AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
BTC116: Bitcoin Ordinals and NFTs on Layer 1 of the Protocol w/ Pierre Rochard (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Bitcoin
There's no concept of serial numbers or anything like that on chain. But they've created an arbitrary methodology of saying, okay, here's how the serial number follows the Satoshi through transactions. If this becomes a popular pastime, right, if this becomes like a football World Cup, then it does make it just where fungibility could be impacted. And somebody who wants to open a lightning channel has to pay a hundred times more than they otherwise would have because society in general has decided to value issuing JPEGs on the Bitcoin blockchain a lot.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode