Nick Hansen (Luxor) on Ordinals, Blockspace, and Mining Pools (EP.407)
On The Brink with Castle Island
Is There a Way to Inscribe the Art in Bitcoin?
The NFT primitives that exist today, mints, auctions, royalties, controversially, are those, can those be recreated in the Bitcoin paradigm? Yeah. So like mints and things, mints and drops. The way they used to work is you, like somebody would drop the smart contract that would randomly select one of say 10,000 NFTs for you. And you were the one that minted it. So you paid a fee, you paid a gas. Regardless of what you think about NFTs and the usefulness of them, there was almost $350 million worth of economic activity surrounding this one particular event.
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