Taproot was the trojan horse that opened the door to a new wave of Bitcoin innovation and culture. At the forefront of this culture are Udi, Eric, and Nic, the taproot wizards causing a shift in the world of Bitcoin. ------ 📣 CONSENSYS | DILIGENCE FUZZING https://bankless.cc/diligence-fuzzing-pod ------ 🚀 Airdrop Alpha is waiting for you on Bankless.com  https://bankless.cc/Alpha  ------ BANKLESS SPONSOR TOOLS:  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2   🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  👾STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader  🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku  🎮IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/Immutable  🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ----- Timestamps: 0:00 Intro 6:19 Introducing the Taproot Wizards 12:00 Rejected From Bitcoin Conferences 17:17 Meme and Culture Layer of Bitcoin 23:55 Taproot Was a Trojan Horse 30:28 Are Ordinals Good For Bitcoin Bags? 35:11 How Ordinals Have Changed Public Perception 41:27 A Bitcoin Civil War 47:14 "We Broke Bitcoin" 53:42 Addressing Bitcoin Media  1:04:15 Are David and Ryan Bitcoiners? 1:05:27 Closing and Disclaimers ------ Resources: Nic Carter https://twitter.com/nic__carter  Eric Wall https://twitter.com/ercwl  Udi Wertheimer https://twitter.com/udiWertheimer  ----- 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 

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 

1st Week of February, 2023 ------ 📣 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  ------ Topics Covered 0:00 Intro 4:30 MARKETS 7:30 ETH Supply https://ultrasound.money/  10:20 FOMC Meeting https://www.bloomberg.com/news/live-blog/2023-01-31/fomc-rate-decision-and-fed-chair-news-conference  13:00 Markets and Inflation https://twitter.com/TrustlessState/status/1620063534880264192  14:45 Tokens Up Layer 2: https://imgur.com/sGYGc7h  DeFi: https://imgur.com/BnzQve7  17:20 Canto https://variant.fund/articles/canto-a-layer-1-incentive-experiment/  20:20 dYdX Lockup https://twitter.com/spreekaway/status/1618671588907581440  25:00 $COIN  https://imgur.com/gfboGPU  25:40 ChatGPT https://therug.mirror.xyz/hUQt2XF1roaocALWW1QdM45NzY7YkDFooKpRre9yRwI  29:00 Bitcoin NFTs https://metaversal.banklesshq.com/p/bitcoin-nfts  Visualizer: https://mempool.space/block/0000000000000000000515e202c8ae73c8155fc472422d7593af87aa74f2cf3d  33:40 Controversy Casey: https://twitter.com/rodarmor/status/1619516796176039937  Eric Wall: https://twitter.com/ercwl/status/1619720558362660864  DrNick: https://twitter.com/drnicka/status/1620002472986308610  41:45 FTX Creditors https://www.theblock.co/post/205859/ftx-creditor-list-includes-star-athletes-crypto-firms-state-governments  Bail Pay: https://twitter.com/watcherguru/status/1620206663268700160  Witness: https://twitter.com/tier10k/status/1620132741038886912  Contact: https://cointelegraph.com/news/federal-judge-bars-sbf-from-contacting-ftx-and-alameda-employees-using-signal  Compliance: https://www.coindesk.com/video/sbfs-mother-and-brother-not-cooperating-with-financial-probe-ftx-lawyers-say/  Mark Wahlberg: https://watcher.guru/news/ftx-and-binance-doc-in-the-works-from-fortune-mark-wahlberg  51:00 OFAC Compliant Blocks https://twitter.com/sassal0x/status/1618819502761992193  MEV Watch: https://www.mevwatch.info/  Relay Market: https://mevboost.pics/  53:25 Staking Withdrawal https://www.theblock.co/post/207231/ethereum-staking-withdrawal-testnet-for-shanghai-upgrade-goes-live-tomorrow  54:15 Optimism Bedrock https://twitter.com/optimismFND/status/1620905414769668097  David: https://twitter.com/TrustlessState/status/1621181863380324353  55:40 RPL vs LDO https://twitter.com/nixorokish/status/1620061177551417349  57:55 ImmutableX Passport https://www.immutable.com/products/passport  59:00 Harmony https://www.dlnews.com/articles/defi/harmony-execs-mismanaged-funds-and-bullied-workers-ex-staff-claim/  1:03:55 Blur vs OpenSea https://mobile.twitter.com/pandajackson42/status/1620081523646148613  Royalties: https://twitter.com/ljin18/status/1620490983610945538  1:09:00 Cardano Stablecoin https://cointelegraph.com/news/ada-backed-algorithmic-stablecoin-djed-launched-on-cardano  1:09:20 Worldcoin https://twitter.com/worldcoin/status/1618948582769582080  1:10:50 Celsius Withdrawals https://www.coindesk.com/policy/2023/02/01/bankrupt-lending-platform-celsius-names-users-eligible-to-withdraw-assets/  1:11:35 Twitter Money https://cointelegraph.com/news/elon-musk-wants-twitter-payments-system-built-with-crypto-in-mind  1:12:20 Amazon NFT https://blockworks.co/news/amazon-nft-marketplace-web3  1:15:00 Questions from the Nation Daniel Allan: https://twitter.com/imdanielallan/status/1617932612668108807  1:22:30 TAKES 1:23:00 McDonalds https://twitter.com/McDonalds/status/1618691421091024897  1:24:10 Max Pain https://twitter.com/RyanSAdams/status/1620792397746814976  1:26:10 Purity in Isolation https://twitter.com/RyanSAdams/status/1620971450579693569  1:30:00 Blockspace Middlemen https://twitter.com/litocoen/status/1621097714191855616  1:30:40 Influencers https://twitter.com/jediblocmates/status/1620413105095475201  1:32:30 What David’s Bullish on https://twitter.com/TrustlessState/status/1621175981301174274  1:34:45 What Ryan’s Bullish on 1:35:30 MEME of the Week https://twitter.com/eth_valid/status/1620443912254152705?s=20  ----- 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 

