.0 Explained 6:06 | Decentralized Blockchain 12:58 | Bitcoin's Incentive Structure 22:01 | Sound Money Revolution 36:05 | DeFi Money Market 47:11 | Crypto Marketplace 55:55 | Future of Crypto Regulation 58:44 | Bitcoin, Smart Contracts, & Stacks 1:13:20 | Bitcoin Usability & Predictions 1:26:44 | Onboarding Cities into Web 3.0 CHECK OUT OUR SPONSORS Range Rover: Explore the Range Rover Sport at https://landroverUSA.com Miro: Bring your teams to Miro's revolutionary Innovation Workspace and be faster from idea to outcome at https://miro.com. Found Banking: Stop getting lost in countless finance apps and try Found for free at https://found.com/impact. Netsuite: Download the CFO's Guide to AI and Machine Learning for free at https://netsuite.com/theory Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact Factor: Get 50% off your first box plus 20% off your next month while your subscription is active at https://factormeals.com/impacttheory50 with code impacttheory50. Follow Muneeb Ali: Website: https://muneeb.com/ Twitter: https://twitter.com/muneeb What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business: join me here at ZERO TO FOUNDER SCALING a business: see if you qualify here. Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here. If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. Join me live on my Twitch stream. I'm live daily from 6:30 to 8:30 am PT at www.twitch.tv/tombilyeu LISTEN TO IMPACT THEORY AD FREE + BONUS EPISODES on APPLE PODCASTS: apple.co/impacttheory FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu Learn more about your ad choices. Visit megaphone.fm/adchoices
The latest price moves and insights with Jennifer Sanasie. Plus, a conversation with Stacks co-founder Muneeb Ali and Brad Keoun on the ecosystem's Nakamoto Upgrade.To get the show every day, follow the podcast here.Stacks co-founder Muneeb Ali joins CoinDesk with insights on the ecosystem's latest Nakamoto upgrade and the evolving landscape of bitcoin layer 2s. Plus, the latest movements in bitcoin and Bhutan's BTC bag.-This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.-This episode was hosted by Jennifer Sanasie. “Markets Daily” is produced by Jennifer Sanasie and Melissa Montañez, and edited by Victor Chen. All original music by Doc Blust and Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The latest price moves and insights with Jennifer Sanasie. Plus, a conversation with Stacks co-founder Muneeb Ali and Brad Keoun on the ecosystem's Nakamoto Upgrade.To get the show every day, follow the podcast here.Stacks co-founder Muneeb Ali joins CoinDesk with insights on the ecosystem's latest Nakamoto upgrade and the evolving landscape of bitcoin layer 2s. Plus, the latest movements in bitcoin and Bhutan's BTC bag.-This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.-This episode was hosted by Jennifer Sanasie. “Markets Daily” is produced by Jennifer Sanasie and Melissa Montañez, and edited by Victor Chen. All original music by Doc Blust and Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Muneeb Ali is the co-founder of Stacks, which is a L2 that enables smart contracts and decentralized applictions to be built on top of Bitcoin. Muneeb is an early adopter in the blockchain industry with over a decade of experience. He offers a unique and insightful perspective on the current landscape of leading Layer 1 blockchains. In our conversation, we explore his views on the role of Layer 2 solutions for Bitcoin, how it compares to Ethereum and Solana, and why Bitcoin holds a unique position as sound money. We also delve into broader industry trends and what the future might hold for scaling solutions. 0:00 Bitcoin L2s 4:07 Muneeb Ali 8:03 Stacks 24:42 Bitcoin VS Ethereum 27:42 Ethereum VS Solana 38:35 Bitcoin As Money 50:40 BitVM 54:24 Rollups on Bitcoin 56:00 DeFi On Bitcoin 1:03:28 EVM 1:05:55 Getting Started With Stacks This episode was sponsored by: NEAR: https://redactedbangkok.ai/?utm_source=thedefiant&utm_medium=referral&utm_campaign=defiant&utm_content=newsletter Stellar: https://stellar.org/soroban?utm_source=defiant&utm_medium=cpc&utm_campaign=defiant_podcast ✨ Check out our new website ✨ https://thedefiant.io/
OG's McCormack and Ali weigh in on Bitcoin's functionality and market dominance. Sponsored by BitGo. Today's "All About Bitcoin" segment was broadcast live from Consensus 2024 in Austin, Texas. It featured Bitcoin OGs Peter McCormack and Muneeb Ali discussing Bitcoin Layer 2 solutions and the growth of the Bitcoin ETF market.Chapters00:00 Bitcoin Layer 2 Solutions07:22 Bitcoin's Dominance and Core Principles23:08 Differentiating ETFs28:02 Bitcoin ETFs and Investor InterestLINKS | BitGo Peter McCormack Muneeb Ali -This episode was hosted by Jennifer Sanasie and Sam Kessler. “Markets Daily” is produced by the CoinDesk team: production assistant Victor Chen, senior producer Michele Musso, executive producer Jared Schwartz, and Senior Booker, Melissa Montañez.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Bitcoin OG's McCormack and Ali weigh in on Bitcoin's functionality and market dominance. Sponsored by BitGo. Today's "All About Bitcoin" segment was broadcast live from Consensus 2024 in Austin, Texas. It featured Bitcoin OGs Peter McCormack and Muneeb Ali discussing Bitcoin Layer 2 solutions and the growth of the Bitcoin ETF market.Chapters00:00 Bitcoin Layer 2 Solutions07:22 Bitcoin's Dominance and Core Principles23:08 Differentiating ETFs28:02 Bitcoin ETFs and Investor InterestLINKS | BitGo Peter McCormack Muneeb Ali -This episode was hosted by Jennifer Sanasie and Sam Kessler. “Markets Daily” is produced by the CoinDesk team: production assistant Victor Chen, senior producer Michele Musso, executive producer Jared Schwartz, and Senior Booker, Melissa Montañez. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
No one better to discuss the bull case for Bitcoin L2s than long-time Bitcoin advocate and Stacks founder, Muneeb Ali. In today's video, we explore the competitive landscape of Bitcoin L2s, highlighting Stacks' first-mover advantage and why Muneeb is extremely bullish on Bitcoin scaling primitives. We discuss the initial use cases for Bitcoin as collateral for yield generation, Bitcoin as a payment system, as well as the great "unlockening" of billions in dormant capital. We also discuss the modular vs. integrated debate, and how he views the progressive modularization of Bitcoin as it aims to be more scalable. As the conversation became more technical, we touched on the utilization of various trust models and mechanisms, including federations and threshold wallets with economic incentives. Muneeb shed light on how Stacks leverages institutional partners for security. Join us for a conversation about the bull case for Bitcoin L2s with one of the earliest adopters of scaling tech. Website: https://therollup.co/ Spotify: https://open.spotify.com/show/1P6ZeYd.. Podcast: https://therollup.co/category/podcast Follow us on X: https://www.x.com/therollupco Follow Rob on X: https://www.x.com/robbie_rollup Follow Andy on X: https://www.x.com/ayyyeandy Join our TG group: https://t.me/+8ARkR_YZixE5YjBh The Rollup Disclosures: https://therollup.co/the-rollup-discl
In this episode, we dove deep into the exciting developments in the Bitcoin Layer 2 space, which is seeing a surge in developer activity and growth. Our first guest, Muneeb Ali, CEO of Trust Machines and creator of Stacks, shared insights on the upcoming Nakamoto protocol launch. Stacks, a Bitcoin Layer 2 solution, aims to improve transaction speeds while maintaining Bitcoin's security. Muneeb discussed the importance of making BTC programmable and the upcoming launch of a decentralized bridge, SBTC, which will simplify moving BTC to Layer 2.We also touched on the cultural shift within the Bitcoin community, where building on Bitcoin is becoming more accepted and collaborative. Muneeb highlighted the significance of Bitcoin L2s in creating a vibrant ecosystem that can compete with other networks like Ethereum and Solana. He envisions a future where Bitcoin is the reserve currency for all types of assets, including meme coins and real-world assets.Our second guest, Andy Fajar Handika, CEO of Loka Mining, discussed the challenges and opportunities in the Bitcoin mining industry. Andy's platform aims to democratize Bitcoin mining by providing smaller miners with better access to finance, thus promoting decentralization. Loka Mining offers innovative products that allow individuals to invest in Bitcoin mining operations and provide liquidity to miners.Both guests underscored the importance of innovation and collaboration in the Bitcoin space, with the goal of making Bitcoin the backbone of a new financial ecosystem. As the host, I'm excited to see these projects lead the charge in Bitcoin's evolution and can't wait to witness the impact they will have on the industry.If you're as fascinated by these developments as I am, make sure to tune in to The Charlie Shrum Show for more insights from the frontlines of Bitcoin and crypto innovation.
Muneeb Ali is the CEO of Trust Machines and the co-creators of Stacks — a layer-2 that enables smart contracts and decentralized applications to utilize bitcoin for base-layer security. In this episode of The Scoop, Ali discusses the growth and importance of Bitcoin Layer 2 solutions. He emphasizes the need for BTC capital to be deployed in L2s and the potential for Bitcoin L2s to become a significant category in the crypto industry. According to Ali, creating more on-chain uses for bitcoin will ultimately make the asset more valuable: “Bitcoin rails can be upgraded through layer-2s... There can be all sorts of use cases that that are deployed there and BTC the capital can be more productive — it will make bitcoin more valuable.”
