BITCOIN SEASON 2: The NFT Market is Broken, Here's How To Fix It

BITCOIN SEASON 2: The NFT Market is Broken, Here's How To Fix It

Nick from Gamma explains how Bitcoin ordinals differ from traditional NFTs and introduces Signals - a platform solving the broken price discovery process that forces users to jump through ridiculous hoops just to buy digital collectibles. You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 7,000 Bitcoiners: https://newsletter.blockspacemedia.com Nick, co-founder of Gamma, joins us to talk about the broken NFT market discovery process and how their new platform Signals fixes the ridiculous whitelist system. We dive into Bitcoin ordinals vs traditional NFTs, why inscriptions are superior to off-chain storage, and how auction-style price discovery creates fairer markets for creators and collectors. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • Tens of thousands of Bitcoin nodes store inscriptions • 2021 marked peak NFT hype cycle craze • Most NFT data stored on centralized servers • Signals uses auction clearing price model • Bitcoin inscriptions permanently on-chain • Traditional NFTs just track ownership Timestamps 00:00 Start 00:49 Inscribing Vegas conference 02:47 NFT market currently 05:45 Market participants 11:44 Why are Ordinals & Inscriptions interesting? 20:36 Arch Network 21:08 Price discovery (it's harder than it looks) 29:09 Signals Art 39:54 Blockspace 40:43 Is a market equilibrium possible? 45:05 Wrap up 47:53 Invite code #BS2 - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Episoder(3946)

Soccer Team Gets Crypto, SEC Doles Out Penalties

Soccer Team Gets Crypto, SEC Doles Out Penalties

The SEC hits crypto asset fund and “ICO superstore” with penalties in a double whammy. -AND- Ethereum developers are hard at work on new ways to fend off ASICs. -ALSO- Le crypto is coming for French s...

11 Sep 201813min

WeChat vs. Bitmain

WeChat vs. Bitmain

Interstellar is born. The long-awaited union of Chain and Lightyear.io has delivered a new company. -AND- The WeChat crackdown on cryptocurrency-related accounts continues! This week’s victim: mining ...

10 Sep 201812min

The End of the ICO Era

The End of the ICO Era

The era of big ticket ICOs may be over, at least according to some cryptocurrency industry observers. -AND- The pioneer of the proof-of-stake consensus system wants to get into… hardware? -ALSO- Crypt...

7 Sep 201811min

Blood in the Water

Blood in the Water

Officials in China want to use blockchain to track the movements of paroled convicts. Maybe Chinese ICO backers will get to use blockchain after all? -AND- IBM is working with a blockchain organizatio...

6 Sep 201810min

R3jected

R3jected

Good news out of China? The People’s Bank of China’s digital currency researchers are expanding. -AND- Ripio is expanding its crypto-powered loan offering across South America. -ALSO- R3’s attempt to ...

5 Sep 201812min

NEO Wanted BitTorrent

NEO Wanted BitTorrent

A new paper co-authored by Vitalik Buterin proposes to solve the network’s “free rider” problem. -AND- The Australian Securities Exchange (ASX) has pushed back the launch of a blockchain replacement f...

4 Sep 20189min

An Apple a Day Keeps the War Riders Away

An Apple a Day Keeps the War Riders Away

Developers move to change the economics of the Ethereum blockchain. -AND- Messaging giant LINE launches a live blockchain and plans to issue 1 billion of its own tokens. -ALSO- Japanese e-commerce gia...

31 Aug 201810min

If You Give A Mouse a Bitcoin...

If You Give A Mouse a Bitcoin...

Ethereum’s biggest test is fast approaching, and an important decision regarding issuance is up in the air. -AND- Secret contracts provider Enigma has signed eight partners to test its service at laun...

30 Aug 201810min

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