Muneeb Ali, co-creator of Stacks, discusses the Bitcoin trend that has everyone – or at least, many Bitcoiners – buzzing: Bitcoin ordinals. Ali explains why it is that they’ve 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.
Show highlights:
how Ordinals technology works to enable NFTs in the Bitcoin blockchain
the difference between NFTs in smart contracts platforms like Ethereum vs. NFTs in Bitcoin
the way in which the Taproot upgrade allowed Ordinals technology to exist
what security measures to take in order to protect one’s Bitcoin NFTs
why the Bitcoin maxi community reacted negatively to Ordinals
why Stacks jumped so much in price after the release of Ordinals
what Muneeb thinks is the significance of Yuga Labs launching NFTs on Bitcoin
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Guest
Muneeb Ali, co-creator of Stacks
Twitter
Previous appearance on Unchained: Blockstack On Getting Independence From Google, Facebook And Amazon
Links
Unchained: BAYC Creator Yuga Labs to Launch Bitcoin Ordinal NFTs
Decrypt: What Are Ordinals? A Beginner's Guide to Bitcoin NFTs
Dune: Ordinals - Inscriptions on Bitcoin
Episodes about Bitcoin mentioned in the show:
Does Maximalism Help or Hurt Bitcoin? Lyn Alden and Udi Wertheimer Debate
Eric Wall and Udi Wertheimer on Why Bitcoin Maximalism Is ‘Like a Shitcoin Community’
Is Bitcoin Doomed to Fail? Eric Wall and Justin Bons Face Off
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