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 

Casey Rodarmor, Creator of Ordinals Protocol and Runes, discusses bringing fungible tokens to Bitcoin. Topics include Bitcoin NFTs, cultural shifts with Ordinals, launching Runes protocol standard, and implications for Bitcoin innovation.

Explore the exciting lineup of guests for Consensus 2024, featuring presidential candidate Robert F. Kennedy Jr., Franklin Templeton CEO Jenny Johnson, and Bitcoin developer Casey Rodarmor. They discuss pro-crypto views, fintech initiatives, and the creation of the Runes protocol for token on Bitcoin.

Casey Rodarmor, the inventor of impactful blockchain protocols, joins to discuss the launch of Runes, a meme coin protocol embracing crypto's speculative nature. He talks about Bitcoin's ability to withstand attacks and the challenges of getting soft forks adopted. Casey is skeptical about layer two solutions and highlights the importance of improving the BIP process. Bugs were addressed before Runes' launch, indicating the project's focus on security.

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.