How a $5 Bitcoin Purchase Cascaded into a $1.5 Million Viral Movement – Bitcoin Magazine
This is an editorial by Mason Price, an emerging number calculator, meme creator, and aspiring author.
This article is First published here.
stack height 1762
Nearly two months before deleting his account, @ArizonanHODL tweeted a modest screenshot of a $5 Bitcoin purchase. Ordinary people, and by “regulars” I mean no psychopathic, dark tetrad bitcoin fanatics. Powerful even in bear markets. This was the case with the @ArizonanHODL tweet, from which a new subculture of Bitcoin was born.
@ArizonanHODL terminated his account when he reached 669 likes on the Stackchain genesis block. Bittersweet conclusion.
What is StackChain?
Stackchain is a gamification of stacking fellow Bitcoin prevs and SATs. It all happens in a single Twitter thread consisting of screenshots of Bitcoin purchases called “blocks.” Each block is $1 higher than the previous block, and the latest block, known as a “tip”, can be found by searching for the hashtag #stackchaintip and sorting by newest.
@7noBodywins (formerly @satskeeper)
The story goes like this: @ArizonanHodl posts a $5 Bitcoin purchase, @Happyclowntime (also known as Bob) follows with a $6 purchase, Satskeeper follows Bob with $7 made a purchase. You can see where this is going, and so was Bitcoin’s twitter.In just a few weeks, Stackchain has pulled 400 unique plebs into her stack on Stackchain. The $1 additional purchase continues and there is no end in sight.
stack chain achievements
Many plebs speculate that Stackchain is the largest single thread on Twitter and that’s not the only crazy Stackchain stat. In 8 weeks, people on Stackchain went from buying just $5 bitcoin, cumulatively, or in terms of bitcoin, to like him buying over 7.5 bitcoins out of thousands of sats. became. a billion sats (75 bitcoins).
StackChainer not only has the undeniable goal of growing Stack, but also aims to foster Bitcoin adoption. Very aligned with our goals. Here are some projects that Stackchain has donated.
- Stacks For Bitcoin Beach: An initiative by Stackchainers to raise over $6,000 to help fund Bitcoin education in El Salvador.
Link to embedded Tweet 1 When 2.
- Bitcoin Ekasi’s Flashstack: Donations funded the purchase of about 30 phones for children in African towns. This gave children the opportunity to learn about Bitcoin by working for it and earning rewards in Bitcoin.
- Hodlonaut’s Flashstack: Stackchainers used tags to raise thousands of dollars #Stacks4Hodlonaut To help Hodlonaut fund a legal battle with Craig Wright, aka Faketoshi.
Rules and Stackchain Improvement Proposals (SIP)
Stackchain’s ruleset continues to grow. For more information on rulesets and Stackchain apps, please visit our GitHub here.
Three important Stackchain components to remember:
- stack join
Stack merging is when multiple plebs combine their Bitcoin purchases so that the sum of all purchases equals the stack height. As an example, let’s say the stack height is $500. 5 people can stack $100 each and include all purchases in the Stack Combined Block in link and/or photo format. If you tag a Bitcoin buy #stackjoin it will be added to the stackjoin mempool. It is possible from 1 dollar. - solo block
This is when someone buys a total block. To do so, find Stackchain Tips and comment your previous purchase +$1 directly on the tip. - fork
This happens when two or more people stack the same block to create a chain split. These forks can continue for multiple blocks as the stacker competes to see which fork wins. This is true for many blocks, including blocks 888, 1492, and his three forks currently being resolved.
Stackchain whales were very useful for increasing stack height, and leaderboards were a fun way to gamify stacking sats. From the leaderboard, we can see that stackjoins are contributing more and more to increasing stack height. They’ve steadily grown to the largest spot on the leaderboard, and are expected to continue to do so as blocks become more expensive.
Stackjoins is tied for 3rd place on the block count leaderboard and 4th on the cuckbucks burn leaderboard.
Stackchain timeline
Blocks stacked per day and bitcoins purchased per day
In memory of our beloved @ArizonanHODL Twitter account.
This is a guest post by Mason Price.Any opinions expressed are entirely their own and may not necessarily be those of BTC Inc. or Bitcoin magazine.
How a $5 Bitcoin Purchase Cascaded into a $1.5 Million Viral Movement – Bitcoin Magazine
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