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foreign [Music] thanks for tuning in to stacker chats Stacks is a Bitcoin layer for smart contracts Im Gina Abrams and Im joined by mini Bali Stacks founder with your regular updates so some people have been referring to Stacks as a Bitcoin L2 what are your thoughts on that I think I think thats a very very interesting thing because in the latest papers that came out the latest tax paper and the sbdc paper the language used was kind of like sax is a Bitcoin layer I think we wanted to be more broad because people sometimes become very technical about about these definitions and so on uh I do think like my view here is that the initial version of stacks that went live in early 2021 that was sort of like a layer 1.5 I know I know its a confusing thing but but its not really L1 is not really a L2 and thats why I call it a layer 1.5 I do think that the next version the Nakamoto release um actually makes it pretty squarely L2 even though in the paper like currently you know we the lan