Posts by Wit
A step-by-step guide to generate a prompt for AI to implement a real-world app.
BMad-method!
👉 “I’m the problem-solver who codes, questions, and dreams in equal measure.”
by ChatGPT
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The limitation is that BitVM is restricted to a two-party prover and verifier setting, which can limit its application where many parties might interact. However, recent advancements like BitVMX and BitcoinOS have demonstrated progress, moving toward better trustless models.
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BitVM allows Turing-complete Bitcoin contracts without requiring changes to Bitcoin’s consensus rules. It achieves this by executing computations off-chain and verifying them on-chain, similar to Ethereum’s optimistic rollups.
Finally, Turing-completeness on Bitcoin. With BitVM, we can build optimistic rollups on the base layer.
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Tariffs are neither new nor innovative; they have existed for over a hundred years.
Damage may not be apparent yet, but it's there and it's growing.
Afraid not! One easy way to protect yourself is to hold Bitcoin; it's that simple.
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In summary, Bitcoin DeFi is poised to significantly involve institutions through assets like sBTC. This is particularly evident in Bitcoin treasury companies utilizing these tools to justify premium valuations and manage yield and debt.
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Major custodians like BitGo have launched institutional support and infrastructure for sBTC, enabling institutions to securely custody, convert, and integrate sBTC for DeFi purposes. This institutional-grade access makes the described scenario increasingly likely.
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Some institutions are also using leverage and tactical debt financing to acquire more BTC and boost their Btc-per-share growth. This approach can create a premium to NAV, justified by the company's ability to generate yield and grow the BTC holdings per share over time.
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Institutions own the asset; they'll need the rails to use it. They are increasingly interested in making Bitcoin productive rather than just holding it passively. This includes leveraging Bitcoin-backed assets like sBTC to generate yield, trade, lend, and borrow.
sBTC (a 1:1 Bitcoin-backed, programmable asset on the Stacks layer 2 network) will be adopted, esp. by Bitcoin treasury companies
Just imagine when Bitcoin treasury companies start using sBTC to justify a premium to NAV to earn yield and pay off debt. It seems inevitable.
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The Privacy Paradox
People often say in surveys that they care about their online privacy. Yet, their actions suggest otherwise. Many are quick to share personal details in exchange for things like free access, a more personalized experience, or just convenience.
Censorship Resistance:
Because the protocol is decentralized, there's no single entity that can "deplatform" you. Your "casts" (posts) are stored on a network of "hubs". While a specific client may ban your content, it will still be accessible to other clients.
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User Sovereignty:
Your Farcaster ID (FID) and social graph are tied to an Ethereum address. This means you own your identity and your connections. If one Farcaster client were to disappear, you could still access your social graph from a different client.
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Permissionless:
The protocol is open, allowing anyone to participate. No entity can regulate who can use it and how it can be used. This creates a diverse ecosystem of clients, tools, and integrations, fostering innovation.
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Farcaster embodies core Web3 principles:
> Permissionless
> User sovereignty
> Censorship resistance
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Write a prompt to write a prompt.
If you're into AI, you know. 🙃
A dog sitting by a lake by Grok
The integration of AI and blockchain is a huge narrative. But, what is it really?
> Decentralized AI networks
> AI-enhanced smart contracts
> On-chain AI agents
Web2 is a rental. You're building on someone else's land, with their rules.
Web3 is about owning the deed. With blockchains like Ethereum or Stacks, your identity and content are truly yours.
It is about decentralization, empowering you to reclaim your digital self.
From the remarkable Honda Asimo to the cutting-edge innovations of Boston Dynamics, Chinese robots are now showcasing their prowess in the art of boxing.
Humanoids are on the way!
www.youtube.com/watc...
A Smart Wallet
• is smart contracts
• can hold assets
• can apply DAO
• can belong to many users
• for asset management
• for custom control
We all need three, but if you can choose only two, which two?
1. Security: Your data is secure, ensuring your privacy and ownership.
2. Convenience: Easy to use, affordable, or free.
3. Empowerment: AI enhances your capabilities, like helping you write a great article.
I've built a Stacks app without using Stacks Connect. My app connects directly to Leather or Xverse wallets. I wouldn't recommend it, but if you're interested in going wild or playing around, I've shared my experience in a blog post below.
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