STACKS? Real tech for Bitcoin Layer2?

[Cryptoddler]

There have been so many bitcoin layer 2 projects last year and this year.
However, I don't really see a real product except Stacks.
Stacks have been building for nearly 5 years and their sBTC launch was truly amazing.
Can we really see the era of bitcoin DeFi with Stacks?
Can Bitcoin act like Ethereum? and bring so many BTC Maxis into the DeFi?
I hope to see something amazing with BTC.
What is everyone thnking about it?

[hugeblack]

Is the discussion about Blockstack and its Proof of Transfer (PoX) mechanisms to ensure scalability and decentralization, or about the price of Stacks (STX)?

Regarding the price, it has fallen from around $3.50 in April and December to levels below $0.70. Therefore, unless the price of Bitcoin rises, we will not see any change.

Can Bitcoin act like Ethereum? and bring so many BTC Maxis into the DeFi?

Ethereum's performance for this cycle has been terrible, so such comparisons are no longer positive.

[markm]

Its Nakamoto thing seems interesting except for the page that says there is only one miner who has tenure during a given bitcoin block.

That seems to imply a malicious "miner" could buy tenure then basically do nothing for up to more than ten minutes - however long that bitcoin block takes.

So at a cursory glance-over my immediate thought is why not have at least a few miners, like an understudy and understudy's understudy etc even if not simply all equally likely to get their blocks chosen by the signers.

So a number of malificents would need to gang up to force a whole bitcoin block to go by without a stacks block happening.


-MarkM-

[X-ray]

There are plenty such project trying to be L2 for bitcoin in the market already, some of them even offer capability of staking without the need to bridge which otherwise would put your BTC at risks.

Although stacks might be early, but I'm expecting the overall L2 landscape of BTC to be more or less the same as ETH, there will be many of them that you will forget some of them exist. Regardless bitcoin maxi will still stay in the bitcoin blockchain, mitigating unnecessary risks.

[Abiky]

There have been so many bitcoin layer 2 projects last year and this year.
However, I don't really see a real product except Stacks.
Stacks have been building for nearly 5 years and their sBTC launch was truly amazing.
Can we really see the era of bitcoin DeFi with Stacks?
Can Bitcoin act like Ethereum? and bring so many BTC Maxis into the DeFi?
I hope to see something amazing with BTC.
What is everyone thnking about it?

You think? What about Rootstock (RSK), Core Blockchain (Core DAO), and the Babylon Protocol? These L2s also a real product. All of these combined with Stacks, should eliminate the need for smart contract platforms such as Ethereum and Solana. I seriously doubt a Bitcoin maxi will use any of the aforementioned L2 networks, though. Especially when most maxis (if not all) want Bitcoin to be solely used for finance (money). Moving BTC away from its intended purpose, would make it no different than ordinary altcoins. The negative reaction against Ordinals NFTs on-chain, tells us exactly this. But I could be wrong.

With Bitcoin now being integrated into the world of "De-Fi", we can expect big things to happen in the future. Who knows? Maybe this will further diminish ETH's market share (dominance in the smart contracts space). I'd pay close attention to the development of BTC-based L2s just in case.