Bitcoin developer Casey Rodarmor joins us to talk ordinals, inscriptions, and digital collectibles on Bitcoin. In this episode:
- What is an ordinal? Why the name?
- The history of ordinals and inscriptions
- How does ordinal theory work exactly?
- How to participate in ordinals and do you need Ord
- The interaction between inscriptions and Bitcoin fees
- Should inscriptions be compressed? How should this happen?
- Why did Casey not use Counterparty?
- How Bitcoin is the most premium blockspace for NFTs
- Inscribed content property rights on Bitcoin versus Ethereum
- Will Bitcoin state just be pruned?
- Who will store inscription data?
- How bitcoin data availability might be improving over time
- How ordinals affect Bitcoin’s security budget
- Why NFT traders are looking at Bitcoin for the first time
- Where the inscription 400kb limit comes from
- ‘Ripping a 4 megger’
- Is Casey concerned about out of band transactions
- Do ordinals actually increase the possible efficiency of operating a full node?
- The primary bottlenecks in running Bitcoin Core and how inscriptions affect that
- Will ordinals catalyze more pruning in Bitcoin Core?
- Might ordinals make rollups more likely on Bitcoin?
- Do inscriptions dilute Bitcoin’s primary purpose as a monetary system?
- Transporting other NFTs to Bitcoin with teleburns
- What Casey is most excited about with ordinals
Further reading:
