Unchained The Chopping Block: Wizards vs. Laser Eyes for the Future of Bitcoin - Ep. 495
May 20, 2023
In this discussion, Eric Wall, cofounder of Taproot Wizards and expert in Ordinals and BRC-20 tokens, dives into the brewing rivalry between the 'laser-eye tribe' and the 'magicians' within the Bitcoin community. He explores how Ordinals might attract Ethereum-style challenges to Bitcoin and whether they can stimulate demand for block space. The conversation also touches on security concerns around Ledger, the cultural shifts in Bitcoin, and the implications of Miner Extractable Value (MEV) for the network's future.
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Wizards vs. Laser Eyes
- Eric Wall and Udi Wertheimer started a playful rivalry between "laser-eye maxis" and "wizards" at Bitcoin Miami.
- Conference attendees wearing wizard hats earned better odds for an NFT whitelist, highlighting the cultural divide within Bitcoin.
Bitcoin User Base
- Many Bitcoin users are unaware of the "maxi" culture wars.
- Bitcoin maximalists represent a vocal minority, distinct from the broader user base.
The Bald Wizard Inscription
- Taproot Wizards inscribed a 4MB bald wizard image onto a Bitcoin block, a first in Bitcoin's history.
- This act fueled Ordinals hype and set a precedent for large inscriptions.