muneeb.btc
@muneeb
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14,644
Co-creator of @Stacks , a Bitcoin L2 (layer-2). CEO @TrustMachinesco , building Bitcoin apps.
Joined March 2008
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Bitcoin maximalism is limiting the growth of Bitcoin.
Retweet for visibility if you agree.
Tweet thread👇
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13 years later, crypto founders are realizing why Satoshi was pseudonymous.
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So
@BankofAmerica
just closed my personal bank account that I’ve used for 15 years. No reason given.
Real reason? I do Coinbase transactions through this account for Bitcoin.
This is a war on Bitcoin & crypto. Please RT to warn others. We won’t stay silent.
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Microsoft is now the largest contributor to open-source on GitHub. The times they are a-changin.
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It’s still early in crypto.
No one has missed the boat. We’re learning to build the boat.
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Bitcoin maxi paradoxes:
- Love decentralization yet use centralized exchanges (no DEX for BTC).
- Love free markets yet hate venture capitalists (free market actors).
- Love open-source yet hate an entire revolution of new open-source apps.
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The Bitcoin market has its way of separating true believers from tourists.
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BREAKING: City of Miami will give residents bitcoin wallets and pay them in BTC using their treasury yield.
Powered by Stacks, smart contracts for Bitcoin.
@FrancisSuarez
is a visionary leader who is on a roll these days!
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Buying bitcoins is easy; holding on to them for a decade is the hard part.
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Facebook stole the metaverse username from their own user.
This perfectly captures the concept of property rights in Zuck’s world.
Not your keys, not your usernames.
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Balaji is putting up a $2M bet that Bitcoin will be north of $1M in 90 days.
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Can’t be evil.
This message is now displayed outside Google HQ in Mountain View.
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Daily activities to avoid:
- Consuming endless (news) feeds
- Discussion w/ anyone with a big ego
- Thinking without pen & paper
- Arguing on Twitter
- Mindlessly saying yes to meetings
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Major news: we’ve raised $150M for a new entity to build the largest ecosystem of Bitcoin applications.
Bitcoin can be a productive asset and final settlement layer for web3 apps.
Say hello to Trust Machines:
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I’ve discovered that a CEO’s job includes seeing a therapist and exec coach, going to the gym, and building meaningful peer relationships.
The successful startups are 10+ year marathons and you need a support structure to survive that long.
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Today the Dow Jones had its largest point drop in history.
It’s a 4.42% drop or what we call in crypto markets a stable day.
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Joe Biden’s account hacked.
Goodbye, Twitter and Facebook— you had nice run.
Today’s event accelerated us towards a decentralized web by 5 years.
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Hiring is a game of finding people who truly love doing what you hate doing.
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Society’s migration to the internet was sadly completed by a deadly virus.
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BREAKING: Blockstack received SEC qualification; first-ever SEC-qualified token offering in US history.
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Marc: “Do you know the best thing about startups?”
Ben: “What?”
Marc: “You only ever experience two emotions: euphoria and terror.
And I find that lack of sleep enhances them both.”
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Bitcoin is often misunderstood within the crypto industry. Here is how:
Tweet thread👇
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Crypto market movements have zero impact on the engineering work being done on the real protocols.
Hype cycles come and go, code commits are here to stay.
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Humans don’t have mental space for more than 150 people in their life.
This includes celebrities, Presidents etc. You can’t pay attention to more than 150. Choose wisely.
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Funny how a bull market makes people believe in the underlying tech/ideas.
Welcome back, seasonal friends of crypto. Our industry made a lot of progress since your last visit.
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Crypto is an unknown territory.
It’s better to admit that you don’t know how it’ll play out than to fool yourself that you can predict the crypto future.
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When Google takes down crypto videos on YouTube, we respond by starting a decentralized YouTube.
Not your keys, not your videos.
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Ethereum fans discussing how Solana is not decentralized enough is amusing to watch from Bitcoin land.
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Silence is the best response to trolls; a reaction, any reaction, is fuel for them.
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When Marc was building Netscape the total internet population was ~50M.
Ideas that looked “bad” at that size ended up being successful later.
Crypto population is currently ~50M. History doesn’t repeat but it rhymes.
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The IRS can’t even build websites and is trying to break Monero.
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A lot of people are quitting Facebook.
The alternative is not another company that you can trust. The alternative is not gov regulation.
It’s a shift to decentralized computing where fundamental digital rights are protected by code and mathematics.
#LogOutFacebook
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The single best crypto trade you can make today is to trade your current job with one in a growing crypto startup.
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Wall Street's "Black Monday" (1987) had a drop of 22.61% and went down in history books. In crypto economy that's called just a Monday.
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Mobile phones should be called distraction machines.
Checking your distraction machine first thing in the morning is not the ideal way to start your day.
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The fact that BSV is a thing and gets speculative attention indicates how far we are from mature crypto markets.
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Intelligent people I meet care more about discovering the truth than seeking validation for their world view.
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I’ve been increasingly giving up convenience for privacy:
- Replaced Google search
- Don’t use Chrome anymore
- Have burner phones
- Turned location off for 99% apps
- Apps isolated over multiple devices
This will be a long journey. What are your best practices for privacy?
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A Bitcoin core dev is now thinking of leaving the Bitcoin project because of “toxic maxis.” The cultural erosion happened slowly since 2017.
We need to revive the Bitcoin builders culture; the keyboard warriors and podcasters are far less important.
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Give your monkey brain a pen and paper to write down thoughts and it stops running in loops.
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Credit cards encourage us to spend money that we don’t currently have.
Calendars encourage us to spend time that we don’t currently have.
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This smart contracts for Bitcoin thing just might be a big deal. Maybe.
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Crypto winter is here.
No need to deny or downplay it. Funding will likely dry up, we might start seeing projects shutdown.
It’s far from the end, however. The next wave can reach a bigger market, beyond this “dial-up era” of crypto.
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A world that runs on computers is a place where those who can program the computers will control it all.
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I viewed setting life goals as a positive attribute, indicating ambition.
I’ve slowly realized this was wrong.
Life goals are a pledge to live a life of self-imposed misery.
Goals suck the joy out of the journey.
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GM to the Google engineers who are plotting their escape to crypto.
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Native Bitcoin swaps are now live!
Why is this a big deal? Tweet thread👇
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If something is hard to do consistently it’s probably valuable. Examples:
- Writing concisely
- Waking up early morning
- Not thinking during meditation
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Dear developers,
There is $1 trillion in Bitcoin crypto capital that you can program in smart contracts to build a new Wall St.
Opportunities like these come once in a lifetime. Talk to us.
Cheers,
Muneeb with laser eyes.
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Dear Crypto Twitter,
Calling your Senator is imp. However, we need to show them the power of Twitter. Let’s unite in spreading the message: vote YES on Wyden & NO on Portman.
#votenoportman
Please retweet and amplify.
Cheers,
Muneeb, a crypto developer.
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Crypto and the web are merging. There will be no difference between information and money.
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Quick thoughts from Satoshi Round Table in Dubai:
- The Bitcoin L2 session yesterday was the largest session I’ve seen here. Packed and 5 Bitcoin L2 projects there.
- Today, multiple parallel sessions going on about Bitcoin L2s, BitVM, peg security, Bitcoin Defi etc.
- BitVM…
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The first Bitcoin all-time high (ATH) I experienced was $100 in 2013.
Seeing $72,000 today is surreal. Some thoughts for people new to Bitcoin:
- Bitcoin has been declared dead dozens of times. It keeps coming back to life. Maybe it’s time to put aside your first impressions of…
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Wall St will be shocked to find that there is no shutdown switch for crypto.
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Dear
@ImranKhanPTI
,
In these uncertain times, Pakistan needs to build Bitcoin reserves to maintain financial sovereignty.
We’ve donated $10M to Bitcoin and crypto education and R&D in Pakistan earlier. Happy to assist and bring Bitcoin-friendly policies to Pakistan.
— Muneeb
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BREAKING: Miami Commission voted to claim $4.3M in MiamiCoin treasury.
Historic event for a city government to embrace crypto instead of fighting it.
MiamiCoin is a community-driven project built on Stacks + Bitcoin.
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China airport AI can check you in for your flight using *just* your face.
The new digital overlords using trivial conveniences as a carrot.
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Some crypto projects want to replace Bitcoin with something “better.”
What they don’t realize is that without Bitcoin there is no crypto industry.
If Bitcoin falls, everything else follows.
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A mega thread on Stacks, a Bitcoin L2.
What is Stacks L2? Details and links👇
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Thank you, Mr Zuckerberg for financing this free publicity for crypto.
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ALEX, the Uniswap of Bitcoin, has raised a $10M round led by Spartan.
You wouldn’t see such rounds a year ago. New devs, capital, and users are entering Stacks and other Bitcoin L2s.
Bitcoin season 2 is here 🟧
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The ultimate Bitcoin lending app will be 100% trustless. Your BTC will never leave the main Bitcoin chain.
