Blockcrunch - 20 Minute Crypto Insights

“This is the Most Important Thing on Bitcoin in the Past 5 Years” - Stack’s Muneeb Ali on Bitcoin Ordinals, Ep. 231

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Sinopsis

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 o