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Stacks Campfire #5
Recorded: June 5, 2025 Duration: 1:01:30Space Recording
Short Summary
The Stacks community is experiencing a renaissance, marked by increased engagement and excitement around projects like SIP31 and Megapont. With positive regulatory developments and a strong focus on decentralized governance, Stacks is positioning itself as a leading Layer 2 solution for Bitcoin, driving growth and innovation in the ecosystem.
Full Transcription
Thank you. Hey GM GM everybody we're getting ready here to kick off just do us a favor go ahead and
and just post the space link out there on your timeline
and we'll get some more folks when we get this thing kicked off. Also, we're doing things a little different today.
If you want to come up and talk, request a mic.
You know, it's kind of an open forum.
We got a lot to talk about going on in the ecosystem.
I mean, we don't just have, you know, Vegas.
We've got SIP 31.
We've got just the market general so um yeah we're
gonna do things a little bit differently today so so just yeah if if you want to you know come
up and be on a panel cool if you have some questions at the end cool and um yeah it's
gonna be a good time guys
brother jack how are we doing today brother It's going to be a good time, guys.
Brother Jack, how are we doing today, brother?
Oh, doing fantastic.
Absolutely fantastic.
Bullish as always.
Bullish.
Bullish.
I love the name of the space, by the way.
Campfire number five. That's awesome, dude.
I don't know who came up with these names, but the campfire is funny because I had just sent someone a meme this morning about sitting by the campfire.
And then this thing fired up today.
And I thought it was really appropriate to the theme of today, campfire, just kind of sitting within the community. A lot of great,
great conversations have been sparked in the last few days and weeks. And I'm seeing this
whole renaissance in this community. So this timing is appropriate just right after the Bitcoin
conference. Man, it's just electric energy right now.
And just to see everyone coming together right now,
the community is bullish on what we're all doing together.
And obviously, there's a lot of comments, a lot of questions about this SIP31,
which needed to be had.
And so there's going to be a lot of good carve outs, it looks like.
I love that Alex is stepping up and leading the efforts here and being the face. And I think that
that's probably like the number one thing for me is that someone's stepping up, someone's going to
be the face of whatever this new entity is. And if there's one face, obviously Muneeb is just, he's out there
evangelizing for Bitcoin and the Bitcoin L2s and bringing more people into our space. So that
stuff is important. Somebody is out there talking to the institutions and onboarding
to Stacks and Bitcoin and L2s. And then having Alex behind the scenes, I like how he
phrased it that he's here and his background and his know-how is all about operations and making
things happen behind the scenes. And we're seeing that, right? So you have a good combination of
the foundation, Alex at Hero, Muneeb as kind of the visionary and the whole face of the whole Bitcoin
L2 movement. So what I'm seeing as far as like reactivating this community, putting community
grants back at the center of the heart, there's so many talented people in this ecosystem. I've
been around here since 2019 and I've seen a lot of people come. I've seen a lot of people go,
but the people that I've seen stick around and be here and want to be a part
of this, this community and want to build it up,
want to create something valuable for others to share in the success.
I mean, that's, that's just, it, it, it makes me feel good.
It makes me keep coming to this space. And, and it's like, this, an analogy in a thread a few days ago. It's like being in your country, wherever you live and wherever you're from, regardless of the politics, regardless of how bad a situation is, I'm not going anywhere. I'm going to stick through this thing. And we're going to make,
we're going to find that little way that we can all make this thing a little bit better
for our neighbors in this community, but beyond that as well. And so I thought you phrased it
really great. And so GM, GM to all you legends and all you wonderful people out there. This is amazing.
This is a great time
to be a part of this community. It's growing. It's becoming activated. Stacks is a leading
L2. And to be here in 2025, when everyone else is trying to say that they're Bitcoin L2,
remember, this wasn't the case four years ago. And it wasn't even the case a couple years ago.
The launch of Ordinals really created this whole renaissance on Bitcoin and we're here at a phenomenal time. So thank you to all you legends. Appreciate your time today, guys.
Well said. And I mean, not to take anything away from Alex because you're right,
he stepped up to the plate in a big way. But we're watching the community co-author a sip,
and this is the way it was always supposed to be.
I mean, this is the stuff that Hero dreams about, right?
So, I mean, that's, you know, just amazing.
Rubes, you're up here, brother.
You're representing in Lisbon.
Haven't heard your voice in a while, and that soothing accent, man.
How you doing?
Hey, guys, how's it going?
Yeah, it's good here it's
uh sorry i'm a little bit late i didn't want to join the uh the hotel wi-fi so i had to hot spot
and yeah there's a bunch of stuff but yeah i'm glad to be here yeah this is it's exciting time
man everything's everything's popping off everything's happening. Out there in Vegas, you know,
we were able to meet a lot of people from the ecosystem.
You know, hopefully next year we get to meet the man himself.
I'm looking forward to that for sure.
Yeah, I was so jealous of the Vegas stuff,
all the videos you were doing,
especially the Trio house, that looked awesome.
Obviously, Rosa on the decks as well.
But yeah, it looked like Stax had a really good presence out there,
which is awesome to see.
Dude, Stacks killed it.
Like, I mean, when you talk about community representation,
every event, every place we went into,
I mean, there was just dudes from Stacks there
and women from Stacks there and just representing hard
and evangelizing hard and talking to, and, and talking to people.
And I don't know, man, it was magical.
We talk about community a lot, but you really got to see what that means.
And, um, you're seeing it right now with the sip as well.
