π² Insider Information in my Socials π
π 20% Binance Low cost π
π “Crypto Bae” in Retailer π
π₯ TOP Crypto TIPS In My E-newsletter π
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πΊImportant MoviesπΊ
Earlier Stacks Video π
Technical Evaluation Tutorial π
Cryptocurrencies & Securities π
What Occurs When All Bitcoin Is Mined π
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– TIMESTAMPS –
0:00 Intro
1:49 Stacks Recap
4:25 Stacks BTC Mining & STX Stacking
7:03 Stacks Updates
8:45 STX Value Evaluation
10:59 Stacks Considerations
13:19 Stacks & STX Potential
16:06 Conclusion
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βοΈ π Helpful Hyperlinks π βοΈ
βΊ Stacks Defined In Element:
βΊ Stacks Bitcoin Mining Set Up:
βΊ STX Stacking Information:
βΊ Stacks Mining & Stacking Statistics:
βΊ Stacks Basis:
βΊ Stacks Governance & Roadmap:
βΊ Stacks SEC Particulars:
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π¨βπ«Stacks Recapπ¨βπ«
On the conceptual degree, you may consider Stacks as being a layer-2 blockchain for Bitcoin just like the lightning community however for sensible contracts as an alternative of funds
The Stacks blockchain additionally makes use of a novel consensus mechanism referred to as βproof of switchβ that leverages Bitcoinβs proof of labor consensus for safety
Proof of switch is conceptually much like proof of stake, because it entails βstackersβ who βstackβ the STX token on the stacks blockchain and earn Bitcoin as a reward
βStacks BTC Mining & STX Stackingβ
With the present market worth of STX, Stacks miners earn simply over 2000 {dollars} per block, plus any transaction charges in that block from the Stacks blockchain
The quantity of BTC miners must decide to the Stacks blockchain to mine a block is at present about 1500 {dollars}. Thatβs a few 500$ revenue in STX, which isn’t dangerous
Proper now, the minimal quantity of STX it is advisable to stack is 90 thousand. Thatβs price greater than 180 grand! Fortunately, there are methods that you would be able to stack much less STX utilizing exchanges and stacking swimming pools
Whereas the rewards for stacking are additionally not fully clear, they appear so as to add as much as about 10% in BTC relative to the greenback worth of STX youβre stacking
π°Stacks Updatesπ°
By March, stackers had earned greater than 5 and a half million {dollars} in Bitcoin rewards, which could have been what enticed the chief technique officer of Coinshares to affix the Stacks Basis
Just a few weeks later, the Stacks Basis introduced their accelerator program which gives funding and steerage to any initiatives constructing on Stacks for the primary 3 months
One of many individuals who will probably be guiding initiatives constructing on Stacks is Chainlink founder Sergey Nazarov, who appears to have a really shut relationship with Stacks founder Muneeb Ali
πSTX Value Evaluationπ
The whole thing of STXβs preliminary provide was cut up between non-public buyers, the Stacks Basis, Hiro Programs PBC, and the ventureβs founders
Given how a lot STX has appreciated in comparison with its sale worth, many of those tokens are in all probability being bought
While you mix this promote strain with the promote strain coming from Stacks miners, you want lots of demand if you’d like costs to go larger
π€Stacks Considerationsπ€
Stacks has seemingly struggled with adoption regardless of having a stable venture and elevating practically 100 million {dollars} in funding
That is evident within the quantity of stackers, which lower than 300 for this 16 day cycle. That is regarding as a result of these 300 stackers alone are stacking greater than 30% of STXβs circulating provide
That is probably as a result of doing the STX sale by the e book inside the US meant that STX was mechanically designated as a safety by the SEC
One of many unwanted side effects of STX being categorised as a safety is that it can’t be listed for buying and selling on cryptocurrency exchanges inside the US, which is the place most of Stacks partnerships are
π€Stacks & STX Potentialπ€
If STX is deemed a forex by the SEC, it is going to explode in worth. A number of US exchanges have signaled their readiness to checklist STX as soon as its cleared by the SEC, and establishments are on standby as properly
As well as, Stacks may present the incentives required to maintain the Bitcoin community utilizing transaction charges alone as soon as that final BTC is mined
~~~~~
π Disclaimer π
The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who shouldn’t be a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable threat of loss. The speaker doesn’t assure any explicit end result.
#Stacks #STX #bitcoin #crypto #blockchain
Source: Coin Bureau
26 Responses
What do you guys think of Stacks? Any other coins you want me to look at? Don't forget to hit me up on my other socials for the content you are not getting here π https://guy.coinbureau.com/socials/
We have just published an interview with the Stacks Foundation.
Come and check out the latest news on Stacks Crypto.
the only problem of stx is it did not have a token wallet… it is not listed in blockchain and etc…
Itβs not a layer 2 but layer 1 blockchain with interesting features when it comes to its relationship with BTC (it can read BTC without the need of an Oracle for example).
I like the video but that shirt lmfaooooooo fuckin awesome
STX and XRP primed to move once the SEC gets the hell out of the way!
Bought more stx today!
neat
ShibToTheMoon!!!! We went from "gold/silver" to "paper/digital" money, (for the non believers, ask your self) so why not to "Crypto" money? I love crypto currency! Crypto currency is the future
Muchas gracias Guy π
DYOR Nic Puckrin the ex goldman sachs banker owns coin bureau, Guy is a fake front man, this comment has been deleted repeatedly by coin bureau because they want to keep the fraud going but itβs too late the cats out of the bag, be honest and let everyone know Guy is a paid actor!!!! Something is not right with this picture!!!
STX is the underdog of the underdog of the underdog in DeFi. Never underestimate the underdog of the underdog of the underdog. STX is going to $100 and beyond eventually. People are going to be melting faces at how they let this gem slip by them.
This is the most undervalued coin I have ever seen.
I just want everyone to notice – he doesn't blink. ever
Why was the chart shown vechain?
Gate-io are fake as hell
Always great content Guy!
Now is probably the perfect time to buy. Whole marketβs dipping with STX at an all-time low, and it could become recognised as a currency this year.
Guys! $CLOUT is next up. First peer to peer content sharing network on the binance. CLOUT is the first
static reward marketing token aimed at farming. Huge things coming soon. No brainer for me.
try checking out on FerrumNetwork, you'll understand why this project has huge potential
stxπ
I'm trying to find a pool to put my stax into, but all I can find are ones that have a minimum of 10,000 stax needed to join their pool or ones that have no benefits. So I bought stax, added them to my Hiro wallet and now don't know how to find a good pool for a smaller amount
Guy please cover cudos!
Not for pumping the price but I really want more information on them look promising but ofcourse you would know better.
possible to buy stack now?where offshore?
I do feel like we should probably go ahead and shill this to every DeFi protocol developer that's actually serious about their security rentible.io all the way
TA hint : 11:01
Most starup Crypto companies setup biz outside USA first, before moving into US : Crypo
Issues with SEC: crypto vs security
Soon to have mass adpotion