Bitcoin’s BRC-20 Mania: Is It Sustainable? - Ep. 493

Ordinal theory has unleashed a new wave of NFTs, memecoins and innovation on Bitcoin — but not without controversy. Bitcoin educator Dan Held and Bitcoin Frontier Fund Managing Partner Trevor Owens join the show to discuss the breakneck rise of BRC-20s and why they’re both bullish on what memecoins mean for the original blockchain.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.
Show highlights:

what ordinal theory is and how it enabled Bitcoin “NFTs”

how the Ordinals Protocol differs from the ERC-721 token standard used by many Ethereum NFTs

how BRC-20s work by relying on some off-chain mechanisms

why Bitcoin is not a “dinosaur chain,” according to Dan

why Trevor says BRC-20 memecoins are superior to those on Ethereum

what the practical utilities of BRC-20s are, if any

why transaction fees in Bitcoin rose so much and why it’s healthy for the network

whether innovation is coming back to Bitcoin

whether Satoshi Nakamoto would have approved of Bitcoin NFTs

the role of speculation in fueling bitcoin adoption

the current and future state of layer 2s on Bitcoin

why Dan says BRC-20s “absolutely” solve the problem with Bitcoin’s security budget

why it’s hard to determine an “appropriate” amount for the security budget of Bitcoin

how the NFT market could be shaped after the rise of Ordinals and BRC-20s

what needs to be developed so that BRC-20s can flourish

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Guests:

Dan Held, Bitcoin educator and marketing advisor at Trust Machines

Trevor Owens, managing partner at Bitcoin Frontier Fund

Previous coverage of Unchained on Ordinals:
Bitcoin Ordinal NFTs Are Hot and Getting Hotter. What's the Hype About? - NFT Crypto
Links

Unchained:

How to Create a Bitcoin Ordinal

Bitcoin Core Developers Mull Getting Rid of BRC-20 Transactions

Binance Briefly Halted Bitcoin Withdrawals Amid Network Congestion

Domo’s thread on BRC-20s

Anita Posch’s comments.on the high fees

Nic Carter: There's No Such Thing as High Fees on Bitcoin

Nic Carter’s MIT presentation: MIT Bitcoin Expo 2019 - 10 years of Bitcoin: Evaluating its Performance as a Monetary System

Decrypt: Michael Saylor: Bitcoin Ordinals Are a ‘Catalyst’ for Adoption

[bitcoin-dev] [Mempool spam] Should we as developers reject non-standard Taproot transactions from full nodes?

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