Notes from leads offsite in New York:

- AI security and quantum are two big upcoming challenges, not just for Stacks but for the broader Bitcoin ecosystem. There is an opportunity to show leadership here.

- Growth of BTC deployed in bonds remains the focus. The current bottleneck is institutional custodian integrations; custodians need to be live and tested before larger capital flows into bonds. We’ve made great progress on this lately.

- We’re organizing labs into nimble teams that are AI-pilled. Agility matters in this new AI world. 1-3 person teams with tons of agents will run most work streams. We’re building the “AI factory” that’ll automate and enhance our audits, testing, release cadence, and more.

The market has a lot of fear about AI finding bugs or breaking encryption, along with fears of an acceleration toward quantum computers.

We see these as opportunities to roll up our sleeves and take action. We can reach a state where code is formally verified, and frontier models run continuous tests. Stacks devs are already researching steps towards a post-quantum world.

We left the NYC offsite more energized than ever. The work we’re doing on Bitcoin capital markets and the safety of these systems matters more than ever. We embrace the new tools and a changing world. Forward!(Historical earnings: For 2026Q3 (period ended 2026-04-03), Seagate reported basic EPS of 8.71, diluted EPS of 8.29, and net income of USD 1.890 billion, compared with basic EPS of 4.65, diluted EPS of 4.52, and net income of USD 0.981 billion in the prior-year period. For 2026Q2 (period ended 2026-01-02), basic EPS was 5.31, diluted EPS was 5.03, and net income was USD 1.142 billion, versus basic EPS of 3.04, diluted EPS of 2.95, and net income of USD 0.641 billion in the prior-year period. Consensus expectations: For the upcoming 2027Q1 event, consensus expects EPS of 7.3821 and revenue of USD 4.130 billion.)