Episode 28: Building DeFi on the Bitcoin Network with Muneeb Ali
The Blockchain.com Podcast
This month's Market Outlook event, we were joined by Muneeb Ali, Stacks Founder and CEO of Hiro. Our Head of Research, Garrick Hileman, and Co-founder, Nicolas Cary, discussed with Muneeb Stacks' work to build DeFi on Bitcoin - how that's possible and the advantages of building on Bitcoin as opposed to Ethereum and other blockchains - how you can earn 10% yield by using Stacks, and Muneeb's outlook on how smart contracts and other blockchain powered applications will eventually collapse back to being built on top of bitcoin. Enjoy!
Motion: Trustless smart contracts for Bitcoin is impossible without forking (Ruben Somsen vs. Muneeb Ali)
The Blockchain Debate Podcast
Guests:Ruben Somsen (twitter.com/SomsenRuben) Muneeb Ali (twitter.com/muneeb) Host:Richard Yan (twitter.com/gentso09)Today’s motion is “Trustless smart contracts for bitcoin are impossible without forks.”A few projects have been known to try to bring smart contracts to bitcoin. But are they doing this in a way as you understand it? This episode explores this question. We pitted a bitcoin developer against the founder of Stacks, and you can draw your own conclusions after listening.We discussed:* How Stacks differentiates itself from other projects that also operate at the intersection of bitcoin and smart contracts. * Whether there is a trustless way to fully utilize bitcoin on the STX chain.* The robustness of the reward mechanism for staking STX (or “stacking”) in return for rewards in BTC. * We also went off course a bit and spent a significant amount of time discussing adoption of Stacks in the bitcoin community, since Stacks introduced yet another altcoin, generally not something welcomed by the bitcoiners.If you would like to debate or want to nominate someone, please DM me at @blockdebate on Twitter.Please note that nothing in our podcast should be construed as financial advice.Source of select items discussed in the debate (and supplemental material):Stacks 2.0 Whitepaper: https://blog.stacks.co/stacks-2-whitepaperRuben Somsen’s work: tiny.cc/somsenSpacechain explainer: https://www.youtube.com/watch?v=UY8CDEpg5_UUnhashed podcast: https://www.unhashedpodcast.comGuest bios: Ruben Somsen is a self-proclaimed Bitcoin Sorcerer. He does protocol design in order to enhance Bitcoin. He has previously proposed softchains, statechains and spacechains for Bitcoin. He also helps maintain the bitcoin-dev mailing list, and is co-host of the Unhashed Podcast. Lastly, he is organizer/founder of the Seoul Bitcoin Meetup.Dr. Muneeb Ali is the founder of Stacks, a decentralized network that brings apps and smart contracts to Bitcoin. He serves as the CEO of Hiro a company that builds developer tools for the Stacks blockchain. He has raised $75 million USD in funding from investors like Union Square Ventures, Y Combinator, Lux Capital, Winklevoss Capital, and others.
Muneeb Ali the founder of Stacks discusses bringing DeFi to the Bitcoin Network without comprising security or decentralisation. Stacks 2.0 is working to bring smart contracts, NFTs and Dapps as a second layer solution. Sponsored by @blockfi get up $250 when you join: blockfi.com/layah
dlab PM Paul Saint-Donat chats with Muneeb Ali, Co-Founder of Blockstack and CEO of Hiro, about: - The origin story of Stacks - The advantages of a smart contract platform built on Bitcoin - The importance of having a formally verified programming language - The differences between IPFS, Filecoin, and Gaia - And more. Muneeb Ali https://twitter.com/muneeb Stacks https://www.stacks.co/ Paul Saint-Donat https://twitter.com/psaintdonat dlab https://dlab.vc/
Muneeb Ali, on why the next internet will be built on Bitcoin
My guest today is Muneeb Ali, Co-Founder of the Stacks Project (formerly Blockstack) and CEO of Hiro.On this episode of Empire, we talk about Muneeb’s upbringing in Pakistan and the sacrifices his family made to get him his first computer, military dictatorship vs democratic rule, how he lied about a grant to get a job in Sweden and then ran out of money, and why it’s better to build on Bitcoin than create a new chain.–––Empire is brought to you by Blockworks, a financial media brand delivering breaking news and premium insights about digital assets to millions of investors. For more content like Empire, visit http://blockworks.co/podcasts.Follow me on Twitter @JasonYanowitz and let me know what you thought of the show!
