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Garrett
@garrett
Interesting stuff coming out of the Satoshi Round Table in Dubai: BTC L2s becoming very hot category. Stacks leads the market but lots of competition incoming BitVM effectively allows trustless BTC movement to L2s Founders of BTC apps couldn't raise last year are now oversubscribed. VCs chasing deals on BTC tech
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Engin
@erdogan
Curious to know your opinion on what’s different this time, since this swell sorta happened before
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Garrett
@garrett
It feels a lot more robust and expansive this time. Ordinals really opened up the design space for bitcoin and gave the btc ecosystem a jolt of innovation Plus more money interested in btc with the etf approval
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Engin
@erdogan
Interesting. Also curious to hear thoughts on etf money’s impact on Bitcoin utility - elevating or marginalizing?
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Garrett
@garrett
short term: marginalizing long term: elevating
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Engin
@erdogan
What’s interesting to me is that the Inflow for both ordinals and etf is primarily from other ecosystems (eth and $). The key q then: what’ll be the big unlock for existing holders?
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Garrett
@garrett
more stuff to do with btc besides just hodl
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Engin
@erdogan
As for stuff, are we talking Ethereum defi usual suspects or anything different?
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