Speaker 4
I was just going to say it's interesting to see that it's introduced a new layer of programmability into the blockchain so that developers that were, you know, iterating on the Ethereum side or on the Solana side or whether smart contracts were available to develop and can now turn to Bitcoin and say, hey, look, I want to build here. And that could cause a great proliferation of applications and different use cases on the foundational chain that started all of this, almost like a full circle.
Speaker 1
That's one way of looking at it. I think people are, you know, certainly going to be interested to see like, what else comes from this? And that's why I say like, for me, ordinals is almost just a signal, right? It's essentially, it breaks this mental model that we all had that I just don't think was very accurate. And then the mental model was essentially like, Bitcoin was this kind of dumb digital gold rock. And these other kind of application, blockchains, like, we needed to kind of make the sacrifices in terms of monetary policy, in terms of like other things, in order to have kind of this general creativity. And so now we're left, which I think is like a more correct mental model, which is that, you know, any blockchain or cryptocurrency of significant size, like, is its own economy? And essentially, these economies are competing. And, you know, when I when people ask me about the ordinals markets, it's almost like I think if a market was moving, let's just say manufacturing was moving from like Mexico to the United States, like an industry is kind of like migrating, right? Like, and I think it's interesting to think about, you know, these cryptocurrencies as economies that have other markets on them. And, you know, again, because Bitcoin is already kind of as a money has such a high market share and a high confidence, you know, okay, well, what happens if these markets that have kind of previously kind of used these other chains? Well, you know, Bitcoin users, well, you know, maybe those maybe there's a big prize and kind of bringing this some of the stuff back to Bitcoin. I think that's what Casey showed. It's, you know, developing something on Bitcoin may be more difficult. But you know that it's going to be used for potentially, you know, tens of hundreds of years, you know, that there's kind of the diehard base there. And you know that you are, you know, he succeeded at bringing something to Satoshi's invention, right? Like in a way that like was previously thought impossible. And I think that's why it's important to kind of champion him also as like an inventor and a creator, because I think a lot of people don't understand that Bitcoin has really just had a high bar, you know, for innovation and why, right? And it's because we want Bitcoin to be available. We think that it's the best chance we have at a kind of a denationalized money that's decentralized and open to everybody. And so it's not impossible to do these things. It's just very, very, very hard.