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Ordinal theory has unleashed a new wave of NFTs, memecoins and innovation on Bitcoin \u2014 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\u2019re both bullish on what memecoins mean for the original blockchain.\nListen 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.\nShow highlights:\n\nwhat ordinal theory is and how it enabled Bitcoin \u201cNFTs\u201d\n\nhow the Ordinals Protocol differs from the ERC-721 token standard used by many Ethereum NFTs\n\nhow BRC-20s work by relying on some off-chain mechanisms\n\nwhy Bitcoin is not a \u201cdinosaur chain,\u201d according to Dan\n\nwhy Trevor says BRC-20 memecoins are superior to those on Ethereum\n\nwhat the practical utilities of BRC-20s are, if any\n\nwhy transaction fees in Bitcoin rose so much and why it\u2019s healthy for the network\xa0\n\nwhether innovation is coming back to Bitcoin\n\nwhether Satoshi Nakamoto would have approved of Bitcoin NFTs\n\nthe role of speculation in fueling bitcoin adoption\xa0\n\nthe current and future state of layer 2s on Bitcoin\n\nwhy Dan says BRC-20s \u201cabsolutely\u201d solve the problem with Bitcoin\u2019s security budget\n\nwhy it\u2019s hard to determine an \u201cappropriate\u201d amount for the security budget of Bitcoin\n\nhow the NFT market could be shaped after the rise of Ordinals and BRC-20s\n\nwhat needs to be developed so that BRC-20s can flourish\n\nThank you to our sponsors!\nCrypto.com\nGuests:\n\n\nDan Held, Bitcoin educator and marketing advisor at Trust Machines\xa0\n\n\nTrevor Owens, managing partner at Bitcoin Frontier Fund\n\nPrevious coverage of Unchained on Ordinals:\nBitcoin Ordinal NFTs Are Hot and Getting Hotter. What's the Hype About? - NFT Crypto\nLinks\n\nUnchained:\xa0\n\nHow to Create a Bitcoin Ordinal\n\nBitcoin Core Developers Mull Getting Rid of BRC-20 Transactions\n\nBinance Briefly Halted Bitcoin Withdrawals Amid Network Congestion\n\nDomo\u2019s thread on BRC-20s\xa0\n\n\nAnita Posch\u2019s comments.on the high fees\n\n\nNic Carter: There's No Such Thing as High Fees on Bitcoin\n\n\nNic Carter\u2019s MIT presentation: MIT Bitcoin Expo 2019 - 10 years of Bitcoin: Evaluating its Performance as a Monetary System\n\n\nDecrypt: Michael Saylor: Bitcoin Ordinals Are a \u2018Catalyst\u2019 for Adoption\n\n\n[bitcoin-dev] [Mempool spam] Should we as developers reject non-standard Taproot transactions from full nodes?\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices