NFTs Attacking Bitcoin? with Eric Wall & Casey Rodarmor
In today’s show, we’re talking about NFTs on Bitcoin. Yes, you read that right. NFTs are now part of Bitcoin. Ever since the launch of the Ordinals protocol, NFTs on Bitcoin are all anyone can talk about.
We brought on the man behind Ordinals and open source Bitcoin developer, Casey Rodarmor, and also Eric Wall, our Bitcoin expert to chat about all things NFTs on Bitcoin and what it might mean for Bitcoin’s future.
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Timestamps:
0:00 Intro
9:30 Ordinals
12:29 Ethereum vs. Bitcoin NFTs
14:28 Bitcoin Feature Timeline
17:55 Hard vs. Soft Forks
19:16 Bitcoin’s Segregated Witnesses
22:45 Ordinals Origin
32:11 Violating Bitcoin’s Core Philosophy
38:40 Illegitimate Bitcoin Transactions
41:13 Legitimate Bitcoin Transactions
53:55 Eric Prediction & Miner Game Theory
58:31 Bitcoin Fee Market
1:01:31 Fixed Bitcoin Fee Structure?
1:03:58 No Bloat Problem
1:10:38 Summary
1:16:21 Inscription 466
1:19:33 Bitcoin is Fun Again
1:23:50 Closing & Disclaimers
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Resources:
Eric Wall
https://twitter.com/ercwl
Casey Rodarmor
https://twitter.com/rodarmor
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures