We are pleased to announce our next AMA on January 7th 2021 at 03:00 PM UTC Time: Satoshi Club x Stacks
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Stacks Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Stacks Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Stacks
For more details:
Stacks – @BlockstackChat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Interesting for many reasons, eth network, advanced technology…but for which reasons do I choose STK?
Only getting users, holders etc is not everything. In my opinion, a project needs to deal with solving a real world issue or problem What is the problem that your project primarily focuses on?
Community support is one of the biggest aspects of a project’s success. Most projects have programs that interact with their users. Does you have any special plans to attract and expand the community and improve the user experience?
Do you have any reward programme event ongoing or upcoming,please give us details & do you have any ambassador programme also? Many community organize event for attract more people. It is also main thing for attract investors.
You are a layer 1 blockchain. One of the pioneers. Now I see that it will or possible to build apps and smart contracts on Bitcoin. Why on Bitcoin? It is a slow blockchain for this kind of things
$STX and $BTC are an inseparable union, it is the heart of the project. How does this help to build a perfect decentralized internet resistant to any manipulation? I read that in Blockstack you inherit the security that Bitcoin has, how exactly does this work? What elements have you taken from this network to include it in your platform?
With the new 2.0 update, how easy will it be to mine Bitcoins? Usually I need access to one of the network nodes to do it. With Stack 2.0 how will you make it easier to create or get Bitcoin nodes? Can I join other miners to use the same node?
OKCoin plans to include STX in the US and serve as a Stack 2.0 launch partner. What will be the key role OKCoin will play in helping $STX complete its historic compliance journey? Will OKCoin also facilitate user participation in the innovative stacking feature? What completely new way to earn bitcoins safely will it bring?
What are the advantages and disadvantages beside Ethereum?
What are the plans for 2021?
Smartcontracts in Bitcoin have been difficult to implement as a result of the limiting factors of Bitcoin scalability (Bitcoin base chain transaction capacity is limited) and Bitcoin scripting language which may not be supported by general smart contracts thereby impacting secure contract design at the base security layer of Bitcoin. You intend to demystify this in stack 2.0 by implementing a unique algorithm that runs through two blockchains, thereby bringing Defi to Bitcoin. How will stack 2.0 implement this successfully without trading -off/compromising Bitcoin core design security and efficiency? How effective will Bitcoin Defi be, when compared to the already widely developed and popular Defi on Etherium?
Your mining program allows $STX holders to earn BTC reward by participating in stacking using a consensus algorithm cutting across the main chain (Bitcoin) and the connected chain (stacks) in a process you have described as Proof of Transfer (PoX). The entire process looks new. Are $STX holders required to also mine BTC before they can participate in the mining and stacking because I read that there is a leader election that happens within the Bitcoin chain where the protocol select a miner to lead the block to mine STX. Can you explain better how the PoX model work? How do the protocol use the Verifiable Random Function (VRF) when determining a miner to lead the blocks and what is the benefit/implication of being selected by the protocol during the leader election?
XRP is currently having a running battle with SEC and this has impacted on the Ripple product and token adversely. Government Regulations and interference in Defi project are increasing nowadays and there are more legal and compliance framework to deal with which has been quite difficult for some project owners. As a crypto entrepreneur who recently announced partnership with OKcoin as you intend to spread your trading tentacles within the regulated environment of US, what is your view on Defi project being regulated and how do you intend to cope with regulations and legal compliance associated with the implementation of your project
The Phase 2 of your mining is starting so how can I participate and what is the requirements for to be able to join?
I find it Blockstack is a great project because of “Stacking $STX while earning $BTC, so my question is how can i earn BTC while Stacking $STX? Is there a minimum amount of $STX to be eligible in this benefits?
Recently we see a lot of hacking happening in crypto world and it makes me bother to use any wallets for Stacking and mining, My question is How safe is Stacks Wallet 2.0 and what kind of security does your wallet have and where can i able to download it?
There are some stake services that are not really fair with user stakes….
what is the best stake plan that we can use in your finance platform and what are the main tokens established for stakes?
I love finance platforms but I never find a tool that offers me a good loan service…..
How does the loan system work on your platform depending on the type of user and what is the interest percentage per loan?
I generally store a number of tokens to generate passive income on a periodic basis….
what savings tools has your finance platform developed for users like me and what is the percentage of earnings from savings?
Agriculture and tokenization are key factors for the enrichment of any platform, what benefits can users receive by using your agriculture system in finance and what is your vision regarding tokenization?
usually, I am tired of traditional finance and the limited ability to simplify long finance and trade processes, how does your finance platform position itself in terms of traditional business services and in improving a commercial experience?
Short, medium and long-term crops are one of the most important services of a finance platform, what income can users generate according to the type of crop established and what freedom is there to interrupt crops ahead of time?
In 2020 it became very popular to use Swaps to avoid tedious registration processes, how are your smart contracts composed and what benefits does your Swap offer in terms of quality and safety?
currently, DeFi technology is growing very fast and it is difficult to adapt to it, how adaptive are your services to the evolution or growth of the market and the needs of merchants?
Storing tokens to generate income through interest is very attractive for users, do you have a financial saving tool for holders and what is the percentage of income that can be generated by saving?
– Why did you decide to make a renewal of the Blockstack logo? What does this logo mean now and how does it help to identify BlockStack?
– How will BlockStack integrate the Bitcoin network with your Mainnet 2.0? Will it be simply like the “WBTC” and collateralized tokens? Or will it have a real interaction with the BTC network?
Satoshi Nakamoto argued that all networks in the world should share processing power. Thus, the total processing power would also increase and processing power would not be wasted unnecessarily. Well, Blockstack is built on the bitcoin layer, but does it support this thesis?
At this point, do you think you need exchanges as a binance to keep growing? Or is it better to forget those things and focus on other activities? Marketing of STAKES As we know that every project in crypto needs Adoption for growth So, what are the Future plans of United For Mass Adoption?
a good and developing project must have a team that is experienced in their field, can you share about the skilled and professional team in the development of the Block Stakes project?
can you explain that the BLOCK STAKES project is good for us as an INVESTOR for the long term or the short term, and how is the security system of the BLOCK STAKES project guaranteed?
am a crypto investor and I only care about prospect of a crypto that I chose, tell me the reason why I should choose your project over the existing one ? What is your coin advantage that can convince me to change from my favorite token?
It is necessary to have an agriculture system to expand the roots of a finance platform, what strategy does your finance system use in terms of the benefits of agriculture and more tokenize your products?
You have considered a lot to obtain good liquidity providers, where does your platform rely to generate and obtain good liquidity providers and how do you guarantee authenticity in this area of finance?
Your governance system will set a precedent for community participation. What should a user do to obtain governance responsibility or privileges regarding future updates and decisions of the platform?
The tokens from STX airdrop of Jan 2020 will be unlocked this January 21th, how do you think that will influence the price of STX? Do you have any strategy in mind to avoid a possible decrease that day?
STX miners express the cost of mining in BTC and spend BTC to participate in leader election, does the increase in the value of BTC make the mining more expensive, and due to that, less profitable?
In Stacks, STX miners get newly minted STX, how many STX are avaliable to be ever minted? How do you contrarrest the constant adding of new coins to the market so it doesn’t create an inflationary system?
Isn’t having BTC as your reward coin too expensive? Do you have to pay fee when we receive them as reward? With the growth that BTC is having mobilize small amounts would be less profitable
What will be the features of Blockstack native wallet, besides being the place to hold STXs? What will we have to do while holding STX there to earn BTC?
Bitcoin is meant to never change, so how can Stacks 2.0 adapt this blockchain to any new feature that appears to survive in the competitive and ever changing Cryptospace?
Can you explain why the platform Stack 2.0 makes the $STX a more special / unique Asset? Can you explain what is the difference between “Stacking” and “Staking”?
Over the years, without a doubt Stacks has made a name for itself within crypto space which is really impressive. One feature that is quite interesting within your network is the ability to create your app. My question is, does the Stack platform also assist creators and developers to promote and sell their innovations?
On data storage and encryption, how does Stack manage this on a platform with potentially large number of developers, creators, builders, merchants, etc?
In last december i’ve read a communicate that OKCoin expected to be the first to list $STX in the US and support the Stacks 2.0 release as a launch partner. It’s been almost a month, what are the updates about OKCoin and Blockstack? What is the significance for Blockstacks team of this new open door at the U.S. market?
