Bankless Runes: Tokens on Bitcoin | Casey Rodamor
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Apr 18, 2024 Casey Rodarmor, the brain behind the Ordinals Protocol and Runes, dives into how these innovations are transforming Bitcoin's ecosystem. He discusses the cultural shift prompted by ordinals, the competitive nature between traditional Bitcoiners and innovative developers, and the future of fungible tokens on the Bitcoin network. Casey explains the technicalities of runes, exploring their potential impact on DeFi and scalability. The conversation is packed with insights about maintaining Bitcoin's integrity while embracing groundbreaking innovations.
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Bitcoin Fees
- Casey Rodarmor reflects on Bitcoin's history of fluctuating fees, observing periods of low and high activity.
- He expresses satisfaction in contributing to the current high-fee period, beneficial for Bitcoin's security.
Crypto as a Casino
- Casey Rodarmor acknowledges NFTs and fungible tokens as speculative and often harmful, comparing crypto to a large online casino.
- He categorizes harmful activities, ranging from outright scams to meme coins, while expressing a preference for meme coins over projects with unrealistic promises.
Bitcoin for Degens
- Casey Rodarmor prefers speculative activity to occur on Bitcoin rather than other blockchains.
- He views Bitcoin as more robust and decentralized compared to chains like Ethereum, making it a better destination for "degens."