With its Proof of Transfer mining, one could argue that Stacks exchange rate is more tightly tied to BTC than your typical altcoin/shitcoin/memecoin
It’s legitimate purpose is:
1. To act as a gas smart contract transactions
2. Incentivize PoX miners who spend BTC
3. Incentivize a signing pool for securing BTC peg in / peg out
Stacks isn’t finished or ready for mainstream adoption, but it is my favorite L2 for smart contracts. Stacks or some other smart contract L2 will likely secure every securities/commodities market on planet earth with bitcoin as the currency of said trade.
