Casey Rodarmor shares his opinions on the progress of Ordinals in the past 9 months, his thoughts on BRC-20s, and discusses Ordinal Theory. He also talks about the future of the Ordinals Protocol and whether it is just a passing trend. Other interesting topics include anarchy on the west coast, Bitcoin development, confusion surrounding utility in the NFT world, developments in the Bitcoin space, the importance of sleep for mental health, and the ethics of 'shit coins' on Bitcoin.
Running your own indexer is crucial for decentralization and security in the Ordinals Protocol.
Implementing royalties in inscriptions is challenging and alternative options like tipping addresses for artists should be explored.
Deep dives
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The importance of running your own indexer
It is emphasized that running your own indexer is crucial for decentralization and security. It is argued that relying on a few APIs for checking the state of oracles and meta-protocols leads to centralization. Running your own indexer is considered the fundamental solution to this problem, and it is suggested that making indexers easier and cheaper to run would further encourage decentralization.
Challenges with implementing royalties for creators
The discussion revolves around the challenges of implementing royalties in inscriptions. It is pointed out that the current implementations are messy and easily exploitable, as there is no foolproof way to ensure accurate reporting of prices. Despite the interest in having royalties for creators, the lack of a good implementation and the potential for misleading promises in other NFT ecosystems have led to skepticism. Instead, the suggestion is made to explore alternative options like tipping addresses for artists, while acknowledging the limitations of implementing royalties.
Casey spills the tea on his opinions on all things Ordinals - how things have progressed over the last 9 months, what he thinks of BRC-20s, Ordinal Theory, what’s next for the Ordinals Protocol, and whether or not Ordinals is a flash in the pan.
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