Casey Rodarmor on Ordinals, Inscriptions, and Digital Property Rights (EP.399)

Bitcoin developer Casey Rodarmor joins us to talk ordinals, inscriptions, and digital collectibles on Bitcoin. In this episode:

• What is an ordinal? Why the name?
• The history of ordinals and inscriptions
• How does ordinal theory work exactly?
• How to participate in ordinals and do you need Ord
• The interaction between inscriptions and Bitcoin fees
• Should inscriptions be compressed? How should this happen?
• Why did Casey not use Counterparty?
• How Bitcoin is the most premium blockspace for NFTs
• Inscribed content property rights on Bitcoin versus Ethereum
• Will Bitcoin state just be pruned?
• Who will store inscription data?
• How bitcoin data availability might be improving over time
• How ordinals affect Bitcoin’s security budget
• Why NFT traders are looking at Bitcoin for the first time
• Where the inscription 400kb limit comes from
• ‘Ripping a 4 megger’
• Is Casey concerned about out of band transactions
• Do ordinals actually increase the possible efficiency of operating a full node?
• The primary bottlenecks in running Bitcoin Core and how inscriptions affect that
• Will ordinals catalyze more pruning in Bitcoin Core?
• Might ordinals make rollups more likely on Bitcoin?
• Do inscriptions dilute Bitcoin’s primary purpose as a monetary system?
• Transporting other NFTs to Bitcoin with teleburns
• What Casey is most excited about with ordinals

Further reading: 

• Ordinals.com
• Rodarmor.com
• Casey's twitter