Since Blockstack is inevitably attached to Bitcoin by its Proof Of Transfer protocol, is there any influence of the bitcoin price with the Blockstack economic model? Can you explain more about this mechanism?
Your smart contracts will be built using Clarity programming language. Why did you need a “new” programming language and what mainstream programming language is Clarity closer to?
What is the purpose of Stacks 2.0 Testnet in few words? and what does a user need to start it? any special requirement?
How many phases does have Stacks 2.0 Testnet? I’m a little confused because you talked about 4 phases (Neon, Argon, Krypton and Xenon) in your website, but then making mention to a 5th phase. and, What are the differences between them?
Is there some special meaning to name the Stacks 2.0 testnet phases as Neon, Argon, Krypton and Xenon? Which of these was the most difficult to launch?
The connection between BTC and the Smart Contracts always has been a very challenge. So what is the innovation or unique proposition that STACKS 2.0 are bringing to archieve ” a new way to Earn BTC”?
Commonly project try attract more developers by using typical languages as solidity, but you have your own Native Programming Language called “CLARITY” so is this a User-friendly language? And user need a lot of practice to learn to use It?
One of the objectives of the blockchain and DeFi is to eliminate all kinds of legal property rights and duties that users have to comply with, since nothing is manipulated by third parties, but everything completely computerized, as Stacks will implement property rights in blockchain? and why do it?
is it really possible to mitigate corruption in politics? It sounds more like utopia, with Stacks will it be possible to achieve it? How Santi Siri uses the benefits of Stacks for this purpose? will it be effective?
What difference will Clarity smart contracts really have, with conventional smart contracts? only that they could be registered with a particular blockchain name by users who want to develop applications with it?
to develop large business applications with Stacks will it be necessary to fulfill multiple requirements? Or just anyone can develop an application for any purpose and at any time?
is it totally a decentralized platform those that are developed with Stacks 2.0? being so, why only list this STK tokens on only centralized exchange platforms? why not create a tokens but erc20 that can be acquired in uniswap?
If the new digital ecosystem of Stacks 2.0 allows us all to participate as owners, does that mean that it is equal to governance by the community? Or is it really very different from a DAO system?
You say “Own your part of the future Internet” but do you really mean owning only one application or one domain? or a complete network? To be an owner, who would you have to buy “a part of the internet” from?
Really why propose the use of PoX on the new Stacks 2.0 blockchain? Why not use the most common ones like PoW or PoS to achieve better liquidity? or really PoX works in conjunction with PoW through bitcoin, giving it so more security?
This platform allows to create infinite apps and smart contracts. That’s a lot of information to store. Can you summarize what consists of the data storage of Blockstack? How is this all backed up, secure and accesible?
Blockstacks enables their users to write smart contracts with Clarity. Why Clarity Language? What are the advantages?
With the Stacks ecosystem, do users really achieve full decentralization without having to pay any taxes? Does Stacks have any kind of cost for this service?
Can I freely trust Blockstack PBC? What are the main benefits offered by this entity? And what would the other entities be in the long term?
Because ecosystems would only be stable and reliable as the entity that sustains it? Why would Stacks depend so much on this entity?
Blockstack PBC has invested a lot of work and resources for the ecosystem to achieve its goal? During the last few months have you succeeded? If not, how long is it estimated to achieve it?
Will the Stacks 2.0 blockchain be fully decentralized? And will it actually be totally private? Or will someone else have access to it?
Will the government of Stacks 2.0 really leave its users and miners the power to accept or reject any proposal? And in how long will this be done?
On their wed site they specify that “they are entering a new exciting phase for both the Stacks ecosystem and for Blockstack PBC. The company” In detail, what would that new phase be? And how long do they think they will reach that phase?
What are the main needs that Blockstack PBC has satisfied? And what are the benefits that the bases bring when dividing?
Specifically with which companies or individuals has the Stacks ecosystem partnered?
With the implementation of Full Proof-of-Transfer on testnet, what kind of updates have been included on the Krypton testnet and will it be possible to earn Bitcoin with Stacking with the Stacks 2.0 mainnet?
It’s unlikely, but not impossible… If for some reason a vulnerability were to occur in the Bitcoin blockchain, would it directly affect BlockStack? How far does its dependency extend?
If you could give a number… How much do you think I would save by creating a DeFi application with the help of BlockStack, than creating it from scratch step by step?
