Kyle Ellicott’s Post

Had a blast representing TaxBit at MiamiWeb3, dropping some thoughts on institutional DeFi adoption. 🎤

Bitcoin is the most secure, widely accepted crypto base layer. Bitcoin Layers are the biggest unlock to it's long term viability. What's comes next? It was a pleasure to share the stage with Sean B. and Gina Abrams to discuss the Future of Bitcoin Layers at #Web3Miami. After more than a decade, Bitcoin still dominates the digital asset market with more than $365Bn in market cap. However, the vast majority of those with Bitcoin are just holding it, but what if more could be done? In activating Bitcoin's layers beyond new applications & digital assets can be built to leverage the stability & security of Bitcoin's network and open new opportunities for the latent capital being put to use. Here were some of the key takeaways from our discussion: Why is there an increasing interest in Bitcoin layers and smart contracts? In light of recent events especially, there is more interest in on chain transparency, self custody, and trusted systems. Bitcoin is also transparent, globally supported, and proven.  Institutions are seeking secure yield, brand awareness, and a long time horizon. Bitcoin provides that. Taking it a step further, it's a solid place for builders to launch new ideas, reach a global audience, and innnovate. What needs to be true 3-5 years from now to maintain Bitcoin's dominance? Most think of bitcoin as an asset, but forget it's an economy. Miners want better economics over time to continue to secure the network. When bitcoin rewards disappear in 2040, transaction fees will be the biggest driver of BTC security. By adding more transactions through a technology layer like Stacks, you add more value to every BTC transaction. What are the hurdles or challenges ahead for the success of Bitcoin layers like Stacks?  Appetite for adoption is key. It's a great time for developers and entrepreneurs to create new businesses and services for the millions of BTC holders worldwide. What's most exciting is Stacks has helped solve the decades long problem of Bitcoin read/write, with a new solution public later this month. This allows BTC to be held on chain but used in new applications. That unlocks a whole new paradigm for what's next. I'm excited to see what's built next! Want to learn more? Visit stacks.org to learn more about Stacks, the potential of more applications for the bitcoin you currently hold, and to connect with other builders pioneering the space. #bitcoin #cryptocurrency #web3

Lots of familiar faces here! Drew Austin - Redbeard Ventures David Gan - OPCrypto Yida Gao - Shima Crypto Clayton Menzel - Figment Capital Dave Wang - Palmea Capital Moderated by Christophe Lee “Doubling down on great early stage founders.” - Everyone “Easier to find great founders” - Yida “Fund managers will differentiate” - David They are bringing in the heat for the winter 🔥

#MiamiWeb3 was a huge success! 2700+ registrants, 100+ incredible speakers including Jeremy Horn, David S. Bennahum & Urvit Goel. Thank you to the City of Miami, Francis X. Suarez, Jeremy Schwarz, Jose Mallea & everyone who helped bring this to life. See you all at the next one 📈2️⃣0️⃣2️⃣3️⃣👀 Atlas Technology l Fundamental Labs l IDEG l CTH #Miami #Web3

This November 28-30, 2022, our MiamiWeb3 Summit co-hosted with the City of Miami heads to Miami and Art Basel! This event is set out to be the most significant institutional Web3 event experience of the year. What can you expect: - Three-day experience with 80+ speakers discussing and debating topics on the forefront of institutional adoption of Web3 - Multiple networking opportunities with investors and institutional heavyweights - Immersive conference experience with exhibitions, NFT collections, and much more Visit www.miamiweb3.com for more information on agenda and speakers. DM me if you want to learn more about speaking, sponsorship or getting a ticket! #MiamiWeb3 IDEG Atlas Technology CTH Fundamental Labs Henry Love Kyle Ellicott Summer Xia Kevin Loo Jane He Jonathan Eio Jamie Wang Pengfei Emma Hu Ginger Z. Athena YUAN