Host Jennifer Sanasie breaks down the latest news in the crypto industry. And, a conversation with Stacks' co-creator Muneeb Ali on developments in the Bitcoin ecosystem.To get the show every day, follow the podcast here."First Mover" host Jennifer Sanasie breaks down the latest price movement of bitcoin (BTC) as the largest cryptocurrency by market cap is trading near $53,500 after surging more than 20% since the beginning of this year. Plus, a conversation with Stacks' co-creator and Trust Machines CEO Muneeb Ali on what's exciting in the Bitcoin ecosystem.-Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry's most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Register now at consensus.coindesk.com.-This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Fifteen years after the birth of Bitcoin, the network is now entering an era of remarkable innovation and change, according to Stacks' co-creator Muneeb Ali. On this episode of Unchained recorded at the Bitcoin Builders conference, Muneeb explores the complexities and advancements within Bitcoin's Layer 1 and Layer 2. He shares his perspectives on what's fueling innovation in Bitcoin's Layer 1 and discusses the implications of Ordinal Inscriptions amid criticism of it by core developers. He delves into the various scaling solutions within Bitcoin, highlighting how trust assumptions vary among them, and how BitVM could be a 'game changer'. He goes over the advantages of integrating smart contracts on Bitcoin, and why he considers BTC the only true form of monetary asset. Show highlights: What's driving innovation in Bitcoin's L1 How Muneeb feels about Ordinals Inscriptions in Bitcoin, considering the criticism from some core developers How, in the recent years, research and development in crypto happened outside of Bitcoin, and how that's changing now, according to Muneeb The different types of scaling solutions in Bitcoin and how the trust assumptions differ in each of them Why he feels like BitVM is a 'game changer' and what it enables What the Nakamoto upgrade is on Stacks The advantages of having smart contracts on Bitcoin, according to Muneeb Why he says that BTC is the only asset that is money The challenges to having privacy in Bitcoin Thank you to our sponsors! Popcorn Network iTrustCapital Polkadot Guest Muneeb Ali, co-creator of Stacks Previous appearances on Unchained: Bitcoin Ordinal NFTs Are Hot and Getting Hotter. What's the Hype About? - NFT Crypto Blockstack On Getting Independence From Google, Facebook And Amazon Links Recent news: Unchained: Stacks, a Bitcoin Layer 2 Protocol, Sees All-Time High in Total Value Locked A New Era for Bitcoin Is Here, Whether Bitcoin Maximalists Like It Or Not Bitcoin Passes the $1 Trillion Market Cap Mark; All Cryptos Combined Reach $2 Trillion Bitcoin L2s: Unchained: Are Layer 2s on Bitcoin Having a Moment? How Botanix Aims to Enable Smart Contracts on Bitcoin An Ethereum-Like Experience Built on Bitcoin? Learn more: What Are Opcodes in Bitcoin? A Beginner's Guide What Are BRC-20 Tokens? What Are ORC-20 Tokens? How to Create a Bitcoin Ordinal Learn more about your ad choices. Visit megaphone.fm/adchoices
Stacks' co-creator Muneeb Ali says that this is the most exciting time to build on Bitcoin. Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Fifteen years after the birth of Bitcoin, the network is now entering an era of remarkable innovation and change, according to Stacks' co-creator Muneeb Ali.On this episode of Unchained recorded at the Bitcoin Builders conference, Muneeb explores the complexities and advancements within Bitcoin's Layer 1 and Layer 2. He shares his perspectives on what's fueling innovation in Bitcoin's Layer 1 and discusses the implications of Ordinal Inscriptions amid criticism of it by core developers. He delves into the various scaling solutions within Bitcoin, highlighting how trust assumptions vary among them, and how BitVM could be a 'game changer'. He goes over the advantages of integrating smart contracts on Bitcoin, and why he considers BTC the only true form of monetary asset. Show highlights:What's driving innovation in Bitcoin's L1 How Muneeb feels about Ordinals Inscriptions in Bitcoin, considering the criticism from some core developersHow, in recent years, research and development in crypto happened outside of Bitcoin, and how that's changing now, according to MuneebThe different types of scaling solutions in Bitcoin and how the trust assumptions differ in each of themWhy he feels like BitVM is a 'game changer' and what it enablesWhat the Nakamoto upgrade is on StacksThe advantages of having smart contracts on Bitcoin, according to MuneebWhy he says that BTC is the only asset that is moneyThe challenges to having privacy in BitcoinThank you to our sponsors! Popcorn Network | iTrustCapital | PolkadotGuestMuneeb Ali, co-creator of StacksPrevious appearances on Unchained: Bitcoin Ordinal NFTs Are Hot and Getting Hotter. What's the Hype About? - NFT CryptoBlockstack On Getting Independence From Google, Facebook And AmazonLinksRecent News:Unchained: Stacks, a Bitcoin Layer 2 Protocol, Sees All-Time High in Total Value LockedA New Era for Bitcoin Is Here, Whether Bitcoin Maximalists Like It Or NotBitcoin Passes the $1 Trillion Market Cap Mark; All Cryptos Combined Reach $2 TrillionBitcoin L2s:Unchained: Are Layer 2s on Bitcoin Having a Moment?How Botanix Aims to Enable Smart Contracts on BitcoinAn Ethereum-Like Experience Built on Bitcoin?Learn more:What Are Opcodes in Bitcoin? A Beginner's GuideWhat Are BRC-20 Tokens? What Are ORC-20 Tokens? How to Create a Bitcoin Ordinal-Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Fifteen years after the birth of Bitcoin, the network is now entering an era of remarkable innovation and change, according to Stacks' co-creator Muneeb Ali. On this episode of Unchained recorded at the Bitcoin Builders conference, Muneeb explores the complexities and advancements within Bitcoin's Layer 1 and Layer 2. He shares his perspectives on what's fueling innovation in Bitcoin's Layer 1 and discusses the implications of Ordinal Inscriptions amid criticism of it by core developers. He delves into the various scaling solutions within Bitcoin, highlighting how trust assumptions vary among them, and how BitVM could be a 'game changer'. He goes over the advantages of integrating smart contracts on Bitcoin, and why he considers BTC the only true form of monetary asset. Show highlights: What's driving innovation in Bitcoin's L1 How Muneeb feels about Ordinals Inscriptions in Bitcoin, considering the criticism from some core developers How, in the recent years, research and development in crypto happened outside of Bitcoin, and how that's changing now, according to Muneeb The different types of scaling solutions in Bitcoin and how the trust assumptions differ in each of them Why he feels like BitVM is a 'game changer' and what it enables What the Nakamoto upgrade is on Stacks The advantages of having smart contracts on Bitcoin, according to Muneeb Why he says that BTC is the only asset that is money The challenges to having privacy in Bitcoin Thank you to our sponsors! Popcorn Network iTrustCapital Polkadot Guest Muneeb Ali, co-creator of Stacks Previous appearances on Unchained: Bitcoin Ordinal NFTs Are Hot and Getting Hotter. What's the Hype About? - NFT Crypto Blockstack On Getting Independence From Google, Facebook And Amazon Links Recent news: Unchained: Stacks, a Bitcoin Layer 2 Protocol, Sees All-Time High in Total Value Locked A New Era for Bitcoin Is Here, Whether Bitcoin Maximalists Like It Or Not Bitcoin Passes the $1 Trillion Market Cap Mark; All Cryptos Combined Reach $2 Trillion Bitcoin L2s: Unchained: Are Layer 2s on Bitcoin Having a Moment? How Botanix Aims to Enable Smart Contracts on Bitcoin An Ethereum-Like Experience Built on Bitcoin? Learn more: What Are Opcodes in Bitcoin? A Beginner's Guide What Are BRC-20 Tokens? What Are ORC-20 Tokens? How to Create a Bitcoin Ordinal Learn more about your ad choices. Visit megaphone.fm/adchoices
Muneeb Ali joins us to break down the STX20 trend and share what we can anticipate in 2024 when it comes to development of Bitcoin L2s. The Ordinal Show is a series of regular Twitter Spaces featuring conversations with amazing people from the Bitcoin Ordinals community. Every Mon at 10:30am ET & Wed at 6:30pm ET. Hosted by Trevor.btc, Jan and Leonidas. Follow us on Twitter: https://twitter.com/TheOrdinalShow Subscribe to our Substack: https://theordinalshow.substack.com
We're joined by Muneeb Ali, the co-creator of Stacks and CEO of Trust Machines, who breaks down the L2 trilema in the context of Bitcoin as well as Ethereum. The Ordinal Show is a series of regular Twitter Spaces featuring conversations with amazing people from the Bitcoin Ordinals community. Every Mon at 10:30am ET & Wed at 6:30pm ET. Hosted by Trevor.btc, Jan and Leonidas. Follow us on Twitter: https://twitter.com/TheOrdinalShow Subscribe to our Substack: https://theordinalshow.substack.com
On today's episode we are joined bu Muneeb Ali, the CEO of Trust Machines and co-creator of STACKS on Bitcoin. We discuss the challenges of building on bitcoin, the need for L2s, Bitcoins current cycle and other blockchains scaling out faster than Bitcoin. Today's episode is sponsored by Trust Machines, building the largest ecosystem of applications on Bitcoin. Trust Machines Twitter Tune in live every Tuesday from 2PM Eastern to 3PM. Buy our NFT Join our Discord Check out our Twitter Check out our YouTube Give us your thoughts on the show by leaving a rating. -- DISCLAIMER: You should never treat any opinion expressed by the hosts of this content as a recommendation to make a particular investment, or to follow a particular strategy. The thoughts and commentary on this show are an expression of the hosts' opinions and are for entertainment and informational purposes only. This show is never financial advice.
