#Stacks Founder: Bitcoin Needs L2#
Hot Topic Overview
Overview
Stacks founder Muneeb Ali believes Bitcoin needs an efficient L2 to enhance user experience, arguing that while the Lightning Network exists, its adoption rate is not high enough to meet the demand for fast, cheap transactions. He believes Stacks, as a Bitcoin L2, can offer a user experience comparable to Solana, and has already achieved increased speed and finality through the Nakamoto update. Ali is optimistic about Bitcoin's price trajectory in 2025, believing a shift in the Trump administration's stance on cryptocurrencies will be beneficial to Bitcoin's growth. His ultimate goal is to bring 1 billion people onto the blockchain through Stacks, emphasizing the decentralized and self-custodial nature of Bitcoin.
Ace Hot Topic Analysis
Analysis
Stacks founder Muneeb Ali believes Bitcoin needs an efficient L2 to improve user experience and enable wider adoption. He points out that Bitcoin's L1 cannot provide fast and cheap transactions, and while the Lightning Network exists, its adoption rate is not high, and the user experience is not optimal. Ali believes Stacks, as an L2 for Bitcoin, can provide a fast transaction experience similar to Solana and has made progress in the Nakamoto upgrade. He believes the value of Bitcoin will continue to grow and expects Bitcoin's price to reach $200,000 by the end of 2025. Ali also emphasized the importance of Bitcoin L2, arguing that it can help Bitcoin achieve its goal of a billion users and allow more people to experience the benefits of decentralization and self-custody. He believes the Bitcoin community should be open to L2 and encourage more experimentation to find the best solution.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin needs an efficient L2 to enhance user experience, as Bitcoin's transaction speed and cost inherently limit its applications at the L1 level.
Stacks, as a Bitcoin L2, aims to provide a high-speed transaction experience similar to Solana, and enhance performance through Nakamoto updates.
While the Lightning Network exists, its complexity and integration difficulty make it hard to popularize, requiring more L2 projects for experimentation and exploration.
The Bitcoin community should remain open to L2 and encourage more experimentation to find the optimal solutions, ultimately bringing Bitcoin to a billion people.