You talk about how Bitcoin doesn’t have enough “expressiveness” to create decentralized applications. Can you explain to us better what you mean by this and how BlockStack solves it?
Why is the Blockstack PBC being transformed into the Hiro Systems PBC, and what facilities will this transformation provide for developers to build the new internet on Bitcoin?
How does Proof of Transfer connect the Stacks chain to Bitcoin? With this phase, how will STX owners support PoX consensus via ‘Stacking’ or by locking STX to the network?
Can you tell us the difference between Blockstacks and Stacks Testnet 2.0? Why do you choose to change the name of your platform from Blockstacks to Stacks? Can you tell us what is the impact that the change of names brings to your networks and the community? Is this move is like a relaunch of your platform? Thank you
Can you describe the roles of Ankr to the update of Stacks 2.0 Tetnet? How does Ankr gives support to this update? What is the win-win agreement and benefits of Stacks and Ankr? Do you plan to collaborate in longer time? Thank you
I picked out something interesting from your Twitter header “building a user-owned internet on Bitcoin”. My question is more on what’s a user-owned internet? What does that term mean?
A look through the site shows it’s a dream world for devs, where they can build apps and protocols, so how can non-devs participate, contribute and benefit from the blockstack ecosystem?
What kind of advantages will Freehold and Daemon join the Stacks ecosystem bring to STX miners and how will Daemon and Blockstack PBC, which supports the Asian market, have a say in the market?
Why did Blockstack PBC transfer 100 Million STX to Stacks Foundation? How will the transferred funds be used with Stacks Foundation and how will it bring privileges in the market?
After your work on Stacks 2.0 public infrastructure, will it be easier to create applications and smart contracts in Stacks 2.0? Will you continue to update the Hiro brand?
Blockstack want to create Dapp and smart contract for bitcoin, this is so great and big achievement. but how did you manage problem about Scalability that bitcoin has? Because as I know bitcoin have limited capacity in transaction
Could you please introduce about your new system (VRF) verifiable random function that you use for STX Mining ? Also give an example case how that system work
What do users need to start building Apps on BlockStack? Do it need deep knowledge and advance software capabilities?
After building an Decentralized App with the help of Blockstack, what other role do your platform have on that App? Do you have any influence or say on running the app?
You talk about making Bitcoin more valuable and useful by novel consensus mechanism that powers Stacks 2.0 Could you please tell about those uses and values it brings other than providing tools to developers who wish to build on it ?
BTC could be earned by Stacking or locking STX to the network and sending periodic transactions. What’s the role of ‘sending periodic transactions’ in this ? What exactly would be the source of Bitcoin to reward user’s ?
The Stacks blockchain inherits the security of the Bitcoin blockchain through its consensus mechanism, Proof of Transfer. But how fast is the execution of transactions on Stacks platform? Will it be like Bitcoin too?
2020 and 2021 will be the year of Defi from Ethereum, I read that Stack will try to take Bitcoin into Defi, is this true? How is the process from Stack to make Defi BTC?
SEC has been creating big troubles for crypto world recently, and you already had an experience with them. Can you tell us your story with SEC please?
They talk a lot about being the 2 layer of Bitcoin, but in addition to being able to include smart contracts in its network, can you create defi products through blockstack?
Have you spent 10 months getting SEC approval for its Reg A+ filing? Is it true? If yes what is the significant reason for this?
Do you consider that your application development environment offers facilities to the programmer when it comes to making his code and his applications? do you offer teaching materials, or tutorials, to help inexperienced developers?
Is CLARITY only use JAVASCRIPT? Or we can use any language for CLARITY? If yes, Was it the main reason to select CLARITY for STX?
Do you think CLARITY smart contracts are better than all other contracts? What reasons forced you to choose this one (CLARITY)? Why are you believing on CLARITY?
You are only 7 days away from your mainnet release. What reasons and factors forced you to go for “Stacks 2.0 Mainnet”? What problems and issues are you going to solve from releasing your mainnet?
What is clarity? What are you expecting from introducing CLARITY on STX? Is there any special reason to use CLARITY in your project?
I saw on your twitter that only 7 days left until the Stacks 2.0 mainnet launch event!
Do you think this event will affect the token price ?
I am really excited about this upcoming event , can you tell me more information about it ?