Muneeb Ali, CEO of Trust Machines, discusses the latest with crypto. Julia Pollak, Chief Economist at ZipRecruiter, talks about the July jobs report. Javier Palomarez, President and CEO of the United States Hispanic Business Council, discusses the latest jobs numbers and employment trends. And We Drive to the Close with Leo Kelly, CEO of Verdence Capital Advisors. Hosts: Tim Stenovec and Madison Mills Producer: Sara LivezeySee omnystudio.com/listener for privacy information.
Muneeb Ali, CEO of Trust Machines, discusses the latest with crypto. Julia Pollak, Chief Economist at ZipRecruiter, talks about the July jobs report. Javier Palomarez, President and CEO of the United States Hispanic Business Council, discusses the latest jobs numbers and employment trends. And We Drive to the Close with Leo Kelly, CEO of Verdence Capital Advisors. Hosts: Tim Stenovec and Madison Mills Producer: Sara LivezeySee omnystudio.com/listener for privacy information.
Muneeb Ali is the Co-Creator of Stacks. In this episode, we discuss whether Stacks can scale Bitcoin. Stacks can be thought of as a Bitcoin layer for smart contracts to build decentralized applications. Muneeb guides us through everything you need to know as a new DeFi user on Stacks, including the hot debate over whether Stacks is an L2 or not, how to earn BTC by stacking STX, and the massive Nakamoto upgrade which will enable trustless bridging of native BTC from the Bitcoin network directly to Stacks L2.
Muneeb Ali joins us to discuss how Stacks is bringing DeFi to Bitcoin. We cover Stacks design, the Bitcoin DeFi thesis, L2 security guarantees, Stacks' recent implementation bug and more! And as usual, we start the episode with our analyst bullpen to discuss Aave's GHO, TradFi announcements, Optimism's Bedrock, Frax governance shenanigans and BitDAO. - - Timestamps: (00:00) Introduction (00:55) Hot Seat/Cool Throne (27:19) Interview Start: Stacks (42:22) The Proof-of-Transfer Mechanism (46:55) The Nakamoto Release: A Security Budget Upgrade (53:21) The Bitcoin DeFi Thesis (57:49) Bitcoin Subnets (1:01:10) The “Stack Increase” Bug (1:17:15) Bitcoin MEV and Censorship (1:25:03) Increasing Miner Competition (1:28:37) Reorg Concerns and Orphan Blocks - - Follow Muneeb: https://twitter.com/muneeb Follow Sam: https://twitter.com/swmartin19 Follow Dan: https://twitter.com/smyyguy Follow Ren: https://twitter.com/purplepill3m Follow Pibblez: https://twitter.com/0xpibblez Follow Blockworks Research: https://twitter.com/blockworksres Subscribe on YouTube: https://bit.ly/3foDS38 Subscribe on Apple: https://apple.co/3SNhUEt Subscribe on Spotify: https://spoti.fi/3NlP1hA Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Today's episode is brought to you by the Atom Accelerator, now offering grants to build out the ATOM economic zone! It's the perfect time to build with Cosmos and join the thriving ATOM ecosystem. With Interchain Security live, and the power of IBC connecting the interchain, builders are flocking to Cosmos. Join the ranks of Neutron, Lido, Astroport, Gitcoin, Mars and numerous other projects harnessing Cosmos' leading infrastructure. Discover how to secure a grant from the Atom Accelerator by visiting https://www.atomaccelerator.com/ today! - - Resources: Stacks https://www.stacks.co/ Stacks Roadblocks (Blockworks Research Twitter thread) https://twitter.com/blockworksres/status/1659228801384194049 - - Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place Blockworks Research: https://www.blockworksresearch.com/ Free Daily Newsletter: https://blockworks.co/newsletter - - Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.
Muneeb needs no introduction. He is an OG in the Bitcoin space and has been building in the space for over a decade. He co-created the Stacks blockchain with Ryan Shea and currently is the CEO of Trust Machines which is building the largest ecosystem of applications focused on making Bitcoin more useful. Follow Muneeb on Twitter: https://twitter.com/muneeb Learn more about Trust Machines: https://trustmachines.co/ Learn more about Stacks: https://www.stacks.co/
I run one of the biggest Twitter Spaces in crypto every Tuesday at 11 am EST with the biggest names in crypto. Guests of this show include Sandeep Nailwal, co-founder of Polygon, Stani Kulechov, co-founder of Aave, Muneeb Ali, co-founder of Stacks, Alex Miller, CEO of Hiro, Udi Wertheimer, Matti Greenspan and others. ►►THE DAILY CLOSE BRAND NEW NEWSLETTER! INSTITUTIONAL GRADE INDICATORS AND DATA DELIVERED DIRECTLY TO YOUR INBOX, EVERY DAY AT THE DAILY CLOSE. TRADE LIKE THE BIG BOYS.
►►THE DAILY CLOSE BRAND NEW NEWSLETTER! INSTITUTIONAL GRADE INDICATORS AND DATA DELIVERED DIRECTLY TO YOUR INBOX, EVERY DAY AT THE DAILY CLOSE. TRADE LIKE THE BIG BOYS.
The Ordinal Show is a series of regular Twitter Spaces featuring conversations with amazing people from the Bitcoin Ordinals community. Every Mon at 10:30am ET & Wed at 6:30pm ET. Hosted by Trevor.btc, Jan and Leonidas. Follow us on Twitter: https://twitter.com/TheOrdinalShow Subscribe to our Substack: https://theordinalshow.substack.com
Muneeb Ali, co-creator of Stacks, discusses the Bitcoin trend that has everyone – or at least, many Bitcoiners – buzzing: Bitcoin ordinals. Ali explains why it is that they've taken up block space, pushed Bitcoin fees higher, and caused controversy in the community. Plus, he explains why the phenomenon has generated excitement about Stacks. Show highlights: how Ordinals technology works to enable NFTs in the Bitcoin blockchain the difference between NFTs in smart contracts platforms like Ethereum vs. NFTs in Bitcoin the way in which the Taproot upgrade allowed Ordinals technology to exist what security measures to take in order to protect one's Bitcoin NFTs why the Bitcoin maxi community reacted negatively to Ordinals why Stacks jumped so much in price after the release of Ordinals what Muneeb thinks is the significance of Yuga Labs launching NFTs on Bitcoin Thank you to our sponsors! Crypto.com Railgun DAO Guest Muneeb Ali, co-creator of Stacks Twitter Previous appearance on Unchained: Blockstack On Getting Independence From Google, Facebook And Amazon Links Unchained: BAYC Creator Yuga Labs to Launch Bitcoin Ordinal NFTs Decrypt: What Are Ordinals? A Beginner's Guide to Bitcoin NFTs Dune: Ordinals - Inscriptions on Bitcoin Episodes about Bitcoin mentioned in the show: Does Maximalism Help or Hurt Bitcoin? Lyn Alden and Udi Wertheimer Debate Eric Wall and Udi Wertheimer on Why Bitcoin Maximalism Is ‘Like a Shitcoin Community' Is Bitcoin Doomed to Fail? Eric Wall and Justin Bons Face Off Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode of Empire, Muneeb Ali, the founder of Stacks, joins us to discuss Bitcoin's sudden transformation. Until the last two months, Bitcoin was (perceived as) simply a store of value, a religion. However, Ordinals, a Bitcoin NFT project, has redirected the spotlight to Bitcoin's underlying tech and utility - a technology that can support NFTs, DeFi and more. Muneeb provides his unique insights in this eye-opening episode! - - Timestamps: (00:00) Introduction (00:53) Bitcoin is a technology, not a religion (06:43) Building apps on Bitcoin (12:36) Has Ordinals transformed Bitcoin's future? (24:42) Stacks and Bitcoin DeFi (29:30) Blockworks Research (31:04) Stacks and Bitcoin DeFi (35:57) What will Bitcoin look like in 12 months? - - Follow Muneeb: https://twitter.com/muneeb Follow Jason: https://twitter.com/JasonYanowitz Follow Santi: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Resources Empire's first-ever episode (with Muneeb) https://tinyurl.com/4vnbxwkz Stacks https://www.stacks.co/ - - Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
Muneeb Ali, co-creator of Stacks, discusses the Bitcoin trend that has everyone – or at least, many Bitcoiners – buzzing: Bitcoin ordinals. Ali explains why it is that they've taken up block space, pushed Bitcoin fees higher, and caused controversy in the community. Plus, he explains why the phenomenon has generated excitement about Stacks. Show highlights: how Ordinals technology works to enable NFTs in the Bitcoin blockchain the difference between NFTs in smart contracts platforms like Ethereum vs. NFTs in Bitcoin the way in which the Taproot upgrade allowed Ordinals technology to exist what security measures to take in order to protect one's Bitcoin NFTs why the Bitcoin maxi community reacted negatively to Ordinals why Stacks jumped so much in price after the release of Ordinals what Muneeb thinks is the significance of Yuga Labs launching NFTs on Bitcoin Thank you to our sponsors! Crypto.com Railgun DAO Guest Muneeb Ali, co-creator of Stacks Twitter Previous appearance on Unchained: Blockstack On Getting Independence From Google, Facebook And Amazon Links Unchained: BAYC Creator Yuga Labs to Launch Bitcoin Ordinal NFTs Decrypt: What Are Ordinals? A Beginner's Guide to Bitcoin NFTs Dune: Ordinals - Inscriptions on Bitcoin Episodes about Bitcoin mentioned in the show: Does Maximalism Help or Hurt Bitcoin? Lyn Alden and Udi Wertheimer Debate Eric Wall and Udi Wertheimer on Why Bitcoin Maximalism Is ‘Like a Shitcoin Community' Is Bitcoin Doomed to Fail? Eric Wall and Justin Bons Face Off Learn more about your ad choices. Visit megaphone.fm/adchoices
