Mar 06•2 min read
Stack's PoX does with bitcoin's currency what bitcoin's PoW does with the universe's currency, it is as simple as that.
Those trashing stacks as being yet another tiny fiat craze with the clever idea of directly bootstrapping on bitcoin's success only need to stop and think what makes bitcoin work, as a rational and effective means of human organization and progress like gold, bitcoin does what it does thanks to PoW, just ask Major Lowery.
And just like bitcoin requires THE currency to function, aka energy, stacks requires its most accurate representation, bitcoin, to do its thing.
Why? Because we've decided it be that way, and changing this behavior on stacks is as technically possible as it is on bitcoin, of course with a bigger community this possibility shrinks further.
If you want to launch a separate blockchain that isn't a “shitcoin”, PoX on bitcoin is how you do that, if bitcoin adheres to real world constraints, whatever adheres to bitcoin inherits said properties.
Think of Stack's PoX as an abstraction layer of bitcoin, a PoW recycling process.
When it comes down to it, bitcoin is doing PoX with the universe, it offers low entropy -energy- for the universe to dissipate as it likes to do, and in doing so gives back the coins that humans treat as human energy, that’s our consensus.
And here you see the nature of reality forcing Muneeb’s hand, because stacks is to bitcoin what bitcoin is to the universe, can you imagine what would bitcoin be without its token?