The Nyc and Griff Show18 Feb 2023

Satoshi Saturdays: What Are Ordinals?

On this episode of Satoshi Saturdays, we are joined by our good friend Charlie Spears (@cbspears). Have you heard of these “ordinals”? What about NFTs on Bitcoin...yes, you read that right. Well, Charlie is here to help it all make sense. We begin with the basic foundational pieces and then build upon the ideas.

Follow Charlie:

Twitter: @cbspears

Satoshi Saturdays is a short form news outlet focused on bitcoin and the Bitcoin network. We want to share with you the hottest topics of the week. Listen on your way to work, at the gym, or even with your friends and family!

Time Codes:

00:00 - Intro

02:00 - Bitcoin News

05:30 - introduce Charlie

06:20 - Ordinal Theory

08:20 - Witness data

09:30 - Ordinal team is now a 20,000 person chat

13:00 - how ordinals affect mining/block space

14:30 - Does Charlie feel Bitcoin is money?

18:00 - Data layer or money layer

19:00 - Pleb nodes unaffected until ~2028

21:30 - no clean way to transfer inscriptions

24:00 - Fungibility

28:00 - WEB5 and inscriptions

30:00 - Pleb in 3rd world needs to be able to subvert authority using bitcoin

32:30 - more users onboarded in the last month than the past 10 years

34:30 - Ordinals will double the user base

Connect with us!

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Linktr.ee: The Nyc & Griff Show

Twitter: @NycandGriffShow

YouTube: The Nyc & Griff Show

Content for The Nyc & Griff Show and Satoshi Saturdays is not financial advice and is to be used only as our opinions. The opinions we express are only representations of our own individual thoughts and no one else we are associated with.

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