Recently, a new phenomenon called Ordinals, known as NFTs on Bitcoin reignited interest in Bitcoin and got people wondering - what else is possible and is this the start of something bigger? At the center of this discussion is Stacks, a smart-contract layer built on Bitcoin that is working to unlock the $500 billion Bitcoin capital via DeFi, NFTs, and more. In this Blockcrunch episode, Muneeb, co-creator of Stacks shares with us: How Stacks is going to unlock the potential of Bitcoin Why build on Bitcoin over other ecosystems Stack's upcoming upgrades Host: Jason Choi @mrjasonchoi . Not financial advice. Timestamps: (00:00:00) – Introduction to Stacks (00:03:24) – Stacks over the years (00:07:28) – Path to becoming 1st SEC-approved token offering (00:11:48) – History of Bitcoin and blockchains (00:18:53) – Ordinals drawing attention back to Bitcoin (00:30:37) – Why some Bitcoin Maxis hate Ordinals (00:36:38) – Ordinal's use-cases (00:40:49) – What exactly is Stacks (00:47:58) – Use-case of Stacks token (00:51:26) – Why build on Bitcoin over other ecosystems (00:57:08) – How Ordinals benefits Stacks Sponsor message: Filecoin is enabling open services for data, built on top of IPFS. Today, Filecoin focuses primarily on storage as an open service, but looks to build the infrastructure to store, distribute and transform data. Join the Space Warp program (Live until March 2023) to be among the first to build on the Filecoin Virtual Machine (FVM) https://spacewarp.fvm.dev/ More Resources: Guest Stacks's Website: https://www.stacks.co/ Stacks's Twitter: https://twitter.com/Stacks Muneebs's Twitter: https://twitter.com/muneeb Blockcrunch Blockcrunch VIP: https://blockcrunch.substack.com/ Blockcrunch Twitter: https://twitter.com/theBlockcrunch Jason Choi's Twitter: https://twitter.com/mrjasonchoi Disclaimer: The Blockcrunch Podcast (“Blockcrunch”) is an educational resource intended for informational purposes only. Blockcrunch produces a weekly podcast and newsletter that routinely covers projects in Web 3 and may discuss assets that the host or its guests have financial exposure to. Views held by Blockcrunch's guests are their own. None of Blockcrunch, its registered entity or any of its affiliated personnel are licensed to provide any type of financial advice, and nothing on Blockcrunch's podcast, newsletter, website and social media should be construed as financial advice. Blockcrunch also receives compensation from its sponsor; sponsorship messages do not constitute financial advice or endorsement. Full disclaimer: https://blockcrunch.substack.com/about
Top signal for crypto natives.
The CEO of Trust Machines discussed the coming bitcoin bull market in building.This episode is sponsored by Nexo.io, Circle and Kraken.Today's guest is Muneeb Ali, CEO of Trust Machines and founder of Stacks.Find our guest on Twitter: @muneeb-Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds and keeps innovating with products like the Nexo Wallet - a non-custodial smart wallet that allows you to create your Web3 identity. Get early access at nexo.io/wallet.-Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today's show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle's USDC Hub for Businesses.-Kraken, the secure, trusted digital asset exchange, is our sponsor for today's show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. Your account is covered by regular Proof of Reserves audits, industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com/breakdown.-“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our holiday theme music is "Spike The Eggnog" by Two Dudes. Music behind our sponsors today is “Back To The End” by Strength To Last. Image credit: Namthip Muanthongthae/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This episode is sponsored by Nexo.io, Circle and Kraken. Today's guest is Muneeb Ali, CEO of Trust Machines and founder of Stacks. Find our guest on Twitter: @muneeb - Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds and keeps innovating with products like the Nexo Wallet - a non-custodial smart wallet that allows you to create your Web3 identity. Get early access at nexo.io/wallet. - Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today's show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle's USDC Hub for Businesses. - Kraken, the secure, trusted digital asset exchange, is our sponsor for today's show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. Your account is covered by regular Proof of Reserves audits, industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com/breakdown. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our holiday theme music is "Spike The Eggnog" by Two Dudes. Music behind our sponsors today is “Back To The End” by Strength To Last. Image credit: Namthip Muanthongthae/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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.Thanks for listening — if you like what you hear, please review us on your favorite podcast platform.Check us out on the web at www.villageglobal.vc or get in touch with us on Twitter @villageglobal.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. www.villageglobal.vc/signup
Gina Abrams was a recruiter for tech startups until one day she came across a project that was so exciting she knew she had to pitch herself for the job. Fast forward to now, and Gina has spent many years as an integral part of the web3 community and now serves as Chief of Staff at Trust Machines where the focus is on building the largest ecosystem of Bitcoin applications. * She sat down with me to talk about what it's like to be a woman working on the forefront of the next wave of computing, why decentralization is a total paradigm shift that's opening doors for many kinds of businesses, what excites her the most about Stacks, and where she sees the web3 space headed from here. * "Just because you can do all these cool things that can redistribute money in different sorts of ways, doesn't make money the most interesting thing about Web3… This is literally the next wave of computing we're talking about. It's not just a flash in the pan. We should take it seriously." - Gina Abrams * "I think there's something for everyone in Web3. There's all sorts of projects being worked on, and all sorts of builders that are creating, and a lot of them like to do it in public; there's a ton of accessibility compared to other industries… there's nothing stopping you." - Gina Abrams - What We Unraveled * Gina's background in the Stacks ecosystem, and how she found her way from recruiting for startups to chief of staff at Trust Machines (and why she believes the tech and crypto space needs a broad range of skill sets to really work) * Why Gina pins her superpower as understanding what it takes to collaborate successfully * What drew Gina to Web3 and why, as a recruiter, she pitched herself for a role in the space * What decentralization is and why Gina sees it as a paradigm shift for business that opens new doors, and facilitates more imagination and creation * The difference between Bitcoin and Stacks * What excites Gina the most about Stacks and the way it's been able to solve problems in interesting and creative ways * Why the Stacks community is so beautiful compared to communities outside of the web3 space, and why this is significant * The power of being principled and clear on what you want to do in the shifting landscape of crypto * What Gina believes are the key foundations of getting started in crypto, and the importance getting a grasp on how the space has evolved and getting first hand experience on what's actually working * Where Gina sees gaps in the world of Web3, and which directions she feels will have the most growth * Gina's experience being one of the first women in the Web3 and Stacks spaces, and what she'd offer women wanting to learn more - Meet Our Guest Gina is Chief of Staff at Trust Machines where the focus is on building the largest ecosystem of Bitcoin applications. She has been in the crypto ecosystem for five years and helped build the Hiro team, has been a campaign manager for growth initiatives and special projects, and holds a weekly Stacker Chat series with Stacks Founder, Muneeb Ali. Connect with Gina on Twitter: https://twitter.com/Gina__Abrams (twitter.com/Gina__Abrams) - Unravel Further Trust Machines: https://www.trustmachines.co/ (trustmachines.co) Bitcoin white paper: https://bitcoin.org/en/bitcoin-paper (bitcoin.org) https://podcasts.apple.com/kw/podcast/stacker-chats/id1598954744 (Stacker Chats Podcast) Ethereum Meltem Demirors: https://twitter.com/melt_dem (twitter.com/melt_dem) Brittany Laughlin: https://twitter.com/br_ttany (twitter.com/br_ttany) Katherine Wu: https://twitter.com/katherineykwu (twitter.com/katherineykwu) Rena Shah: https://twitter.com/renapshah (twitter.com/renapshah) Zest Protocol: https://twitter.com/zestprotocol (twitter.com/zestprotocol) Console.xyz: https://twitter.com/consoledao (twitter.com/consoledao) Pond by Claire-Louise Bennett Broad Band by Claire L. Evans - Connect with Vane Twitter:...
