Web 3 Series: Bringing Smart Contracts to Bitcoin with Muneeb Ali

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