Bankless

NFTs Attacking Bitcoin? with Eric Wall & Casey Rodarmor

Feb 7, 2023

Casey Rodarmor, an open-source Bitcoin developer and creator of the Ordinals protocol, joins Bitcoin expert Eric Wall for a deep dive into the intersection of NFTs and Bitcoin. They discuss how the Ordinals protocol revolutionizes Bitcoin by enabling NFTs, exploring the potential benefits and community debates surrounding this change. The duo also contrasts the NFT landscapes of Bitcoin and Ethereum, delves into miner behavior, and speculates on Bitcoin's future, showcasing an exciting era of innovation and creative possibilities within the Bitcoin ecosystem.

01:15:50

Creator website

Episode guests

Eric Wall

Casey Rodarmor

AI Chapters

Episode notes

Intro

4min

Bitcoin vs Ethereum: Philosophical Divergence

5min

Exploring Ordinals: NFTs on Bitcoin

12min

Exploring Ordinals: Bitcoin's NFT Potential

20min

Uniswap and Bitcoin NFTs: A Dual Exploration

7min

NFTs and Bitcoin: Navigating New Frontiers

19min

Creative Bitcoin: Unleashing Playful Innovations

6min

Exploring Bitcoin Inscriptions and NFT Market Dynamics

3min

In today’s show, we’re talking about NFTs on Bitcoin. Yes, you read that right. NFTs are now part of Bitcoin. Ever since the launch of the Ordinals protocol, NFTs on Bitcoin are all anyone can talk about.

We brought on the man behind Ordinals and open source Bitcoin developer, Casey Rodarmor, and also Eric Wall, our Bitcoin expert to chat about all things NFTs on Bitcoin and what it might mean for Bitcoin’s future.

------ 📣 MetaMask Learn https://bankless.cc/metamaskshow

------ 🚀 JOIN BANKLESS PREMIUM: https://newsletter.banklesshq.com/subscribe

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken

🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap

⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum

🚁 EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi

👻 PHANTOM | CROSS-CHAIN WALLET https://bankless.cc/phantom

------ Timestamps:

0:00 Intro 9:30 Ordinals 12:29 Ethereum vs. Bitcoin NFTs 14:28 Bitcoin Feature Timeline 17:55 Hard vs. Soft Forks 19:16 Bitcoin’s Segregated Witnesses 22:45 Ordinals Origin 32:11 Violating Bitcoin’s Core Philosophy 38:40 Illegitimate Bitcoin Transactions 41:13 Legitimate Bitcoin Transactions 53:55 Eric Prediction & Miner Game Theory 58:31 Bitcoin Fee Market 1:01:31 Fixed Bitcoin Fee Structure? 1:03:58 No Bloat Problem 1:10:38 Summary 1:16:21 Inscription 466 1:19:33 Bitcoin is Fun Again 1:23:50 Closing & Disclaimers

----- Resources:

Eric Wall https://twitter.com/ercwl

Casey Rodarmor https://twitter.com/rodarmor

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.