Bitcoin Ordinal NFTs Are Hot and Getting Hotter. What's the Hype About? - Ep. 462

Published: March 3, 2023, noon

b"Muneeb Ali, co-creator of Stacks, discusses the Bitcoin trend that has everyone \\u2013 or at least, many Bitcoiners \\u2013 buzzing: Bitcoin ordinals. Ali explains why it is that they\\u2019ve taken up block space, pushed Bitcoin fees higher, and caused controversy in the community. Plus, he explains why the phenomenon has generated excitement about Stacks.\\n\\nShow highlights:\\n\\nhow Ordinals technology works to enable NFTs in the Bitcoin blockchain\\n\\nthe difference between NFTs in smart contracts platforms like Ethereum vs. NFTs in Bitcoin\\n\\nthe way in which the Taproot upgrade allowed Ordinals technology to exist\\n\\nwhat security measures to take in order to protect one\\u2019s Bitcoin NFTs\\n\\nwhy the Bitcoin maxi community reacted negatively to Ordinals\\xa0\\n\\nwhy Stacks jumped so much in price after the release of Ordinals\\n\\nwhat Muneeb thinks is the significance of Yuga Labs launching NFTs on Bitcoin\\n\\n\\nThank you to our sponsors!\\n\\nCrypto.com\\n\\n\\nRailgun DAO\\xa0\\n\\nGuest\\nMuneeb Ali, co-creator of Stacks\\n\\nTwitter\\n\\nPrevious appearance on Unchained: Blockstack On Getting Independence From Google, Facebook And Amazon\\n\\n\\n\\nLinks\\n\\n\\nUnchained: BAYC Creator Yuga Labs to Launch Bitcoin Ordinal NFTs\\n\\n\\n\\nDecrypt: What Are Ordinals? A Beginner's Guide to Bitcoin NFTs\\n\\n\\nDune: Ordinals - Inscriptions on Bitcoin\\n\\n\\nEpisodes about Bitcoin mentioned in the show:\\xa0\\n\\nDoes Maximalism Help or Hurt Bitcoin? Lyn Alden and Udi Wertheimer Debate\\n\\nEric Wall and Udi Wertheimer on Why Bitcoin Maximalism Is \\u2018Like a Shitcoin Community\\u2019\\n\\nIs Bitcoin Doomed to Fail? Eric Wall and Justin Bons Face Off\\n\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"