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#Bitcoin #Stacks #NOSTR NIP-05 bitcoinmormon@nostrplebs.com #npub1wulu5wylga4jwxaps6x66ync9caxt6xxtjvjg69rwhrpernntpqs0gl8zj
Nov 6, 2021 20 tweets 10 min read
Thoughts on @Stacks as it relates to #bitcoin:

Proof of transfer (PoX): Stacks sees #bitcoin as the necessary ultimate proof of work, and doesn't care to duplicate it or use human-perverted PoS. Stacks uses $BTC itself as the proof of work, the skin in the game to mine blocks. Stacks miners pay high fees to bitcoin miners. As part of the mining process, @Stacks miners compete to mine Stacks blocks by spending more bitcoin and paying high fees to bitcoin miners to anchor Stacks data on #bitcoin timechain. This helps support #bitcoin miner fee market.