Watch the Full Episode for FREE: https://londonreal.tv/dr-muneeb-ali-unleashing-the-bitcoin-beast-smart-contracts-will-create-a-more-decentralised-internet/
To learn more about Web3, Impact Theory has created a free resource for all that are interested. You are welcome to explore and learn with us as we continue to grow: https://web3u.impacttheory.com/ As you know, it's my mission to help teach you how to build the MINDSET and SKILLS that will help you live an extraordinary life - and over the last few months I've been working hard behind the scenes to help create a brand-new tool that will help you do that. It's called Kyzen - and I am proud to announce that I will be bringing it to the world later this year to challenge you to empower yourself and accomplish greater things in life. To learn more, join my Discord at impacttheory.com/discord!By now you may be aware of bitcoin's origin story that begins following the 2008 financial crisis. The essence of cryptocurrency continues to evolve with every new blockchain technology. It's an innovative space being fueled with unprecedented energy. In the midst of so many innovations on blockchain, bitcoin continues to stand as a storehouse of value that no other cryptocoin has been able to compete with.Muneeb Ali is a Pakistani computer scientist with a PhD in computer science from Princeton, co-founder and CEO of Trust Machines. He is co-founded the Stacks project, a unique programming software created to be smart contract layer that sits on top of bitcoin minus the tension. Muneeb is CEO of Hiro, a developer tooling company. In this conversation Muneeb and Tom discuss the unique attributes that allow bitcoin to stand high above the rest and the likeliness of its usability in a practical marketplace. This is about a deeper understanding to what is incentivizing blockchain, why it's drawing in so many people, and its implications to web 3.0SHOW NOTES:0:00 | Introduction to Muneeb Ali1:24 | Web 3.0 Explained 6:06 | Decentralized Blockchain12:58 | Bitcoin's Incentive Structure22:01 | Sound Money Revolution36:05 | DeFi Money Market47:11 | Crypto Marketplace 55:55 | Future of Crypto Regulation58:44 | Bitcoin, Smart Contracts, & Stacks 1:13:20 | Bitcoin Usability & Predictions1:26:44 | Onboarding Cities into Web 3.0QUOTES:“It's like a trustless system that just works without having any central point of control and that's the key thing that a lot of people get confused about.” [9:13]“An NFT is not a picture, it's a picture with matrix code hidden inside of it.” Tom Bilyeu [21:04]“It's like open source technology that created money that is not controlled by anyone, and that type of thing has never existed in our society…” [23:04]“DeFi has 100% visibility into what risk exists in the market and how it's going to work.” [38:25]“It's abundantly clear now to me, especially in the last couple of years, that the rate at which this industry is evolving, regulators just can't keep up.” [56:17]“If something is not truly decentralized you're losing the best property that these systems bring, and bitcoin is by far the most decentralized blockchain out there.” [1:01:49]“What this is allowing to happen at a financial level is you're giving me the incentive to learn this and put energy into it.” Tom Bilyeu [1:05:19]“The only thing that people need to understand about Stacks is that it is simply a two-layer solution on top of bitcoin, so there's no tension between a money layer and a smart contract layer.” [1:08:05]Follow Muneeb Ali:Website: https://muneeb.com/ Twitter: https://twitter.com/muneeb
On today's episode of The Metaverse Podcast, we talk to Muneeb Ali, the founder of Stacks, a Bitcoin smart contracting platform unleashing the potential of Bitcoin's capital enabling users to build apps, smart contracts, and digital assets that are integrated with Bitcoin's security, capital, and network. Muneeb is joined by our host and CEO, Jamie Burke, where they discuss the inherent tension in Ethereum, Bitcoin being the main Web3 alternative to FIAT money, wrapped Bitcoin, creating productive capital, encouraging innovation, taking Bitcoin to the mass market, building Hyper-chains, and more... don't miss it! ------------ Whether you're a founder, investor, developer, or just have an interest in the future of the Open Metaverse, we invite you to hear from the people supporting its growth. Outlier Ventures is the Open Metaverse accelerator, helping over 100 Web3 startups a year. You can apply for startup funding here - https://ov.click/pddsbcq122 Questions? Join our community: Discord - https://ov.click/pddssodcq122 Telegram - https://ov.click/pddssotgq122 Twitter - https://ov.click/pddssotwq122 LinkedIn - https://ov.click/pddssoliq122 More - https://ov.click/pddslkq122 For further Open Metaverse content: Listen to The Metaverse Podcast - https://ov.click/pddsmcq122 Sign up for our quarterly live events at - https://ov.click/pddsdfq122 Check out our portfolio - https://ov.click/pddspfq122 Thanks for listening!
Video: https://youtu.be/OwJL0J_nPDE 00:00:00 - Intro Matt Odell 00:05:35 - Coinjoins & Coinswaps - With Ben Carman, Craig Raw, Fontaine, Nicholas Gregory 00:50:03 - Funding Open Source Bitcoin Developers - With Mike Schmidt, Adi Shankara, Ben Price, Conor Okus 01:17:10 - Lightning Payments (The Future Of Commerce) - With Andre Neves, Ben Arc, Rockstar Dev, Alyse Killeen 01:55:27 - Mempools With Wiz, Murch, Gloria Zhao, Sergej Kotliar 02:37:28 - Lightning Privacy (Concerns & Solution) - With Niftynei, Tony Giorgio, Evan Kaloudis & Shinobi 03:17:46 - Sidechains (Benefits & Tradeoffs) - With Paul Sztorc, Chad Barraford, Muneeb Ali, Diego Gutierrez Zaldivar, Burak Keceli 03:58:38 - Federated Chaumian Mints (Keynote) - With Obi Nwosu 04:12:43 - The Future of Bitcoin Privacy - With Eric Sirion & Obi Nwosu twitch: https://twitch.tv/citadeldispatch bitcointv: https://bitcointv.com/video-channels/citadeldispatch/videos podcast: https://www.podpage.com/citadeldispatch telegram: https://t.me/citadeldispatch support the show: https://citadeldispatch.com/contribute stream sats to the show: https://www.fountain.fm/ join the chat: https://matrix.to/#/#citadel:bitcoin.kyoto
My guest today is Dr. Muneeb Ali, co-Founder of Stacks. Stacks is a layer-1 blockchain solution that is designed to bring smart contracts and decentralized applications (DApps) to Bitcoin (BTC). These smart contracts are brought to Bitcoin without changing any of the features that make it so powerful — including its security and stability. Stacks looks to take what makes Bitcoin so powerful, and extends it with additional functionality, without needing to fork or change the original Bitcoin blockchain. Dr. Muneeb Ali is the co-founder of Stacks, bringing apps and smart contracts to Bitcoin. He serves as the CEO of Hiro PBC, a Public Benefit Corp that builds developer tools for Stacks and Bitcoin. He has raised $75 million USD in funding from investors like Union Square Ventures, Y Combinator, Lux Capital, Winklevoss Capital, and others. Hiro PBC was recently featured in CNBC's list of 100 promising startups to watch. Muneeb received his Ph.D. and Masters in Computer Science from Princeton University, where his Ph.D. thesis was nominated for the ACM SIGCOMM dissertation award. Muneeb gives guest lectures on cloud computing at Princeton and his research publications have over 1,600 citations. He is one of the main characters in the book Life After Google and was a technical advisor to the HBO show Silicon Valley. IN our conversation we discuss a variety of topics including Bitcoin, the early days of Bitcoin, Stacks and building on Bitcoin, and much more. We begin our conversation by discussing the differences between Web 2 and Web3. Muneeb does an excellent job at explaining the platform risks that exist throughout the Web2 ecosystem. Our conversation transitions to Bitcoin. We discuss how Bitcoin is freedom money and how it is helping both Ukrainian and Russian citizens navigate this incredibly difficult time. We also discuss the early days of Bitcoin and what attracted us to the space. Muneeb shares stories from the early days of Bitcoin showing how small the community was and how much the movement has grown. Our conversation transitions to a discussion centered around building on top of Bitcoin. Muneeb explains the various different protocols being built on top of Bitcoin like Stacks, Liquid, and RSK. We discuss how these work and their various trade offs. Muneeb breaks down Proof-of-Transfer, merge mining, and federated systems. We also touch on the growth of the developer base within the Stacks ecosystem and some exciting new projects being built on Stacks. Our final topic of conversation centered around why build on Bitcoin and why Bitcoin is the future. Please enjoy my conversation with Dr. Muneeb Ali -- ParaSwap: If you want to make a swap at the best price across the DeFi market, check out https://untoldstories.link/paraswap. ParaSwap's state-of-the-art algorithm beats the market price across all major DEXs and brings you the most optimized swaps with the best prices, and lowest slippage. -- This podcast is powered by Blockworks. For exclusive content and events that provide insights into the crypto and blockchain space, visit them at https://blockworks.co
Muneeb Ali is another Bitcoin O.G. He's been in the space since 2011 and his project Stacks, formerly Blockstack, pulled off the first SEC-approved token sale for its STX token. But even though Muneeb has become the leading advocate for building dapps on top of the Bitcoin blockchain (as opposed to Ethereum), don't call him a Bitcoin maximalist. He tells Dan Roberts and Jeff Roberts how he fends off maximalists on Twitter, what he'd do if he were Twitter CEO, and how the Stacks ecosystem is growing and proving Bitcoin can be more than just a store of value. For more from Decrypt, visit decrypt.co and follow @decryptmedia on Twitter. Hosts, guests, and credits: Dan RobertsTwitter: @readDanwrite Jeff RobertsTwitter: @jeffjohnroberts Muneeb AliTwitter: @muneeb Podcast art by Grant Kempster gm from Decrypt is a Redd Rock Music PodcastInstagram: @reddrockmusicwww.reddrockmusic.com Hosted on Acast. See acast.com/privacy for more information.
Muneeb Ali is another Bitcoin O.G. He's been in the space since 2011 and his project Stacks, formerly Blockstack, pulled off the first SEC-approved token sale for its STX token. But even though Muneeb has become the leading advocate for building dapps on top of the Bitcoin blockchain (as opposed to Ethereum), don't call him a Bitcoin maximalist. He tells Dan Roberts and Jeff Roberts how he fends off maximalists on Twitter, what he'd do if he were Twitter CEO, and how the Stacks ecosystem is growing and proving Bitcoin can be more than just a store of value. For more from Decrypt, visit decrypt.co and follow @decryptmedia on Twitter. Hosts, guests, and credits: Dan RobertsTwitter: @readDanwrite Jeff RobertsTwitter: @jeffjohnroberts Muneeb AliTwitter: @muneeb Podcast art by Grant Kempster gm from Decrypt is a Redd Rock Music PodcastInstagram: @reddrockmusicwww.reddrockmusic.com Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.
