In this episode, I spoke to Muneeb Ali, the co-founder of Stacks — a Bitcoin L2 that aims to make BTC more programmable and scalable.

At USV, we originally backed Muneeb and his co-founder Ryan Shea back in 2014. Our shared hypothesis was that Bitcoin had the potential to impact more than just finance—it could be a new foundation for the internet itself.

Of course, this idea wasn't as obvious back then. In my conversation with Muneeb, we used his personal and professional journey to trace the origins of this idea—starting with his PhD in computer science at Princeton leading up to his fascination with Bitcoin and work on Stacks today.

Muneeb offers insights into the technical and cultural challenges of innovating within the Bitcoin ecosystem, and shares his vision of a future where BTC serves as the foundation for the next generation of decentralized applications.

Chapters:

00:00:00 Cold open
00:01:35 Muneeb's background in computer science and peer-to-peer systems research
00:06:29 Transitioning from academia to entrepreneurship
00:09:00 The "aha moment" - Bitcoin solving the global state problem
00:11:16 Evolution of Muneeb's vision for Bitcoin
00:15:00 Comparing different approaches to blockchain architecture
00:22:48 The current landscape of blockchain ecosystems
00:26:29 Challenges of building on Bitcoin and navigating community resistance
00:29:43 The Stacks Nakamoto upgrade and its potential impact
00:32:44 Decentralization versus user experience
00:37:38 Future vision for Bitcoin L2s and a decentralized internet

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The Slow Hunch is produced by the team at Spectral.