I mean, it's, it's massive and, um, well, hell let's see.
We got GP and peace up here too.
Uh, good morning guys. How's it how's it going my uh partners in crime what's up what's up jack what's up rubes zero gp i haven't talked to you
in about 10 minutes what's up guys it's always busy man what's up guys hope you're having a very
very high frequency week.
Yeah, right now I'm multitasking. I'm in the B-Pepe space. I'm in the Stax Campfire space while running the weekly Stacking Dial Pokemon tournament.
So bear with me, but I could not miss this one. Man, I'm telling you, the Stax Campfire spaces is where you get the alpha.
The planning goes down here and uh you know we're
connecting and vibing so uh yeah man this is what it's about amazing that is some serious
multitasking you do in there gp oh this is my day every single day trying to balance it oh that's
awesome um yeah i should have joined the pokemon tournament actually actually. I've got the TCG Pocket app. I should have joined up to that.
I feel like I should be doing more since I actually dropped out of the Bitcoin Pepe space to come in here.
And I'm only going to be producing Melanie's show where she's sitting down with Jonas from Hero Systems in about 20 minutes.
And that's all I have going on.
I can't really measure up the gp anymore
yeah you need to be doing at least one more thing piece at least one more thing
yeah with yeah man i've gotten really good at it uh you know i have my google calendar and it is
like filled out double double booked across the board but um you know i'm getting better at it
i'm getting better at it i'm loving it uh I love my position at zest and stacking doubt. And of course, you know,
I love the community, man. That's what it's about. I love the people here. So, um, you know,
I, I find a way I find a way I'm going to go out on. I'm going to say this now and meeting all of
the guys in Vegas. The whole crew is awesome everybody's great loved meeting
jack and mark and rosar and gp but i honestly think that the the mvp for our group was actually gp
he he pulled the weight all over the place he was kind of very like like just kind of running things behind the scenes a little bit dude was our mvp
for vegas let's go let's go gp let's go gp uh you know how much i love you brother but i just
want to i wasn't there in vegas and i i also had massive massiveOMO. My kids were not feeling well and I couldn't make it.
But like Rube said, I had massive FOMO.
And just seeing you guys have just an amazing time, that was what I experienced too last year at Nashville Bitcoin,
where it just felt like a lot of people in the Stacks ecosystem just would show up.
They were present. Like a lot of people in the stacks ecosystem just would show up.
They were present. And all of the guys, all of the girls you meet, they're just high frequency individuals.
And you'll start talking to someone like, and they'll say, well, I'm a school teacher or I'm a PhD student or I've been in building mode since I've been building systems, distributed systems across the globe
for the last 20 years.
That's this ecosystem.
It's just people who are good people, who love what they do, and they want to all see
all of us succeed here.
So it's just getting those real IRL events where you get to actually look someone in the eye, it's just unmatched.
And I'm glad you guys had such a blast, man.
Yeah, we definitely need to make next year's era.
Get the whole thing together.
Yeah, Rubes, and I really want to see you at an event, too.
I can't wait to see you somewhere, brother.
Yeah, definitely.
Give us some of the Alpha.
What's going on in Lisbon, and what's the vibe like?
Well, it's a little bit different.
So there's not a huge, like, Stax presence, really.
There's a few people that are kind of involved, but not, like, a massive presence here.
So I'm kind of flying, like, a bit more rogue, a bit more commando.
But speaking to a bunch of people, it's very interesting actually because you get the other perspective um of kind of like oh like do you
know about stacks obviously i was wearing my like stacks merch yesterday or whatever people like oh
like oh stacks i remember that was around and whatever it's actually crazy once you start
breaking out of someone like the echo chamber people don't realize what's going on and i'm
saying like oh yeah they've just had like the spCC cap raise. There's like 5,000 Bitcoin on there. And they're like, oh wow,
that's like, that's huge. And I'm like, yeah. So I've kind of been like talking a lot about
Stacks, obviously about Leo and Stacks tools and all the great other communities that we've got
on Stacks. I had an interesting panel yesterday with, it was with Tuxedo from Middle, which is like building
apps on like direct on Bitcoin layer one.
Also had ZC from Built on Bitcoin, Bob, which is pretty cool.
And Trio, so Brough from Trio obviously started out in stacks as well.
So that was quite an interesting panel to host and obviously talking a little bit about stacks.
But yeah, it's a bit more commando here, a bit more under the radar.
It's obviously NFC, so it's like non-fungible, so it's not like tokens.
There's a lot of ordinals projects and stuff.
But it's interesting to kind of see the other side of that
and be able to really explain to people what's going on.
You know, it was interesting. It was very telling.
When you go to the side events, you see a lot of the crypto native people.
And, you know, when you see the main events, obviously that's the one where there's the greater mass of people.
But that greater mass is where people need to be met, too, because they just don't know.
know. They just don't know how any of this works. And you're just starting to see some people start
You know, they just don't know how any of this works.
talking about how they'd like to take loans against their Bitcoin or things like that.
They don't realize that this stuff has already been figured out and they don't really know where
to start. There's massive, massive opportunity to reach those people and kind of stacks pill them
and teach them what's up.
Because I don't know if you guys caught the news.
It broke yesterday on a timeline.
The state of California has made some very positive moves towards Bitcoin.
But also, they're trying to pass a law where if you leave Bitcoin on an exchange for three years
and it doesn't move, that the state can seize it.
So all of these things that we've been talking about for years now, self-custody, being in
control of your own financial future, all of these things, the conversation is going
to steer there anyway.
People are going to learn anyway.
And we're equipped, we're uniquely
equipped to be able to help show these people there's a better way. And what's a better way
than decentralized networks such as Stacks? So we have a lot of work to do, guys. I think that's
the biggest takeaway from all of this, as cool as it is to see the homies and hang out and go to the event.
By the way, kudos to Stacks.
The Stacks speakeasy event was just beautiful.
I mean, there's not a better way to say it.
But aside from all that, we have work to do.
And you've been in boot camp.
If you think about it like this, we've all been in boot camp like if you think about it like this
we've all been in boot camp we've all been learning we've all honed skills um for this moment and and
now's the time that we we start executing because it it's this is where we're at in reality and um
this is where we go from being a subculture to a big part of the mainstream culture.
It's happening with or without us.
So why not just take our leverage and apply it and win as big as we can?
Yeah, and this is like one of the things with the SIPP.
When I first read it, it was like, obviously with all the revisions and stuff that needed,
but giving you that firepower for Stacks and having a presence at,
because when they do go to events it's big you know obviously everyone's like you know great parties and lots of onboarding but you know you could have a presence across like so many more of
these events even if they're small but just having like one or two people there on like a booth or
whatever just like kind of ensuring that presence is is everywhere because not many people knew like
about like stacks at this event.
And it was quite cool to see.
But if you had a booth or whatever,
you could have really onboarded a lot of people here.
100%.
And that's, again, that's where we're at.
Everyone saw the roadmap and was bullish.
And this SIP is how we make the roadmap happen. And that's a great point,
you know, because I watched the Stacks booth every time I went to the main event and it was packed
the whole time. It was just packed. And you had people putting in a lot of work. I mean,
I'll say that like the Stacks team well they were hustling they were talking to
experienced people to newbies to everyone um and we need to be able to to build on those efforts
and make them even bigger going forward 100 i would also say that the the staff was high level
at the stacks booth the whole time it was high level people from the foundation
and from leather from here uh from trust machines and like it was good representation too so we got
this we captured this audience they they had the answers that these people wanted they were
engaging and they were knowledgeable which was not quite the same experience we had going to certain other L2 booths like Babylon, for instance, where they couldn't even explain their own chain to us.
Dude, like give our and then they refuse to give one of the biggest KOLs on Stacks a t-shirt when he asked for one.
Unreal.
Dude, look.
We were kind of incognito, as incognito as you could be, wearing a Medica shirt and stuff.
And going to talk to some of these other booths and trying to see what they offer.
And Peace is absolutely right.
I'm not trying to throw shade on Babylon. They just earned
this shade, like get better people to man your stuff. Like I, I literally did not walk away from
that booth knowing anything more than I already knew about it. Um, I want to shout out to Eric
at Babylon, who is the community guy that was running the booth that actually was the third
person I talked to after I got escalated and escalated,
not in a Karen sort of way, just in a he's asking me questions I can't answer sort of way.
And he knew what was up. He knew what was up. And he actually realized he was wise to give us a
little bit of merch on our way out of the booth. But-
Yo, Peace, are you over here asking to talk to managers, bro?
I don't have to ask, bro? I don't have to ask, bro.
I don't have to ask.
I just get to them.
We need to get your Pepe PFP dressed up like a Karen, dude.
You're over here asking to speak to people's managers at these crypto booths.
Where is Fleets?
Fleets will make that happen.
You brought up a good point.
You brought up a really good point.
A lot of people do not know Rick, Shannon, Annie Lane,
and there's a whole cast of characters behind the scenes.
They've been doing these events since I started watching
the Blockstack events back in 2018.
And they've been doing this and they got it so fine tuned on what's the messaging, what's
the comms, what's the communications, what do we want to present, how do we do the live
stream, who do we bring in?
Dude, they have it so dialed in.
And when you go to a stacks event and you kind of go to another chain, you're like, wow, it's not as organized.
It's not as well ran.
And it's because they've been doing this for so long.
They know who the players are.
They are such a well-oiled machine.
It's crazy that we get to benefit from this too and and it's also funny too because since everybody wants to become
the the leading bitcoin l2 they don't even know what the value prop is right and we're kind of
all in this market fit right now and and kind of going through this whole journey together but
we've we've been talking about look we need to make bitcoin programmable for how many years now
it's just been years and months and days that we honed this messaging.
And then all of us kind of in this ecosystem, we could describe stacks.
We can describe it if someone asks you what it is.
Kind of like, look, it's the lead in Bitcoin L2.
We're bringing programmability to Bitcoin, right?
You start asking a Babylon, a BitLayer, a BitOS or Bitcoin OS, like, well, what do you do? And then they kind of describe stuff with smart contracts and then start throwing a, breathing this. And to Jack's point, if you just ask the average person, do they even know about Bitcoin?
The average person still to this day, they still don't even know about Bitcoin. They may have
heard of it by now, but they definitely don't know all the other layers underneath all of that.
And so there's still like this education. We still need to win the war in each of those battles.
It's not over. Someone can still come in. And so that's really almost like this whole crux of what
SIP-31 is, right? With all these other chains that have come online, we're competing with them now, right? So we're not the only game in town. And it has kind of muddied the waters on, well, what is a Bitcoin layer? What does that entail? What really constitutes this whole BTC phi?
And you have MicroStrategy now and doing the Bitcoin treasury.
You have ETFs now.
You have all these Bitcoin L2s.
You have stacks.
So it really is,
it's going to be an existential question
about like, well, what is it that you actually do?
How can I get a yield?
What can I do here now that I'm a part of the
SICO system? And how can I do more with my Bitcoin? So we're seeing that evolution happen
right now in front of us. So it's just, it's amazing to be at this point. But to that point,
there's still a lot that we all individually have to do that we do have to be included in this mission. Well, and if you look at it like
this, one of the things that really stuck out at the conference was I walked to a stable coin booth
to try to learn more about it. And, um, quickly was, was informed that I could get a whopping,
like 4% yield by using the stable coin if I KYC'd. And
I'm like, wait, what if I buy it on a secondary? Can I get yield? And they're like, no. I'm like,
okay, this sucks. And that kind of speaks to your point where it's like, there's going to be a
centralized way to do this. And then there's going to be the Bitcoin way to do this. And then there's going to be the Bitcoin way to do this.
And, and we,
we have the Bitcoin way to do this and we,
we need to evangelize.
And that's,
that's what was so cool about the stacks booth.
I mean,
someone who was going to walk up if they were technical and they,
they're talking to a guy like Kenny Rogers,
come on,
what,
what are they going to need?
What are they going to not know at the end of that conversation?
They want to talk about community.
They're talking about Adam Hahn. What are they not know? at the end of that conversation they want to talk about community they're talking about adam han what are they not know not gonna know like we
were we were extremely extremely well represented anyway go ahead rubes what you had man
yeah i'll just echo that uh kind of sentiment there you can see it like on all the the booths
you can see the busy ones where there's like you know good people on them obviously people who know
the product inside out and then you can see like the ones that have you know kind of hired
in like the day staff that don't really know what's going on and like the booth is obviously
empty people could walk you know keep walking past it the people that do stop they very quickly like
kind of leave on so yeah it does does make an absolutely huge uh difference to have that fire
power on the booth i was going gonna say actually while we've got a
zero on on here if you wanted to kind of talk about through the the new v2 as well zero
hey hey hey hey hey hey what's so what's so so rubes dude i put out a tweet and it was a couple of days ago.
And I got to find this tweet because this isn't Zero and HODL did this thing.
This isn't that we're leading this revolution with reputation gigs, bounties.
What it is is that people have been wanting to do this for so long, and there
hasn't been a visible, verifiable, on-chain way to do it. And so I'm just going to read some stats
here. I'm just going to rattle off. Since May 23rd launch, we've already rewarded 0.001 SBTC, 250,000 Leo, 500 stacks, 40,000 flat tokens, 10,000 DECO tokens, 5,000 RU tokens, 30 USDH Hermetica stable coins, a Leo NFT, a NotPunk, a GigaPepe NFT, 100 STX or ST, STX, staked STX, and no forms,
no middlemen, just on-chain gigs. And so, dude, thanks for the shout out. But really what this
is, it's a community coming together to do more. What I describe this as is like,
coming together to do more.
What I describe this as is like the only formats
that we've had to enable our communities
and activate our communities is we could run paid ads
or we could work with KOLs or we can pay each other.
But now with these on-chain community tools,
what we could do is I can do a gig on-chain
with someone who's going to
design something for my community and I could pay them in Leo and Rue and nothing. I could pay them
in Welsh. I could pay them in Stax, right? We're making the on-chain economy work. We're seeing
that people that do gigs, people that create bounties, they're getting 10x the engagement,
people that create bounties, they're getting 10x the engagement, 4x the active contribution from
their actual community, and then 3x on the community ROI. I started putting this metric
together on community ROI, and I'm going to start sharing it more because I really believe the work
that we all do on chain together, it increases the total network value of this network that we all exist in.
And it's just amazing, dude. Thanks for the shout out. Thank you for everyone who supported us
throughout this journey. Thanks for always believing that you could own your own data
one day. There's still a lot of work to do. And there's still a lot of things that we want to
accomplish. But it's just so so cool
to see people working on chain uh and then we have we have a couple of bounties that we're going to
release soon we're going to do a top 10 winner multi-select bounty we're going to do a top three
bounty and then we we want to we want to take all the good things that people are doing in this
community and then showcase that with reputation we and you know rubes you and jack know this really well because we did the pilot test with
with leo and root community we created those early badges on chain just to see if this thing would
work it worked it was a massive massive uh uh it was a massive interest in it too because i i was i remember texting with jack months before
this is back in 24 and i said dude i got this idea it's crazy it's stupid i don't even know
if it's going to work but would you be interested and then he said yes and then rubes when you guys
said yes at leo we kicked off these campaigns and i mean we got so much, just so many views on tweets and people said, yes, I want this badge. So it really is a testament to people want to feel valued and a part of this community. And people want to showcase all of the good things that they're doing.
And so this is happening now, but it couldn't happen without you guys coming together, supporting us, supporting the mission of Zero Authority, and making sure that we're all in this together.
So a massive thank you to you guys and to all that you guys put into this every day.
Not just Zero Authority or the meme coins or community, but like into Stacks in general.
And that doesn't mean it's without problems.
We have our problems.
We're like any other chain in any other network.
We have problems.
There's politics, but we're going to find a way to make this better.
Absolutely.
Couldn't say it better myself.
And honestly, the engagement that we've obviously been running,
the Leo bounties on V2, the engagement has been off the charts.
It's been like crazy.
We did threads, and we did a drawing contest and a meme contest.
I just renewed a bunch more.
So if you head to Zero Authority v2, you can check the link through Zeros.
But I think we've got another four or five bounties up.
We've got a couple of Stacks tool bounties up.