It's a special episode featuring original poems from Reddit's writer community! Special thanks to Muneeb Ali, low-tie, and Liz Ringo for letting us read their poems on air, and also to r/OCPoetry for bringing together talented people from the many corners of the internet.
Building on Bitcoin with Stacks. Muneeb Ali was kind of enough to stop by and discuss his product "Stacks". Stacks is a proposed layer 2 technology that is built on top of bitcoin. A lot of people in the bitcoin ecosystem have reservations about products such as Stacks which have their own asset being built “on top of bitcoin”. Some say this is just a marketing ploy, so I asked Muneeb to come on to get to the bottom of it. Muneeb answered all of my questions and helps share the differences between proof-of-stake, eth vs his product, Stacks.Muneeb shares his passion for computer programming, the early days of bitcoin and what it was like starting up a company. His passion for Stacks is shown clearly through the dedication of his team and his willingness to come on and answer some tough questions. As Always, we appreciate you tuning into the Show. If you are new here make sure to hit subscribe and turn on notifications. This channel puts a lot of effort into its shows, we value your time and promise to keep the quality up. We are also always looking for ways to improve the show so send us any feedback you might have.Thank you as always and I will see YOU on the other side!-------------------Please make sure to like, subscribe and hit the notification bell. Doing so helps support the channel and bring in new and exciting guests.ALSO!!! Be sure to join the "Smart People Shit" telegram for a more in-depth discussion on what's going on in the world of bitcoin and receive exciting content that is exclusive to the followers in the Telegram. **Link to SPS Telegram**Http://t.me/smartpeopleshit-------------------Guest: - Twitter: @muneeb- Stacks: https://www.stacks.co/- Website: https://muneeb.com/Host: Dennis Porter - Twitter: https://twitter.com/dennis_porter_?s=21Producer: Jacob Pope- Twitter: https://twitter.com/producer_jacob?s=21----------------------------------------------------------SHOW SPONSOR:Special thanks to Cory and the team over at SwanBitcoin. It's the best place to buy bitcoin. Use the link swanbitcoin.com/MB to get $10 in free bitcoin when you sign up for a new account.Swanbitcoin.com/mb----------------------------------------------------------As a side note, this podcast is not financial advice. Any opinions expressed by the Host and the Guest are strictly for educational and entertainment purposes only and should be viewed as such. Thank you for your support and I'll see you on the other side!
Many NFT drops, Jude Nelson releases how App Chains will work, An automated contract for mining MiamiCoin, Interviews with Muneeb Ali & Chiente Hsu, and an update on the CityCoins Wallet. Listen in!
Muneeb Ali the founder of Stacks discusses bringing DeFi to the Bitcoin Network without comprising security or decentralisation. Stacks 2.0 is working to bring smart contracts, NFTs and Dapps as a second layer solution. Sponsored by @blockfi get up $250 when you join: blockfi.com/layah
dlab PM Paul Saint-Donat chats with Muneeb Ali, Co-Founder of Blockstack and CEO of Hiro, about: - The origin story of Stacks - The advantages of a smart contract platform built on Bitcoin - The importance of having a formally verified programming language - The differences between IPFS, Filecoin, and Gaia - And more. Muneeb Ali https://twitter.com/muneeb Stacks https://www.stacks.co/ Paul Saint-Donat https://twitter.com/psaintdonat dlab https://dlab.vc/
My guest today is Muneeb Ali, Co-Founder of the Stacks Project (formerly Blockstack) and CEO of Hiro. On this episode of Empire, we talk about Muneeb's upbringing in Pakistan and the sacrifices his family made to get him his first computer, military dictatorship vs democratic rule, how he lied about a grant to get a job in Sweden and then ran out of money, and why it's better to build on Bitcoin than create a new chain. ––– Empire is brought to you by Blockworks, a financial media brand delivering breaking news and premium insights about digital assets to millions of investors. For more content like Empire, visit http://blockworks.co/podcasts. Follow me on Twitter @JasonYanowitz and let me know what you thought of the show!
Muneeb Ali, Co-Founder and CEO of Blockstack PBC, connects with Matt Luongo, Founder at Fold and Keep. Matt describes how his journey to buy a home eventually led to the projects he's working on now and how the developer communities surrounding Ethereum and Bitcoin have influenced the broader crypto ecosystem. They dive into what is driving the interest in DeFi and discuss how we can bring more functionality to Bitcoin. See omnystudio.com/listener for privacy information.
In this episode, Blockstack Co-founder Muneeb Ali is joined by Kyle Samani of Multicoin Capital. Together, they start by tackling the question, 'what is crypto good for?' and then move on to discuss the Web 3.0 Stack, if Ethereum can evolve, DeFi vs. centralized finance, the polarization of exchanges, native chain intercommunication, Bitcoin finality, scaling Layer 1, and more.See omnystudio.com/listener for privacy information.
In this episode, we sit down with Preethi Kasireddy - self-taught engineer turned entrepreneur and founder of TruStory - and Muneeb Ali, CEO of Blockstack PBC. The two discuss Preethi’s journey of bringing TruStory to life, the regulatory challenges for crypto companies, Blockstack’s path to the SEC’s approval of its Stacks Token, and more. 0:02:13 Preethi: "I started to realize that my real passion was engineering, not finance." 0:02:48 Preethi: "I graduated college in 2012 and went to A16Z at the end of 2013." 0:02:54 Muneeb: "So this is like the early days of crypto, A16Z hadn't made the Coinbase investment yet." 0:03:10 Preethi: "It was through that investment [in Coinbase] that got me a little bit curious [in crypto]." 0:03:28 Muneeb: "How did you decide to leave Coinbase and start your own company?" 0:04:08 Preethi: "Coinbase - in the end - is a centralized company... so I wasn't really getting the kind of experience I really wanted." 0:04:55 Preethi: "I think one of the things that's missing - still, even to this day - in this space is lack of documentation and blog posts. Especially two years ago." 0:05:43 Muneeb: "It seems like you went into a deep dive on crypto... and then you ended up almost building a community around crypto. What was the thought process around that?" 0:05:58 Preethi: "I was just super passionate about this space. I also innately enjoy educating." 0:06:42 Muneeb: "[On Twitter] it seemed like a lot of these crypto communities are a little bit like religion." 0:06:57 Muneeb: "I noticed the conversation on TruStory was a lot more civil." 0:07:41 Preethi: "It bothers me a lot that people have a negative idea of what it means to debate." 0:08:18 Preethi: "We're trying to teach people the fact that debate doesn't have to be defeating... you don't need anxiety or to get angry..." 0:08:36 Muneeb: "Debates on Twitter - it's probably the worst medium for it." 0:09:23 Preethi: "You hit on two things: (1) Twitter was built for broadcast, not conversation (2) more importantly: the intent. People don't come on Twitter with the intent to seek to learn the other side." 0:10:45 Muneeb: "The kind of financial incentives that are at play here in crypto are not found anywhere else." 0:11:02 Muneeb: “But still, part of me wishes that there were those more structured, peer-review type processes in place in crypto. TruStory seems like a crypto-native take on something like that." 0:11:21 Preethi: "We can't expect crypto to be like these other industries, purely because there's money tied into it." 0:11:57 Muneeb: "You got caught up in an ICO scandal? Is that real?!" 0:12:07 Preethi: "When I was exploring early in the crypto space - just like everyone else - I had rose-colored glasses and everything looked shiny." 0:12:18 Preethi: "I ended up jumping into a project... and two months later I had to leave because the project wasn't going to work out." 0:12:39 Preethi: "It was a huge shocker for me because it was the first time I took on a role and it was catastrophic." 0:12:59 Muneeb: "Did that somehow play a role in TruStory as well?" 0:13:07 Preethi: "The way I got information in crypto in the early days is I had to crowdsource it from my friends." 0:13:23 Preethi: "And I realized this was how most people were starting to get their information in crypto, too." 0:13:43 Preethi: "[Initially,] we were trying to do claim validation." 0:14:00 Preethi: "People were not just focusing on objective claims that had a right and a wrong answer, but were using it more as a tool to get to answers that are somewhat more subjective as well." 0:14:15 Preethi: "We pivoted over to debate from verifying 'objective claims'." 0:14:56 Preethi: "You are still learning truths, but it's not like there's one objective truth for every claim. It's more that you're coming in to understand and hear the different sides." 0:15:12 Muneeb: "I think it's very interesting that you noticed similar things in crypto - that it's like the Wild West and there's a lot of misinformation." 0:15:31 Muneeb: "Our response [at Blockstack] was more like "Why don't we work with regulators and try to have the traditional checks and balances in place that pretty much exist in public markets." 