AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Block Space - Should We Celebrate Every Use of JPEGs?
In the past 18 months, blocks have been at 75% to 80% utilization. If Bitcoin goes to 100k this year, without a doubt, we go to 100% utilization of block space from monetary transactions. Wise is the universal account made for moving money around the world. GetRefunds.com can help you get your business tax refund.
Pierre Rochard comes back to the show to do a deep dive into ordinals and the impact of people being able to put NFTs onto the base layer of the Bitcoin protocol. Many people in the space are currently debating whether this is a good thing or a bad thing, and there's no one better than Pierre to provide a good objective look at what it means and whether it potentially presents an attack vector to the protocol in the long term.
Pierre has an in-depth understanding of the code, how exchanges work, mining, and everything else in between.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:30 - What are ordinals?
11:37 - A background on the current mining company that nearly filled an entire block with a .jpg file.
29:07 - The idea of a soft fork limiting an op-push in the input / output portion of each block.
34:50 - A history on what updates occurred that allowed this to start happening on layer 1 Bitcoin.
50:20 - Is this a coordinated DoS attack on the network? Could it be?
50:20 - Are their concerns with illicit pictures being put onto the blockchain a potentially attack vector?
51:29 - Couldn't node operators simply run a pruned node to defend against such an attack?
55:05 - What does this look like in 3 to 5 years from now if nothing is done?
56:32 - Thoughts on Charlie Munger's Wall Street Journal article bashing Bitcoin.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
NEW TO THE SHOW?
SPONSORS
Support our free podcast by supporting our sponsors:
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Listen to all your favourite podcasts with AI-powered features
Listen to the best highlights from the podcasts you love and dive into the full episode
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
Listen to all your favourite podcasts with AI-powered features
Listen to the best highlights from the podcasts you love and dive into the full episode