They finish on June the 9th.
So still some time to enter those ones.
But yeah, the engagement's been off the charts.
It really gets the community active,
obviously empowers these content creators
to get rewarded for their work.
Because we have so many in the Stacks Eco
that are brilliant content creators
and it obviously empowers them
and allows them to get paid,
which is amazing to see.
And yeah, different communities all coming together to support a global cause here.
I see Longstreet's come up. Welcome.
What's up? What's up, everybody?
Yeah, this is such an encouraging time.
I guess the only thing I will just follow up on and add to the conversation,
I will just follow up on and add to the conversation, which has already been great so far, is echoing
which has already been great so far,
the point that this community has evolved, I think especially over the last week, but
it's rooted in this Bitcoin ethos, this value.
There's so many people here on stage and in the audience who have been here for years,
two, three, even four years, and then who never left. And now that there's this next chapter,
this next evolution in Stacks with the SBTC and Nakamoto, it almost feels like those previous
years were warm up. I know we had a lot of fun. There was great like NFT. There was great meme coin community, a lot of great art initiatives.
But like now it's prime time and everyone's been warming up. We're ready to go big. And this next
chapter, this SIP 31, like what it means for the future of Stacks is just super bullish. But I honestly think that it wouldn't happen this way if the ecosystem was not full of
really competent, caring, and super engaged people.
And it's because of the ecosystem, because all of you people here being vocal, kind of
like asking hard questions and
really being brave about it too. Like, even if you're coming from a place of like, I don't
understand this thing. Like, uh, this seems scary. You know, I'm looking at the tokenomics and I just
get stuck on the word inflation. Like this is bad for stacks. You know know the sentiment hasn't been involving the understanding has been evolving
but also the sip is evolving too because of leaders like everyone here in the community
so that's what i wanted to point out here
yeah 100 man um okay so here's the reality i say all the time. I'm going to keep saying it until
it's as recognizable as, you know, your name. Every blockchain needs three things. It needs funding.
It needs devs. It needs community, right? Community is probably the hardest thing to get.
community is probably the hardest thing to get.
And the way that most blockchains operate, they get the funding first, they try to attract
some devs and build the product, and they try to bribe a community to come play along.
Stacks has played this in reverse.
Stacks led with the product first, the community,
you know, has been built organically.
We've got the hardest part of this already solved.
And now it's time to really unlock this with the funding and because the cost of business
in this space is high.
And this is where we really have our opportunity to launch and to capture the mindshare because the narrative really is starting to heat up. recognize them from any bitcoin native ecosystem talking about how they want to earn yield on their
bitcoin and and talking about loops and things that like you know we we already have here in
this ecosystem so yeah it's the times now like this is this is perfect timing everything's kind
of coalesced perfectly to bring us to this point. And now it's just a matter of taking what is ours,
which is being a top five chain, honestly.
Let's go.
Let's go.
It's like the perfect storm, the perfect trifecta.
Yeah, it does feel like things are really coming together.
And I think to Longstreet's point, actually, I think it would be so bearish if no one commented on this.
If it was kind of like no one really cared and everyone was like, oh, yeah, cool, slip 31, whatever, cool.
It's so bullish to see so many people actually be involved with this and actually have so many strong opinions.
It's obviously dividing to a certain point, but it's constructive and you know we're trying to forge a path uh forward
there i see reese welcome you got your hand up and also welcome to tinderly as well i see you
guys on the stage hey rubes hey everybody it's so awesome to share the stage with y'all um when you
were talking about vegas i was just i was so jealous all from the start again. Um, but when stacks
sends you a request, you can't say no. Um, I, I was busy working on block web and I was listening
to everyone talking and here's, here's the fact, um, I came in when stacks was going from $1 to $2
to $3, right. And everyone was going wild.
It was awesome.
It was fantastic.
And now Stacks is $0.74, last time I checked.
And the matter of fact is everything is so much better.
Like, I don't care about the price.
It's just like literally blocks are faster, transactions are cheaper.
The community is raving uh the the chasm that
there seemed to be in the past has been bridged between foundation and like the community itself
we're talking about stuff just like you just said rubes like it would have been so bearish if
everybody was like ghost town about sip 31 but the fact of the matter is it's called stacks in a stacks
improvement protocol and people care about the improvement
of the protocol.
And that's why there's so much noise around this.
And it's, it's, it's awesome.
It's freaking awesome to see,
especially as somebody that came here through the D grants.
Like I'm only here because of Brendan sending me a uh sending me a a you know a message saying hey
check this out i was like okay uh and here i am right and i'm and i'm like bitcoin stacks ecosystem
maxi right now like i am so bullish that is all thank you for coming to my day talk
bullish that is all thank you for coming to my day talk yeah that was the best ted talk 100
and and that's it like people are here they're they're emotionally invested they're
financially invested this is this is our home and you're 100% right. It matters, and we do care.
Good.
Longstreet, what you got, brother?
Hey, I wanted to bring in – I'm going to channel my inner hero gamer here
because I know he's so dug in on the D-Grant side, the proposal side, the process. And one thing that I really like
that he advocates for is for everyone to vote, not just as a yes, man, just not, not just a yes
vote to be educated, to know the nuances, to know what you're voting for. I think that's something
that we all need to be aware of because yeah, we're all excited about this. There's been an
evolution over the past week about what SIP 31 calls for. You know, before that, we had the roadmap released. So, yeah, like super bullish times ahead for stacks, right? Like kind of all of our dreams are coming through, like the vision is happening. But it's important to really understand the nuances. So yeah, I would just encourage people that to have that mindset and to pass that mindset on to everyone else. Don't just be a yes vote. Know what you're voting for.