In this episode, David is joined by John Light of Sovryn and Eric Wall, who moonlights David on the Bitcoin technical details throughout the interview. The three go over the bull case for ZK-Rollups on Bitcoin. It’s undoubtedly the frontier. ------ 📣 Infura | Join the New Decentralized Infrastructure Network Early Access Program www.bankless.cc/infura  ------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/?utm_source=banklessshowsyt  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/  ------ BANKLESS SPONSOR TOOLS: ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  👯 DESO | DECENTRALIZED SOCIAL BLOCKCHAIN https://bankless.cc/Deso  🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave  📡 TRUEFI | CRYPTO FINANCIAL HUB https://bankless.cc/TrueFi  👾 SEQUENCE | ALL-IN-ONE PLATFORM https://bankless.cc/Sequence  ⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/fuel  ----- Topics Covered 0:00 Intro 5:10 John’s Background 8:24 How zkBTC Works? 11:00 Eric’s Interest 15:43 A Better Lightning Network? 21:33 Rollups on ETH vs. Lightning Network 25:50 Rollup Potential 29:24 Optimism 32:15 Expressivity 43:53 Limitless Bitcoin Applications 46:29 Layer 3 Protocols 50:25 What Needs to Happen 52:05 Forks & Flippening Effects 58:00 Proof Systems & Recursive Covenants 1:09:40 Next Steps 1:12:00 Research 1:14:12 Eric’s Thoughts on Bitcoin 1:16:50 Closing & Disclaimers ------ Resources: John Light https://twitter.com/lightcoin  Eric Wall https://twitter.com/ercwl  Validity Rollups on Bitcoin https://bitcoinrollups.org/  ----- 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 

Bitcoin builder and researcher, Eric Wall, discusses the evolution of Bitcoin scaling solutions, BitVM intricacies, and the future of Bitcoin L2. Topics include the necessity of Bitcoin L2s, challenges and advantages of Runes, complexities of BitVM implementation, and promising developments in Bitcoin's layer 2 solutions.