0:16:15 Muneeb: "I was very curious how the industry would perceive our approach, but I've been very pleased with the response." 0:16:53 Preethi: "Basically, what we're trying to do is take the Wild, Wild West and add a little bit of rationality and rules to it - but one could argue that's antithetical to decentralization." 0:17:26 Muneeb: "A lot of people thought the regulators are never going to approve anything." 0:18:05 Preethi: "Are you hoping to be the poster child for setting the right way to do these token sales?" 0:18:40 Muneeb: "No serious company is ever going to keep an asset on their balance sheet that they think might be illegal." 0:18:49 Muneeb: "For us it was about opening up the network in a fully regulated manner to the US markets because the other option is just to block US nationals." 0:19:02 Muneeb: "Part of the intention is also that this can help other projects." 0:19:42 Muneeb: "We were doing the analysis for the first time with our securities lawyer. Other people don't have to do it again and again." 0:20:07 Muneeb: "If you're familiar with what the SEC did with Ethereum, they effectively did not comment on how Ethereum started or how it reached a stage where they think it's no longer a security." 0:21:06 Preethi: "Being a crypto entrepreneur in the US is hard. Regulations aren't friendly, nobody's set the right path for what the right way to do anything is." 0:21:33 Preethi: "One of the TruStory community members noticed that the Blockstack token almost had to reinvent accounting principles to account for what these token sales represent." 0:22:01 Muneeb: "Accounting is different for different purposes. Like for tax purposes, we could actually recognize it as one thing, for your financial statements the treatment might be different." 0:22:20 Muneeb: "We would always take the worst case scenario in every type of treatment. We're willing to pay the highest amount of taxes and we're willing to treat our crypto holdings as fully discounted." 0:23:45 Preethi: "When you were considering going the SEC route, did you consider any other routes?" 0:23:55 Muneeb: "The alternatives were: (1) ban US investors and developers and go abroad (2) do the offering and go to court with the SEC." 0:24:56 Muneeb: "The technology can adapt to regulations faster than regulations can adapt to technology." 0:25:18 Muneeb: "Another option was to just wait for a new law to be introduced." 0:25:38 Preethi: "What about all the crypto startups that may not have as much capital?" 0:26:04 Muneeb: "People should look at the framework we used for some company that is at least a Series B stage startup from a traditional VC perspective. It's not for doing your seed round." 0:26:27 Muneeb: "Imagine going back to the 80s or 90s, where people were coming up with the typical Series A and Series B round and - interestingly - some of the decisions we made back then, we still live with them. Like four year vesting." 0:27:10 Muneeb: "It's not just the legal framework. Think about employee retention. We had come up with frameworks around how to do token drafts." 0:28:04 Preethi: "Now that you've worked with the SEC, are you more optimistic about the regulatory scenario in the US?" 0:28:16 Muneeb: "I'm extremely optimistic. A big shout out to the staff at the SEC." 0:28:48 Muneeb: "I know that to the outside world, even 10 months might seem like a long time. But for the SEC, where the securities regulations have been around since 1933 and they're trying to get a new type of an asset out. Imagine how many different questions there are." 0:29:26 Preethi: "I mean, even ICOs spend a year marketing their projects!" 0:29:39 Preethi: "What I struggle with is how to get the SEC comfortable with the fact that, unlike public company stock where it's a lot more liquid... with crypto projects, the liquidity comes way later in the network's lifecycle." 0:30:18 Muneeb: "If you go and read our SEC offering circular, it's almost like a mini IPO filing. And the section that is most comprehensive is our risk factors." 0:30:46 Muneeb: "In terms of the liquidity... my opinion is that the next big step for the industry is going to be regulated securities exchanges that will come into play." 0:31:35 Muneeb: "I think it will reduce the noise in the space. ... Unsophisticated players or obvious scams just won't be able to get through the door." 0:31:54 Preethi: "So you mean a more regulated version of an IEO?" 0:32:26 Muneeb: "[We were told] given how compliant you guys are trying to be, you're not a good fit for an IEO." 0:33:18 Preethi: "If done right, these types of token offerings are opening up the door for retail investors who never had access to this type of investing." 0:33:44 Muneeb: "The first 100,000 users of Facebook just used a free product and told all their friends about it, but they never had any financial upside in the success of Facebook." 0:34:02 Muneeb: "With a decentralized system and a crypto asset like this, the early users can also have a potential financial upside." 0:34:35 Muneeb: "Speaking of Facebook, what do you think about the recent headlines about them potentially installing backdoors in Whatsapp?" https://www.forbes.com/sites/kalevleetaru/2019/07/26/the-encryption-debate-is-over-dead-at-the-hands-of-facebook/#6644bdc55362 0:34:56 Preethi: "It's not new, right? [Facebook]'s been doing this for about a decade almost. But I think people started to get smarter only very recently." 0:35:19 Preethi: "I think it's going to take a long time before Facebook's culture internally changes to care about privacy because their whole business around user data. So to complete change that is not an overnight thing. It's a massive shift in how they do everything." 0:35:50 Muneeb: "I've been publicly supporting efforts like Facebook Libra." 0:36:40 Preethi: "I don't think culture can change overnight. Or even in one year. ... I struggle to understand how they'll meet the future, which I think is open and decentralized." 0:37:33 Muneeb: "I've been involved with some conversations with lawmakers where they want to have antitrust actions against Google and Facebook." 0:37:42 Muneeb: "I think Facebook has a worse image, generally, but internally in the US Government, I'm noticing more hostility towards Google than Facebook." 0:38:07 Muneeb: "When Facebook comes up and says 'We're completely going bypass a lot of these regulations that may apply and start anew global reserve currency, I think a lot of people are going to freak out." 0:38:26 Muneeb: "I never thought I would say this, but Microsoft is better positioned to deal with a lot of these things than Facebook or Google." 0:39:11 Muneeb: "Google and Facebook are two companies that are basically the native cloud computing companies. And their business model is 'let's just get as much user data as possible." 0:39:31 Muneeb: "Microsoft is actually not sitting on a lot of user data. And now, when the world is about to move away from this business model and there's a lot of heat around these big tech companies, Microsoft can come across as 'look we care about user privacy'." https://www.coindesk.com/microsoft-launches-decentralized-identity-tool-on-bitcoin-blockchain 0:40:43 Preethi: "They specifically said they didn't want [Facebook] to be a public utility, which is interesting because if that's not the case, you can't really claim it's going to be a global reserve currency." 0:41:22 Muneeb: "Speaking of decentralization, how decentralized is TruStory right now?" 0:41:35 Preethi: "We built the backend on Cosmos SDK - which gives you the tools to build decentralized applications." https://cosmos.network/ 0:41:54 Preethi: "Right now, we only have one node running, because everything is in beta." 0:42:26 Preethi: "The actual [TruStory] app has an in-app currency, and that same currency can be used for validating transactions on the backend." 0:42:41 Preethi: "It's a Tendermint blockchain and the consensus is the same thing as Tendermint." https://tendermint.com/ 0:42:48 Muneeb: "From what I can understand, they're helping people with the SDKs to start their own blockchains, and then they're working on interconnecting the different blockchains." 0:43:00 Muneeb: "Whereas, for [Blockstack] there's the stacks blockchain that gives developers the tools for basically building their apps apps on the stacks blockchain, for the most part." 0:43:10 Muneeb: "But if some app really needs the scalability of - let's say their transactions are becoming too much for the underlying main chain, then we have the concept of an app chain, where you're logically on top of the stacks blockchain." 0:43:33 Preethi: "They have many, many blockchains and then they connect these many blockchains using something called IBC, which is their interoperability protocol." 0:43:49 Muneeb: "I wanted to invite you live, so that you can't say no, to our conference in San Francisco." https://summit.blockstack.org/ 0:44:04 Muneeb: "Neil Stephenson is going to open up the conference with Naval Ravikant." 0:45:00 Muneeb: "My PHD thesis, Chapter 1, has a quote from Snowcrash." https://www.amazon.com/Snow-Crash-Neal-Stephenson/dp/0553380958 0:45:18 Goodbyes. 0:45:26 Credits. Preethi Kasireddy: twitter.com/iam_preethi Muneeb Ali: twitter.com/muneeb Zach Valenti: twitter.com/zachvalenti See omnystudio.com/listener for privacy information.