Yeah, 100%. I mean, decentralized governance has been a concern of Stacks as long as I've been here.
And it's not like an easy concept to wrap your mind around, but it is, right?
And so this is important.
Just like everyone here is subjected to some form of governments in the real world, when we're building out on top of Bitcoin, we're also participating in governance.
And just like in the real world,
you have to be informed, you have to have opinions,
you have to make your voice heard,
you have responsibilities as a citizen.
It's no different in this space.
And to even be able to take part in that,
I really think, and I don't think I'm overstating it here, that, you know, it's historical in nature.
Because this is something that is relatively new for humanity.
And, you know, we're like kind of stepping out first here and taking these big steps towards the future.
And yeah, you're 100% right.
This is a massive deal.
And being a part of the process is important on several different levels.
I think the thing is as well,
it's actually pretty hard to get people to actually sit
down and read something, especially something that's so detailed as well.
So to see so many people, I can see literally so many people in this space, like TrippinMonkey
has been heavily involved and kind of been with the new draft as well, so definitely
shout out there.
A bunch of other people have all been, I can see so many names in this space doing it,
like Hero, GP, Mr. Wagme, so many people that have been involved with the actual education side of this.
You know, people, you know, pointing people to the forum, making sure people actually sit down, read this, take it in, form your opinions, because it is actually hard to get people to read stuff.
It sounds crazy, but it is.
So to have so many people getting involved and actually, you know, really, you know, digesting all this information and what it means and what it might mean going forward.
Yeah, it's really key for Stacks.
And yeah, definitely hats off to the Stacks community for getting involved with this.
Yeah, social media has destroyed people's attention spans.
Nobody reads anymore. And so, you know, when you're looking at like a 10-page SIP, it's like daunting, right, to go ahead and try to digest all of that.
But the Stacks community showed up and showed out, and that's what it takes.
And that just speaks to the level of care that we have here.
yeah absolutely uh by the way if anyone wants to come up and uh talk about you know a project or
Yeah, absolutely.
you know get involved with the sip conversation whatever it might be please feel free to request
the mic we'd love to have you up for the next you know i think we've got about 20 minutes left 15 20
minutes left uh while if you know if anyone wants to come up i'll just ask you jack uh actually about
the vegas uh trip what were you kind of trip. What were your main takeaways from it?
What were your top three moments, shall we say?
So the biggest thing that stuck out immediately was the demographics,
especially as it pertains to age.
You had a lot of young families there,
and you had a lot of what we consider baby boomers there.
You would not expect to see baby boomers at a Bitcoin convention, not historically
anyway.
So that means that, you know, people are paying attention.
People with a lot of assets are paying attention.
Another thing that really stepped out was, you know, I had a chance to talk to a lot
thing that really stepped out was you know i had a chance to talk to a lot of people and um
of people.
you know when you're whether you're talking to them about hermetica and usdh where you know
here's this mechanism where you can own a bitcoin back stable and you can get yield on it and this
is a whole new way for you to to your finances, that messaging went over huge.
And then when you're talking about, you know, stacks as well, it's the same thing when you're
telling people, hey, you know, you can take your assets and you can take them to, you know,
granite or you can take them to Zest or what have you, and you can structure ways to borrow more and earn yield and this and that.
And people got it.
And that's pretty cool because it really shows product market fit more than anything else when you see people's responses to that.
Even now, if you talk to someone who's not crypto native about NFTs,
a lot of that's much more abstract to them, even though NFTs at a fundamental level represent
digital ownership. But they can't fully grasp that. When you can tell people that, hey,
you can kind of be your own hedge fund, if you know where to look,
that really resonates. And the third thing that's really, you know, blew my mind was just how cool
everybody is. Even like, you know, look, Bitcoiners get a bad rap because of, you know,
you know look bitcoiners get a bad rap because of you know quote unquote toxic toxic maxis
but the vast majority of of bitcoiners you talk to are good people are in it for the right reasons uh
you know that's that's why stacks is what it is it's i mean we're primarily bitcoiners um
So I think that just seeing people all, just good people trying to do their best to not
just position themselves to take advantage of this opportunity, but to try to do things
that they truly believe in that will be positive for everybody was very heartening.
And it was very nice to see.
So those are probably the biggest takeaways for sure.
Yeah, it's amazing actually when you actually start to get like to talking to people how,
you know, there are different backstories and everyone's got a different way of how
they like arrived to whether it's any crypto
whether it's bitcoin or often people don't first come in through bitcoin they come in through
somewhere else it's always interesting to kind of see how they wound up where they wound up yeah
it's always uh good to see those different stories i think we're just waiting for 300 to come up i'm
not sure if he's shown as a speaker on my end. What about you, Jack? Can you see him?
No, he's not shown up as a speaker,
but I'm going to send him a mic again just to see if that works.
Yeah, I just approved his request.
While we're waiting for him to come up,
I wanted to pose a question to you guys.
So I'm scanning to the audience and I see a lot of new people.
And I was wondering if we haven't already touched on it.
Maybe it would be good to talk about just a little bit of history reminiscing. What are some of the fun, successful projects that we've seen?
Because I'm thinking about this through the lens of things other than DeFi.
At first, when the SIP was brought out,
people kind of got hung up on that word builders.
Like, what does that mean?
What's a builder?
It's really not just the core apps of Stacks,
people building those apps.
A builder is anyone who contributes
to the growth of the ecosystem, right?
So I thought it would just be fun
to maybe fill in people who are new to the ecosystem.
What have been some of like the legacy projects?
Maybe we can talk about Megapont.
But I wanted to get that through your eyes as well.
So what have been some of the other communities, memes, NFT drops, big things in Stacks history?
Yeah, that's awesome.
Hey, Rubes, you want to take that? Because, I mean, you're obviously a foundational part ofacks history. Yeah, that's awesome. Hey, Rubes, you want to take that? Because,
I mean, you're obviously a foundational part of that history. So maybe you go first?
Yeah, sure. I'll go first. And then obviously, I think there's that much that we could mention.
I think there's definitely a follow-up for you there, Jack. I mean, we've seen like so many cool things. So I first came into Stax in,
I think it was October 2021. And I came specifically for the Megapump Mint. So that
was why I came on. Definitely got to mention them in the Stax lore. I think they broke the chain
maybe five times with different various mints. There was like the robots, the, you know, you
could attach all the components. I think that broke it. I think the mint broke it. I think there was Wasteland
Apes that broke it. They're the highest volume stacks collection. I think they've done like
5 million stacks on the secondary market, which is like more combined than I think the
other top 10 collections. So yeah, they're definitely an OG. And I actually did a thread for Stacks
Tools recently on Megapon. I didn't quite realize how big some of those one out of one
sales were at the time. The top one was 105,000 stacks for one of the apes, which was absolutely
crazy. The bull run sales were definitely massive and obviously like huge marketing things with that as well.
And then following the Megapon, I guess there was a whole wave of other great, great NFT projects that followed on from those and then kind of sparked a whole wave during 2021, 2022, which then kind of cooled off with the NFT front.
And then obviously we saw Welsh we saw welsh which was
undeniably an absolutely insane run so going into like december 2023 that's when we we launched leo
as well um welsh then went on this run and went up to you know 160 million which is absolutely
crazy that's definitely you know a story to be had there obviously biased but i would throw leo
on there with you know the the onboarding that we brought with the airdrop season kind of the nft
collection and yeah kind of i would i would put us up there even though it is biased obviously
again with the meme theme with the rue i think that was a again a massive massive onboarding
event with the the way you obviously give your flowers here
but the way you put all of the funds that were raised directly into the the lp and that shows
today with like the the high ratio of liquidity to to market cap definitely i think it i think it is
the highest liquidity ratio there and then with the dmt mint with the stacks invaders so yeah it's
definitely and i could mention like a hundred more things here, but I definitely thought I'd mention the Stax Invaders and Rooks. I wasn't
sure if you'd actually bring it up. Well, I'll pass the mic over to you there.
Yeah, and it's true. And we can't leave out things like STX tools that, you know,
came from Leo, right? And I mean, this mean this is you know when you're talking about
builders who are just pushing the ecosystem forward you know this is this is one of the
most commonly used tools that we we use every day and um from there you know we we've had you know
rosar build things like charisma dow and and you know, these Blaze subnets.
You've had STX City.
You've had, you know, Factory.Fund.
You've had all of these independent builders, you know,
just making really cool stuff that is, you know, in some cases,
well, you can make the case that a lot of things on Stacks
have been flying under the radar because, you know things on stacks have been flying under the radar because you know stacks has has been flying under the radar um but even within the ecosystem you know
there's there's so many cool things always always there and we we've got the good dexes we've got
you know we've got things like bitflow and being able to DCA on a decentralized exchange. We've got, you know,
perps trading on Alex. We've got,
I mean, on Velar. We've got,
you know, just massive,
massive
things that would
generate hype in and
of themselves, you know,
on bigger, more well-known chains.
And so much of this has
come from the community itself,
which is huge.
Absolutely.
Yeah, yeah.
I've actually just got a couple more,
which I'd just throw in there,
which just while you were talking,
I've been thinking about.
STX20 definitely was a massive, massive onboarding event.
I think that was December 2023
with the whole new kind of protocol on Stax. That was a huge onboarding event. I think that was December 2023 with the whole new kind of protocol on Stax. That was a
huge onboarding event. I know a lot of kind of ordinal DGens came across. I definitely would
mention BNS. That was, again, a massive, massive onboarding event and continues to be an onboarding
event for the ecosystem. But that kind of brought a whole wave of you know ethereum people after the ens craze
um and you know they obviously continue to be and then definitely art on chain again kind of
with the nft projects but we do have some great artists and speaking of artists i know reset his
hand up so i kind of segue into into there that is unfortunate because i just accidentally had my hand up but very smooth transition
well it still works it still works you can go to him yeah we got three hana so so it's still a good
intro three three hunters saved me there because i was pretty proud of that actually what's good family hope you're good um hope you're
well and i'm really loving what's going on in the ecosystem right now you know 300 is always doing
what he knows best which is spreading the word teaching others about the ecosystem and yeah it's
really amazing to see how the ecosystem is transitioned right now. And yeah, to become the number one Bitcoin L2, which is something because I remember the days that we're in the ecosystem.
Yeah, we weren't that known, but now it shows that we are really pushing and putting that work.
And big shout out to OGs like you,abs and jack and also yeah rissi uh
is hiding something and i'm sure he wants to talk about it when you're talking about art
no no no don't push me into releasing alpha just yet everything will come at its right time okay
everything will come but follow the block web
account just saying but no no no alpha he's he's he's not gonna drop any alpha we see how it is
we'll we'll just have to pay attention and follow um big sauce you had you you'd requested a mic
um welcome um yeah go for it, dude.
Might be having some technical difficulties. We've got a great crowd here, by the way.
You know, aside from the speakers we've had today, you know, we've got Hero, we've got Mr. Wagme, you know, we've got Benta, Benyana, we've got Hoddle, we've got Trip, we've got Martin Taylor, Nikki Spex.
Always great to see you, Nikki.
Just absolute OG, crypto dude, cyborg.
This audience is St is stacks royalty if you're new here um you know obviously welcome but you take the people that are in the space right now and follow like you know this this particular space
is full of people who know what's up and the the name of the game is getting on boarded as quickly
as possible because um yeah the this is this is there there's no sleep in this space,
and things are just happening at a faster pace.
So use this as your advantage and get involved.
That's the first thing.
Find good people to follow.
Find your voice.
Get involved.
It's great that we do have so many new content creators and so forth that
are are in this space right now because we need you because uh there's there's so much to talk
about that no singular person can can cover all of these things happening at any given time
and um definitely definitely glad to have you here.
So we've got about five minutes left.
If anyone wants to come up and chat, you know, just feel free.
Big sauce, if your mic starts to work, you know, feel free to speak up.
But yeah, Rubes, I tell you what, man.
So what's next after Lisbon?
What else we got to look forward to?
I'm getting kind of hooked on these conferences.
Maybe we have to just go ahead and start hitting them all so we can get that person-to-person network and going
and Stacks pill in the world.
Yeah, me too.
Definitely the second half of this year,
I want to try and hit as many as I can.
Definitely want to meet up with you.
Want to meet up with a bunch of other of the guys and girls there from from all over the stacks kind of space.
And Long Street's right, actually.
I'm looking down the looking down the space and there is like a lot of new people.
I'm seeing a lot of .stx names, a lot of .btc names.
Obviously, people are getting onboarded there, which is which is great to see.
But you're right as well that there isn't, actually I feel like at the moment, probably
maybe a year ago, I felt like you could kind of capture most of what was happening in Stacks,
maybe 18 months ago, and you could kind of like catch up and be on top of everything.
Now I feel like you've got to be in like four different spaces a day. You've got to be on top of everyone's releases.
People are always updating, you know, Hermetica and Bitflow.
And I haven't even touched on the Alex surge, which has been going on,
which has been crazy to see as well.
Tons and tons of trading volume.
Lots of like gamification around that as well.
Obviously Velar and, you know, Charisma and all these other countless protocols that are all throwing out updates after updates after updates.
It becomes kind of hard to keep up with, actually.
And that's the people that are in and living and breathing this space.
And it really is a testament to what is going on and what's being built on Stax.
Yeah, it's crazy.
Yeah, and for those of you who are new,
if you see someone with a .btc or .stx on their handle, that's a BNS. It's a great, you know, it's kind of like having the, if you have a website, it's kind of like having a .com. I mean, why would you not want, you know, an Epic BNS?
There's a lot of updates going on with that protocol in and of itself.
It's a very good idea to have one.
And just one idea, one reason that's good to have it is because CryptoDude has a project called BoostX,
which allows people to send any SIP10 token, which think like think like leo ru stx itself sbtc you know usdh
what have you directly to a person over x right but you have to have that dns in your handle and
make that happen and um on in addition to that you can send out these, what's called space drops.
So people who come to spaces every now and then, you never know when it's going to happen.
Um, someone might have a space and, and, and have a space drop.
I mean, I'm not saying that there's a roof space coming up and there's going to be a
roof space drop, but I'm not saying, I'm not, not saying that either.
not saying I'm not not saying that either. So if you have that BNS, not only are you repping the
ecosystem, but you know, there's, there's a lot of advantages to it. And at the end of the day,
you know, I'm sitting here with Rubes. If I have to send Rubes any, any, any SIP10 tokens,
tokens i don't have to know his address i just have to know his name i have to know his dot btc
I don't have to know his address. I just have to know his name. I have to know his .btc.
so um check that out if you haven't and um yeah that's about all i got it looks like we're pretty
close to wrapping up here hana i saw your your hand come up again i don't know if that was an
accident or not but if you got anything to say brother you got the last words
i think you already said it about the rule spaces. So, yeah, you are channeling some Tuyana.
Yeah, man, I think it's just two men, one mind.
You know what I'm saying?
So, but yeah, I definitely want to thank everybody for coming here today.
Get involved with the SIP process if you haven't already.
Like I said,
follow everyone here. You have some absolute legends in this audience. This is the best community in the space. And Rubes, I'll kick it to you, man, if you got anything you want to lead
us out with. I don't honestly have too much more to add after that, Jack. You've kind of nailed
all of it there. Here in lisbon i'm about
to go to the you know the unsanctioned wizards ordinals um event so i'm definitely going to be
dishing out some some stacks nfts to some of those guys and trying to onboard a few of them
it worked well yesterday with a couple of other the honey badger community as well so i'll be
I'll be trying to orange pill some of these guys and get them to come across the stacks.
trying to orange pill some of these guys and uh yeah get them to come across the stacks
Epic.
Well, with that said, the Stacks campfire space, pay attention.
We'll have our sixth one next month.
It's kind of been going to the first Thursday of the month, but just pay attention.
Follow the Stacks account.
Follow Rubes and I.
We'll make sure that you don't miss it.
This was a lot of fun talking to everybody.
And, yeah, just have a great day, and let's win, guys. Thank you.
