Went to @citrea_xyz's Bitcoin Research Day, really high signal event. TLDR: We're making incremental improvements in trust-minimized BTC technology that will likely have little effect on BTC utilization rate today, but once trustless bridging is possible, they will be some of the most important protocols in crypto. My high-level takeaways: > @cryptoquick @isabelfoxenduke @januszg_ @redvelvetzip @JeremyRubin are great people to follow for future BTCFi and Bitcoin Layer development. Some of the most educated people in the Bitcoin ecosystem. > The Bitcoin Ecosystem can be broken down into three buckets based on trust assumptions: trustless, trust-minimized, and no one gives a f*ck (NOGAF). We have some proxies for those audiences: 1. Trustless: hardest to gauge, not sure what % of the mc of BTC would actually participate in BTC if BTC could be bridged to other chains in a trustless manner. 2. Trust-minimized: Bitcoin TVL is a decent proxy. Would say Babylon makes up 50% of the TVL and would not call it the most trust-minimized option; most of those aren't even live yet. But @citrea_xyz, @AlpenLabs, @ArchNtwrk, and similar rollups/BitVM utilizoors will probably be the best proxy. 3. NOGAFs: Bitcoin wrappers (WBTC, BTCB, cbBTC, LBTC, etc.), roughly $30B as of the time of writing. > Trust-minimization technology is a clear point of focus for Bitcoin devs. We're making incremental improvements (BitVM2/3, garbled circuits, Bitcoin ZKProofs, statechains, Bitcoin covenants etc etc (sorry I'm just spitting out buzzwords, I will do deeper posts on all this in the near future)). But today's trust-minimized technology is still very much a WIP, thankfully Bitcoin eco has some of the highest-caliber talent so I encourage everyone to follow the above accounts listed (and please tag any other recs!) There's so much more to cover, I'm very excited to dive deeper into the Bitcoin Eco, thankful to leverage @MessariCrypto's distribution to do so. Please reach out if you're building on Bitcoin!!