Hello, hello everybody. Welcome to this week's crypto internet show. We're going to everyone just a moment. It's been a busy day in the Staxieco system. So we'll give her
everyone about 60 seconds here to start rolling in, along with our speakers and special guests who will be joining us on stage in just a moment. So stay tuned and we'll be right back.
All right, everyone must still be enjoying the high from the staccas today as we are waiting for everyone to join us and congratulations again to those award winners but also to the entire ecosystem and very exciting.
Stacking it was this year as well. We've got a lot to talk about today, so welcome everybody. We're going to be talking a little bit about SBTC and the recent white paper launch late yesterday. And also talking about the new
stacks white paper, the Nakamoto release that also came out yesterday as well. And maybe if we have time, we'll get into a little bit of what's happening around the stacks 2.1 upgrade and voting rights and how things are evolving and changing there as well. But if this is your first time, it's welcome.
To this week's crypto internet show, which is our weekly series talking about everything happening on stacks and the broader ecosystem along with building on Bitcoin. I'm your host, Kyle Alica. And as I said, we have a lot going on in the stacks ecosystem right now. Today we have the stack ease. Some are something up.
what's been going on in the ecosystem and also celebrating each and every one of you for all the contributions made to make this ecosystem grow and thrive as it has. And late yesterday, the white papers for SBTC and the Nakamoto release for stacks
upgrade were both released. A lot happening, Maniv and team put together about a two hour Twitter space is yesterday in addition to the almost 35 40 pages of new white papers that were released and today we'll do a quick summary of
kind of what this all means and what it has for each and every one of you. So with that, we'll go ahead and get started and jump right in. Welcome to name Patrick. It's a pleasure to have both of you and see you here in this mid-December kind of jumping right in. SPTC, we've talked a quick
minute about it here, Alvin, the crypto internet show in the past. But the name, if you could, give us maybe an overview of what and why BTC has come to be and how it was such a holy grail of a problem to be solved. And now there is a proposal to make it happen.
Yeah, I think this thing basically goes back to as far back as I can imagine the time and the coin, right? Like maybe even even even before. So imagine the first four Quebec, which was name coin Satoshi
I like directly contributed at least ideas, potentially code, to a name coin. And why did name coin exist? Right. Name coin existed because you couldn't implement that functionality on the coin directly for good reasons. Right.
to modify Bitcoin, it's more complex, you're putting more functionality in the base layer, and many people in Bitcoin don't want to do that, which is arguably, I think this argument actually goes back to the creation, the very creation of Ethereum itself.
I can look back now. Ethereum is like, you know, it's such a huge ecosystem with so many developers and users and so on. But if you ask the question, like, why does Ethereum exist? It goes back to this fundamental thing. Vitalik literally tried proposing ideas
for like fuller smartphone tracks on top of Bitcoin. Again, Bitcoin is not going to change, Bitcoin Core Deys push back and the talent went off to start it here. So it is that fundamental of a question. I think it goes back all the way to the beginning of the crypto.
So what is the question? The question is, blockchain is great for creating a monetary asset like Bitcoin. The supply is kind of like FIGs, so it's a great short value. And now people want to build other interesting things.