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Bitcoin's 10 Year Overnight Success
The fearmongers were always saying that Bitcoin is just some kind of weird e-gold. And then all of a sudden here we are with ordinals and confidential asset issuance, he says. "All the stuff that supposedly you could only do on altcoins is right here" He's hopeful that it's all just going to naturally like the fee. As the fees go higher, it'll solve demand for limited scarce amount of space every 10 minutes.
In this first of a two-part series, Preston Pysh and Tuur Demeester cover all the talk about the inscriptions and the high fees that we’re currently seeing on layer one of the network. They also talk about scalability on layer two regulatory developments and plenty more.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:59 - What do inscriptions actually mean for L1 and L2 bitcoin networks?
08:19 - Why do so many people have the urge to update the code base?
11:17 - Why are inscriptions potentially good for L2?
14:25 - Apps that are seamlessly working between L1 and L2.
15:36 - What will future fees look like on both layers in 10 years or more?
28:34 - Some of Tuur's previous writing and what he's focusing on now.
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