Why Building Bitcoin L2s Matter | Stacks Co-Founder Muneeb Ali

[@SquareRootOfMinus1]

Another high risk position for “Bitcoin is money” thesis: You need to talk people into it. As opposed to other commodities that are used (get demand) whether you like them or not. You may love electricity, or hate it. But you buy it faithfully every month. And indirectly- Uranium. Does not matter whether you “believe”, or like it. Or think it’s the best investment, or worst. You keep demanding it. Nobody needs to “talk you into it.” And as people invest in equities, or MM Funds, they are demanding usage of AVAX, ETH, ALGO, HBAR … whatever. And when they use a mobile phone, or a GPS, or IoT device, they create demand for SOL, or POL, etc. Utility tokens have demand, regardless of whether anyone likes them. Or thinks they’re a good investment. Whereas - BTC, without utility- you will need to “convince“ people of its value. Talk them into it.

[@surface_glow2520]

That’s a lot of words with no purpose. Large and rich Hedge Funds and big money is putting their weight behind Stacks…they did the same thing with Solana and you know where that went…

[@surface_glow2520]

Sigh..if you don’t want bitcoin to get congested that’s exactly why bitcoin L2s are rising up to take that pressure off. How is that hard to understand?