Muneeb Ali: Stacks – Building Decentralized Apps and Smart Contracts on Bitcoin
Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
Stacks is an open-source network of decentralized apps and smart contracts. It is a Layer-1 blockchain that connects to Bitcoin. Stacks uses a Proof of Transfer mining mechanism with bidding and staking capabilities. Clarity is the programming language used, a Turing-incomplete language which aims to give developers a safe way to build complex smart contracts where the code itself clearly shows what the program will do when run. Muneeb Ali is the CEO and Co-founder of Hiro Systems, one of the companies creating Stacks. He joined us to chat about why he felt there was a need for Stacks, why he chose to build on top of Bitcoin, and the types of apps that are currently being run on Stacks 2.0.Topics covered in this episode:Muneeb's background and how he got into cryptoWhy Stacks was createdHow this works being built on BitcoinMining and bidding on blocksSmart contracting on Stacks - Clarity programming languageStacks vs “Bitcoin on Ethereum”Stacks vs RootstackThe apps that currently run on Stacks 2.0Episode links: Stacks websiteStacks whitepaperStackingProof of TransferHiroStacks on TwitterMuneeb on TwitterSponsors: 1inch: Discover the best rates and most efficient swapping routes across leading DEXes. Optimize on gas cost and execute DeFi trades faster with 1inch V2 - https://epicenter.rocks/1inchThis episode is hosted by Sunny Aggarwal & Friederike Ernst. Show notes and listening options: epicenter.tv/379
What the Twitter Hack Tells Us About Why the Internet Is Broken & How to Fix It | Muneeb Ali
In Episode 147 of Hidden Forces, Demetri Kofinas speaks with Muneeb Ali, co-founder of Blockstack, a full-stack decentralized computing platform and app ecosystem that puts users in control of their identity & data. The two spend the first half of their conversation discussing the recent twitter hack and what lessons can be drawn from the attack. The rest of the episode (including the overtime) is spent on Blockstack and how protocols like it offer solutions for problems of security and privacy on the Internet today. You can access the episode overtime, as well as the transcript and rundown to this week’s episode through the Hidden Forces Patreon Page. All subscribers gain access to our overtime feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | Spotify | Stitcher | SoundCloud | YouTube | CastBox | RSS Feed Write us a review on Apple Podcasts Subscribe to our mailing list through the Hidden Forces Website= Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at http://patreon.com/hiddenforces Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Episode Recorded on 07/19/2020
Base Layer Episode 148: Muneeb Ali from Blockstack and Steve Kokinos from Algorand join to discuss their joint project "Clarity"
Muneeb and Steve join me back on Base Layer to talk about a big joint venture. Blockstack and Algorand, have jointly announced an independent open-source project to support a first-of-its-kind smart contract language, Clarity. Recognizing the need for smart contract languages that are more safe, secure, and predictable in order to mature the industry beyond its current state, teams run by Blockstack Founder Dr. Muneeb Ali, a Princeton Ph.D in computer science, and Algorand Founder Dr. Silvio Micali, a computer science professor at MIT, will collaborate on Clarity design and development. We talk about the why, what and how and dig deeper into how Clarity uses a "decidable" language, meaning, according to the team, developers can know, with mathematical certainty, what a program will and will not do ahead of time. This shift addresses a key obstacle currently preventing large-scale, serious use in their opinion.
The Bitcoin Podcast #307 - Dr. Muneeb Ali Of Blockstack
The Bitcoin Podcast
Links:Website-Blockstack Twitter- BlockstackTelegramGithubExplainer: Timestamping BitcoinBlocks are produced roughly every 10 minutes.This is a statistical method-two criteria for acceptance: Can’t be more than two hours in the future compared to your computer’s time Can’t be less than median of last 11 blocks Note: that this means you’d need to solve 6 of the past 11 blocks in order to affect this numberReference:Blog.Loop.NetSponsorStatus WebsiteStatus APPDAPPS WebsiteDAPPS EmailThe Bitcoin Podcast NetworkAD Music Rod Hamilton Enchanted ForestSlackDonate!Discuss
Read_383 - The King of Blockchains, How Bitcoin Can Become the Foundation of Web 3.0 [Muneeb Ali]
"As the crypto industry makes progress toward Web 3.0, we’ll come to realize that it’s hard to beat the security and network effects of Bitcoin." - Muneeb AliAnother great article from Bitcoin Magazine, this one by the founder of Blockstack, Muneeb Ali, on the superior security and foundation that Bitcoin can provide to Web 3.0. How its perceived "limitations," may be what makes it the best foundation we could have. It also sparks a long Guy's Rant on the value of on-chain vs off-chain contracts, the doubts on the "tokenization of everything," & why smart contracts are only as good as the token they contract in (not the other way round).This isn't to be missed. Check out the other great stuff at Bitcoin Magazine that I won't be able to cover, plus the original articlewith links to dig further in at the link below:https://bitcoinmagazine.com/articles/the-king-of-blockchains-bitcoin-can-become-the-foundation-for-web-3-0Mentioned in the episode for further Rabbit Hole Research:Szabo's "The Dawn of Trustworthy Computing"BitcoinHalving.com 21 Hour Live Stream:https://www.bitcoinhalving.com/Don't forget to check out Swan Bitcoin! Start your Bitcoin savings plan by clicking herehttps://www.swanbitcoin.com?grsf=yg8ftt 👈🏻 Learn more about your ad choices. Visit megaphone.fm/adchoices