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i Bitcoin

DATE POSTED:October 2, 2024

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:::warning USE THE TEXT IN THIS TEMPLATE AS A GUIDE. DELETE IT BEFORE SUBMITTING YOUR DRAFT.

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\ The #bitcoin Writing Contest, brought to you by Rootstock and HackerNoon, is your chance to shine if you're a thought leader, skilled writer, talented developer, or blockchain enthusiast! Share your insights on #bitcoin for a chance to win big from our $17,500 prize pool.

\ To help you get started, we’ve organized the contest’s writing prompts into three categories: Thought Leadership, Dev Stack & Tooling, and Tutorials. Each category offers a list of questionnaires designed to guide your entry. You can answer one set of questions for a solid submission, or mix and match across or within categories to create a unique entry.

\ Good Luck!

Thought Leadership

:::info Answer 1 set of questions in this category or mix & match to create a unique entry.

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1. Which emerging or long-standing Bitcoin topics (e.g., Runes, ordinals, layer 2 solutions, sidechains) do you find most intriguing, and why?

Sidechains and Layer 2 solutions are my most interesting topics.

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  • What challenges do you think the above technologies might face in gaining widespread adoption?

I think sidechains need to track interesting Bitcoin data that the mainchain will find too expensive. E.g. more details on lost coins, stolen coins, burned coins, timelocked coins, NFT-d coins (via ordinals), etc.

I find these haven’t received enough attention in a well-delineated taxonomy.

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  • How do you envision these technologies evolving in the next 5 years?
  • What specific use cases do you see for these technologies outside of finance?

Sidechains are good for running Bitcoin DAOs without minting new tokens.

A DAO could be a non-profit e.g. for environmental awareness, community outreach, etc

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  • How does the broader Bitcoin community view these emerging topics?
  • Are there any misconceptions you believe people have about these topics?

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2. What is your forward-thinking perspective on the current and future state of the Bitcoin ecosystem?
  • How do you think Bitcoin’s ecosystem compares to other cryptocurrencies?
  • What role do you see Bitcoin playing in future global economic systems?
  • What potential threats or challenges do you think Bitcoin might face as it evolves?
  • How do you think Bitcoin’s environmental impact will change over time?
  • What opportunities for innovation within the Bitcoin ecosystem excite you the most?

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3. How do you believe Bitcoin is transforming or could further transform traditional finance systems?
  • What are the key obstacles preventing Bitcoin from fully integrating into traditional financial systems?
  • How do you see central banks and governments responding to Bitcoin’s growing role in finance?
  • Are there specific industries or sectors that Bitcoin will transform more rapidly than others?
  • How do you see the role of decentralized finance (DeFi) interacting with Bitcoin’s transformation of traditional finance?
  • What are the main advantages Bitcoin offers over current financial infrastructure?

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4. How have Satoshi Nakamoto’s writings influenced your thoughts on Bitcoin, and what personal meaning do they hold for you?
  • Which specific writings or quotes from Satoshi stand out to you, and why?
  • Do you think Satoshi’s original vision is still being upheld today?
  • How do you interpret Satoshi’s views on decentralization and privacy in the context of modern Bitcoin development?
  • Has your perspective on Bitcoin evolved after reading Satoshi’s writings, and if so, how?
  • How do you think future generations will view Satoshi's contributions to the digital currency?

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5. What is your analysis of Bitcoin's price trends, and how do you see it impacting inflation or broader economic factors?
  • How do you think Bitcoin performs as a hedge against inflation compared to gold or other assets?
  • What external factors (e.g., global economic trends, regulations) do you think most impact Bitcoin's price?
  • How do you view the correlation between Bitcoin’s price and mainstream adoption rates?
  • In your opinion, is Bitcoin more of a store of value or a speculative asset, and why?
  • What long-term factors do you believe will contribute to Bitcoin’s price stability?

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Dev Stack and Tooling

:::info Answer 1 set of questions in this category or mix & match to create a unique entry.

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Which development stacks or tools do you recommend for building on Bitcoin, and why?
  • Are there any specific libraries or frameworks you find essential when developing Bitcoin applications?
  • How do you assess the ease of use and documentation of these tools for beginners?
  • Which tools or stacks do you think will dominate Bitcoin development in the next 2-3 years?
  • How do you manage the challenges of integrating these tools into existing workflows?
  • Are there any emerging technologies you think could complement Bitcoin development stacks?

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How have you used SDKs, APIs, or smart contract frameworks in your Bitcoin development projects?
  • Can you describe any difficulties you faced when integrating SDKs or APIs?
  • What tips would you give to developers who are new to using these frameworks?
  • How do you see smart contracts evolving within the Bitcoin ecosystem?
  • Are there specific security practices you recommend when using these frameworks?
  • How do you test the functionality and reliability of these tools in your projects?

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Can you share specific technical challenges you’ve encountered and how you overcame them while building with Bitcoin?
  • How did you address scalability or performance issues in your projects?
  • Were there any security vulnerabilities you encountered, and how did you mitigate them?
  • How do you handle Bitcoin's network latency when building decentralized apps?
  • What are some best practices you followed when troubleshooting technical challenges?
  • How did you ensure your project remained future-proof and compatible with Bitcoin’s evolving infrastructure?

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What innovations do you foresee in Bitcoin’s Future?

Which areas of Bitcoin development do you think need the most improvement?

How do you think upcoming consensus mechanisms or changes will impact development?

Are there specific technologies from other blockchain platforms that you think Bitcoin developers should adopt?

How will advancements in privacy and scalability impact Bitcoin development?

What role do you see AI or machine learning playing in Bitcoin development in the future?

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Tutorials

:::info Answer 1 set of questions in this category or mix & match to create a unique entry.

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Share a detailed step-by-step tutorial on building applications, smart contracts, or other unique features on Bitcoin. (Bonus if you’re using Rootstock!)
  • What prerequisites should readers have before following your tutorial?
  • How can users customize the steps in your tutorial to fit their own projects?
  • How do you test and validate the functionality of the application or contract you are building?
  • What are the most important steps for ensuring the security of the application or contract?

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How can your tutorial help beginners or experienced developers start building on Bitcoin?
  • Are there beginner-friendly concepts you recommend readers familiarize themselves with before starting?
  • What advanced features or tools do you cover for experienced developers?
  • How do you strike a balance between beginner-friendliness and technical depth in your tutorial?
  • What specific real-world use cases do you hope developers will apply your tutorial to? How can developers expand on the basic framework you provide to build more complex applications?

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Have you worked on a project using Bitcoin? If so, can you give a detailed walkthrough of how you built it and the tools you used?
  • What initial planning steps did you take before starting the project?
  • Which development environments or IDEs did you use, and why?
  • How did you address any scalability or performance concerns during the build?
  • What were the biggest challenges you faced while working on the project?
  • How did you ensure that your project met Bitcoin’s best practices and standards?

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What are the key takeaways from your Bitcoin project that you believe others should know when building applications of their own?
  • What was your biggest lesson learned while developing your Bitcoin application?
  • Are there specific performance improvements or optimizations you would recommend to others?
  • How did user feedback influence your development process?
  • What would you do differently if you were to rebuild the project from scratch? How do you maintain and update your Bitcoin project as the ecosystem evolves?

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:::info Note: These prompts are a guide for the kinds of submissions we’re looking out for and not an exhaustive list of acceptable entries.

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:::tip Need more ideas? See submissions from other writers under the #bitcoin tag.

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