This episode features a conversation between Peter Van Valkenburgh - Director of Research at Coin Center, the leading non-profit focused on the policy issues facing cryptocurrencies like Bitcoin - and Muneeb Ali, CEO of Blockstack PBC. Peter and Muneeb discuss Coin Center’s mission and recent work, Facebook’s Libra Coin, the case for a true electronic cash, and more. 0:00:50 Peter's bio 0:01:09 Peter: "[Coin Center] was my first big job out of law school." 0:02:58 Muneeb: "You're OG now. When did Blockstack start sponsoring Coin Center?" 0:03:18 Peter: "Coin Center got its start in 2014. We got some really generous runway from a couple of donors who are just individuals who wanted to see a more adult advocacy organization in Washington, D.C. focused on this stuff." 0:04:56 Peter: "Coin Center is supposed to be an independent digital civil lIberties organization that goes and represents the underlying open technologies to Congress or to regulators." 0:06:08 Muneeb: "I simply say [the people at Coin Center]... actually understand this technology and they understand the regulations and the law, which is a rare combination. And they can be the right bridge between this technology and the various regulators or lawmakers." 0:06:29 Peter: "I think that's right. A lot of what we do I often think of as translation." 0:07:13 Peter: "More often than not we're explaining the law to lawyers in this space." 0:08:51 Peter: "There's no company - and all previous financial regulations - almost all - rely on finding a regulated entity and obligating that regulated entity to achieve the policy result that government wants." 0:09:37 Peter: "In the Bitcoin case, who's the issuer of the Bitcoin security?" 0:09:52 Peter: "Who in the Zcash space should be obligated for money laundering compliance?" 0:11:38 Muneeb: "One of my working theories is that Satoshi Nakamoto - whoever that person or group of individuals were - not only understood computer science, distributed systems, applied cryptography, and game theory, they actually knew securities regulation as well and that's why we don't know who is Satoshi Nakamoto." 0:12:42 Peter: "The policy objective that securities law seek to address are correcting the asymmetric information between issuers who are promising things to investors and the investors who've paid money to the investors." 0:13:51 Peter: "There are still the potential for information asymmetries. And I've sort of gotten into this debate with Angela Walch before about whether there's information asymmetries between software developers and the users of a software." 0:15:35 Muneeb: "Speaking of securities regulation I should just make a note here: we have a public filing with the SEC." 0:16:13 Peter: "From my perspective [Blockstack] has taken a really responsible and conservative approach to securities law compliance." 0:17:06 Peter: "I'm not a huge fan of the way we do investor protection in this country because it's very permissioned and it also excludes a lot of investors from participating." 0:18:58 Muneeb: "We actually had you host our Blockstack Summit in Berlin, and you interviewed Edward Snowden there. How was that experience? And has he been more active in the space? Or was that a one off thing?" 0:19:32 Peter: "That experience was awesome - it's still probably one of the craziest things I've ever done." 0:22:36 Peter: "I do think [Edward Snowden] has been quasi-active in the Zcash development community." 0:24:43 Peter: "He's worked on something really cool with the Freedom of the Press Foundation, which is if you have an old cell phone and want to turn it into an alarm system." 0:26:16 Muneeb: "Have you checked out any of the latest stuff that's been built on Blockstack?" 0:26:24 Peter: "I have a real interest in Graphite, which is the Google Docs type app." 0:27:05 Peter: "We've been looking for a long time for some sort of non-Google "Can't Be Evil" alternative to Google Docs." 0:29:29 Peter: "Network effects are a bitch, to put it a somewhat grotesque way. If you're talking about a communication system or a system where people pay each other, the systems that succeeded are not the ones that were best architected." 0:29:55 Peter: "Just look at all the attempts and failures at doing encrypted email." 0:30:16 Peter: "You're just going to default to the one everyone's on, even if it's not great for privacy." 0:32:32 Muneeb: "We're super excited to have [Neal Stephenson] at the 2019 Summit in San Francisco. I think Naval Ravikant is going to have a fireside chat." 0:33:40 Peter: "The Diamond Age describes Zcash." 0:36:01 Muneeb: "Coming back to this idea of decentralized applications - one model I have in my mind was when Linux was starting." 0:38:51 Peter: "Maybe decentralized apps will have their best success early on in those sort of niche enterprise / highly technical persons use-cases." 0:40:16 Peter: "Good luck getting a bunch of lawyers even to this day to group edit a Google Doc, let alone use Graphite." 0:40:24 Muneeb: "I think we knew that Linux won the server wars when even Microsoft started using Linux in their data centers." 0:40:32 Peter: "[Microsoft] has done a total 180, probably because they saw the writing on the wall as far as their consumer software business." 0:40:56 Muneeb: "What do you think of Facebook Libra?" 0:41:05 Peter: "I have a lot of thoughts about Facebook Libra. I should be careful about what I say because I don't want to be unfair." 0:41:30 Peter: "It's a really complicated system they're building that is still nonetheless permissioned. It's a permissioned blockchain." 0:42:29 Peter: "[Libra] is not an open blockchain. It's not a blockchain where anyone can add transactions to the ledger and independently verify the transactions." 0:43:15 Peter: "With Bitcoin, there's a lot of regulations that don't apply because it would be nonsensical to apply them because there isn't a centralized intermediary who you can trust to achieve the policy result you want." 0:43:32 Peter: "With Libra, that's not true at all. There are identified parties who you could trust to achieve the policy result you want." 0:43:56 Peter: "Even if you're an individual, you're not allowed to transact or interact economically with someone on the SDN list, like everyone in Iran." 0:44:42 Peter: "The Libra association is going to be this group of identified persons, which are really just corporations, including Facebook, Visa, and Mastercard. Whose laws are they going to comply with with respect to sanctions?" 0:45:21 Peter: "[Libra's] not censorship resistant cash. It's not really a cryptocurrency. It's just another payment rail. Why build it in such a complicated way?" 0:45:43 Peter: "Another thought is the whole reserve thing. So aside from being permissioned vs permissionless, Lbra is going to be asset-backed." 0:46:36 Peter: "If you are a company that has assets in a reserve, and people are trading - effectively - a pro-rata share of the value of those assets? That sounds like a security to me." 0:47:16 Peter: "And yet, I don't think there's plans to register Libra as a security because, frankly, if you did, it would be very useless as a currency, because it would only be allowed to be traded on securities exchanges." 0:48:09 Peter: "I've never seen such a rapid and aggressive response from members of Congress to a new tech project." 0:49:28 Muneeb: "Do you think the reaction from Washington is linked with some of the antitrust stuff as well?" 0:50:07 Peter: "Maybe they thought, 'This is us proving that we're investing in being less powerful'? Kind of like how they talk about WhatsApp a lot now." 0:51:03 Peter: "People in Congress ... are gonna say, 'This is Facebook, who some of us are already talking about anti-trust issues, and now they want to become the global reserve currency for all payments everywhere?" 0:51:40 Peter: "If any company is going to build a payments tool, they should build cryptocurrencies. I'm just disappointed they didn't basically fork Bitcoin or integrate it." 0:52:13 Muneeb: "That's what they say in the whitepaper, 'We're giving ourselves five years to figure out how to build an open system, but in the meanwhile - because of scalability - the only way to scale to a billion users is to use a closed system." 0:52:54 Peter: "I've heard a lot of people say that Move, the smart contract language [Facebook's] architected, is apparently extremely elegant." 0:53:17 Muneeb: "The motivation for Move is very similar to the smart contract language that we launched yesterday, Clarity." 0:54:38 Peter: "God knows that Solidity has had this particular issue where it's hard to know exactly what you just wrote in a smart contract until you launch it on Mainnet and someone breaks it in the DAO hack example." 0:55:44 Muneeb: "Ethereum is very interesting. They have a large community and kind of started everyone in the industry in a certain direction from a technology perspective. And I believe that most of those things were wrong." 0:57:05 Peter: "Maybe the network effects are just age-based, but it could also be this willingness to push stuff out there maybe before it's fully manicured or even fully compliant with the law." 0:57:51 Peter: "I should disclose that I'm a member of the Zcash Foundation's Board of Directors." 1:00:00 Muneeb: "I swear we're not doing this on purpose, but every decision we make ends up being the exact opposite of Ethereum." 1:04:13 Muneeb: "What's the biggest project you're spending your time on these days?" 1:05:50 Peter: "We were faced around a year and a half ago with, 'What's going to be a big issue in a year or two years? What do we need to start laying the groundwork on from a policy perspective now in order to have good policy outcomes later?'" 1:07:12 Peter: "Bitcoin, I think, ultimately needs to change and be more private and a lot of the privacy coins that we now see were originally proposed as amendments to the Bitcoin protocol." 1:08:38 Peter: "Any of the very public blockchains will ultimately need to find ways to obscure that transaction graph because, otherwise, we're gonna just be giving totalitarian states the best tool for mass surveillance that anyone's ever developed." 1:08:52 Peter: "So, with that in mind, we said 'What are the policy issues here?' And the big ones are anti money laundering law." 1:09:18 Peter: "Bank robbers use getaway cars. Even terrorists use encrypted messaging. This is just a reality, but that doesn't mean we should ban automobiles and encryption." 1:10:06 Peter: "We use the term 'electronic cash' because it's really like cash then. You can send it from one person to another, no one is in between, it's censorship resistant, and it doesn't leave a record." 1:10:23 Peter: "What if we get some sort of overbearing, overzealous response from policy makers that says we can't have these things anymore?" 1:11:51 Peter: "Most people have written about First Amendment issues here: ... if you're writing in computer code... it's still speech." 1:12:44 Peter: "What I don't think is a well enough explored area are the Fourth Amendment issues. The Fourth Amendment in the US says you need a warrant if you're a law enforcement and want to search somebody." 1:13:43 Peter: "Banks have been reporting our entire transaction history to governments whenever they ask, without a warrant, since 1970." 1:14:12 Peter: "The reason why that's constitutional in this context is because people willingingly hand over those records to banks during the regular course of business. ... You lose your reasonable expectation of privacy because your sharing it with a third-party." 1:15:09 Peter: "There's no reason for a developer to have all that private information about the users of their software. There's definitely a reason for a bank to have a bunch of information about the users of the bank." 1:15:48 Peter: "From a constitutional law standpoint... the only reason why it's okay for banks to bulk collect, surveil their users, and report that to government without a warrant, is that they have a reasonable business purpose to collect that information." 1:16:03 Peter: "There's no reasonable business purpose for an open source software developer to collect information about the users of their software - it just doesn't make sense." 1:16:29 Peter: "If it's interesting to your audience, I highly recommend you pick up our report. It's explained much more carefully and you don't need to be a lawyer or to have gone to law school to understand it." 1:17:33 Muneeb: "Where can people find you?" 1:17:37 Peter: "All our work at Coin Center is made public and made available at CoinCenter.org. And we rely on donations from people who are just excited about the technology and want to see good advocacy in DC." 1:18:18 Muneeb: "Blockstack is a supporter and we've been extremely happy with our involvement with Coin Center. They've been super helpful whenever we need them." 1:18:29 Muneeb: "Goodbyes." Peter Van Valkenburgh http://twitter.com/valkenburgh Muneeb Ali http://twitter.com/muneeb Zach Valenti http://twitter.com/zachvalenti See omnystudio.com/listener for privacy information.
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