How can this work? Tweet thread👇
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Quick thoughts from ETH Denver as I catch my plane to fly out:
- First of all, Ethereum deserves credit for fostering dev culture and experimentation with new ideas. We joke that it’s “BTC Denver” now, but the reality is that Bitcoin has been MIA since 2017, and devs in the ETH…
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New Bitcoin web wallet release almost ready; will support Ordinals, NFTs, and Bitcoin L2s along with native BTC.
MetaMask for Bitcoin is (almost) here.
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Being present shouldn’t be this hard.
Modern life is possibly a state of extreme mental overstimulation.
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The .btc domains are live! Decentralized domains secured by Bitcoin.
I got muneeb.btc, you can directly use the smart contract or register through a decentralized web registrar:
Gold is a rock; Bitcoin, not a rock.
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Five years from now, you will wish you started working in crypto in 2021.
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It’s time to put our crypto tribalism aside; the crypto wars II are starting:
US Treasury puts privacy tool Tornado Cash on the sanctions list. This list is meant for people, not tech tools.
Privacy tools are for every American.
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NEW: we’re releasing two papers that enable trustless movement of BTC in/out of Bitcoin layers; unlocking the full potential of Bitcoin in DeFi & web apps.
A trustless two-way Bitcoin peg has been a holy grail problem for a decade.
More details👇
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Dear US Policymakers,
Please repeat after me: crypto transactions are like internet packets. You cannot KYC an internet packet.
Thank you,
— Muneeb, a concerned citizen.
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It turns out that the Bitcoin energy FUD was coming from, drum rolls, Ripple.
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Smart contracts on Bitcoin.
A lot of people think they’re not possible. That’s simply not true.
NFTs, derivatives, DeFi, decentralized exchanges, etc., are all being built on Bitcoin, the king of blockchains.
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Ethereum: 500B network, 500B apps.
Bitcoin: 1,000B network, few apps.
That’s the market opportunity.
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Just got off a call & haven’t been this excited about a tech breakthrough in years. The last time was PoX algorithm.
TLDR: the brilliant minds in Stacks have likely solved the Bitcoin write problem i.e, fully trustless BTC peg-in & peg-out; Stacks contracts writing to BTC chain.
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Crypto is eating the world’s talent.
This industry can absorb 10,000 engineers every month and is growing faster than anything I’ve seen.
Jump ship. Join the crypto revolution.
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Tim Draper is a legendary investor and seeing him excited about Stacks and Bitcoin L2s made my day 🙏
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Brian and CZ went all-in on Bitcoin when it was small and built tools, through their companies, to grow it.
Bitcoin would not be where it is today without their contributions.
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Andrew Yang is making crypto arguments for data ownership.
These are not just ideas.
Tech for this is already here, just not widely distributed yet.
@AndrewYang
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Talented people get stuck in local maxima. Change from a local maxima looks risky but staying is the real risk.
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After rounds of private comments, we’ve publicly filed for a $50M token offering with the SEC.
Upon qualification, our network and the Stacks tokens will be available to retail investors, including the US.
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Many hedge fund people don’t realize that some people get Bitcoin as a one-way street; they’re never going back to fiat; never selling. It’s a lifeboat.
Try factoring that in your models, ser.
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After Github’s ban on developers in certain countries a decentralized alternative is inevitable.
Git protocol is already decentralized. All we need is decentralized login, storage, and social graph on top.
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GM to Bitcoin people who secretly want NFTs but will not touch Ethereum.
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As the token economy grows there is a bias to treat early adopters as the “real experts”.
Being early is a signal and not a requirement for intelligent views; we can learn from newcomers as well.
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There is only one logical response to
@SenWarren
’s declaration of war on crypto: let’s fund their opponents.
We’ll raise Bitcoin & crypto capital to fund their opponents. Show them the power of decentralized communities.
Step 1: Start BTC and ETH DAOs 👊
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Ideas are < 5% of startups.
The bulk of the journey is the long grueling execution.
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A frequent trend in crypto: you discover the power of a new idea and realize Balaji was talking about it 5 years ago.
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Stacks Nakamoto launch rollout details are live⚡️
As more institutional signers join the Nakamoto launch, devs published a more detailed rollout plan:
- Instatiation Window: The Nakamoto upgrade will begin rolling out between April 15-29 (as previously announced). The new PoX…
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Remember when we told you that Bitcoin fees will do a 500x?
Yeah we’ve been working on Bitcoin L2s for a reason. Happy halving everyone!
Next stop, Nakamoto 🟧
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I've been politely responding to criticism from
@adam3us
@notgrubles
for weeks.
It's time to set the record straight RE Liquid vs. Stacks.
Please retweet to help educate people.
Tweet thread👇
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What’s the German word for the feeling after you wire 50% of your income to Uncle Sam in quarterly estimated taxes?
Asking for a friend.
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