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BITCOIN RAILS #41 | Bitcoin Native Staking: When Trust Becomes the Bottleneck | with Babylon founder David Tse 🔗 YOUTUBE: 🌿 SPOTIFY: “99% of Bitcoin is held idle, not because of lack of interest, but because of lack of trust.” Not long after Ordinals (and BRC20) revitalized the “Bitcoin...

15,937 views • 7 months ago •via X (Twitter)

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BITCOIN RAILS #55: WHAT HAPPENED TO BITCOIN TREASURY COMPANIES? | with David Bailey🇵🇷 $2.0mm/btc is the floor & Brandon 🔗 YOUTUBE: 🌿 SPOTIFY: This most recent bull market was inarguably defined by one dominant narrative: the rise of Bitcoin treasury companies and their dramatic retracement as crypto "DATs" flooded markets. David Bailey🇵🇷 $2.0mm/btc is the floor — former CEO of Bitcoin Inc. (Bitcoin Magazine bitcoin conference) — raised $760M for treasury company Nakamoto, which catapulted to a peak valuation of 33X MNAV before sliding down below MNAV after a seeming burst in treasury mania last year. David joins me and the newly appointed CEO of Bitcoin Inc. Brandon, to share the history of one of the most influential companies in Bitcoin history (Bitcoin Inc.), how their treasury play changed everything, and what we can expect from Bitcoin treasury companies moving through 2026 and beyond. In this episode, the three of us discuss: - The history of Bitcoin Inc., and the rise of Bitcoin Magazine and Bitcoin Conference empire. - The role of UTXO Management (VC and trading fund) in the team's strategy over time - How the fund’s entry into Metaplanet Inc. and their subsequent seeding of nearly a dozen Bitcoin Treasury companies since - The rise of Nakamoto and its subsequent 99% slide in price from ATHs - How David sees the Treasury thesis playing out from here… and projected winners and losers when/if these companies rebound. This episode of Bitcoin Rails is powered by: - Best In Slot (Best in Slot | BRC2.0 🧑‍🍳) — the leading API for Ordinals and BRC20 data aggregation and indexing. - Spark (Lightspark) — a statechains implementation advancing Bitcoin-powered payments. - Citrea (Citrea | Mainnet Live 🍊🍋) — a leading Bitcoin rollup technology and BitVM alliance contributor. TIMESTAMPS 00:00 Intro 01:45 Hit Pieces and Psyop Jokes 05:53 David Bailey Origin Story 12:24 Buying Bitcoin Magazine 15:18 Early Spam “Wars” 19:55 BM Experimentation Phase 26:33 Defining What “Bitcoin Only” Means 32:39 What Being a Bitcoin Maxi Means 34:47 Bitcoin L2 Over Altchains 37:00 Why Securities Matter 41:23 Going Bitcoin Only 46:47 Bitcoin Conference Explosion 54:10 UTXO Bets And Treasury Wave 01:12:10 Seeding Treasury Startups 01:15:44 Taking Nakamoto Public 01:32:51 Treasury Thesis Future Products

Isabel Foxen Duke⚡️

35,495 views • 3 months ago

BITCOIN RAILS #34: Bitcoin’s Security & Quantum Risks—and the Future of Satoshi’s Coins | with Jameson Lopp Jameson Lopp “Most people don’t think about security until it’s too late,” says the Casa co-founder and CSO. One of the most prolific thought-leaders in Bitcoin security and privacy, there are few people who understand the nuances of Bitcoin security quite as deeply - not to mention the OPSEC practices required to protect against wrench attacks, for instance, which are rising globally as Bitcoin price increases. More recently, Lopp has turned his attention to mitigating Bitcoin’s quantum vulnerabilities, including market risks associated with quantum-vulnerable Satoshi’s Coins + longer-term strategies for quantum-hardening of Bitcoin addresses long term. In this special episode of Bitcoin Rails, we cover: - Lopp’s experiences designing self-custody products at both BitGo and Casa - The swatting attack he suffered in 2017, and the radical steps he’s taken to secure his home location since - The ‘quantum computing’ challenge for Bitcoin and its impacts on Satoshi’s Coins - How the network may respond to QCs in the face of ossification and why QC preparation may be the hardest governance test the network has ever faced This episode is powered by: - Best In Slot (Best in Slot | BRC2.0 🧑‍🍳), the leading API for Ordinals and BRC20 data aggregation and indexing - Spark (Lightspark), a statechains implementation leading the path towards institutional adoption of Bitcoin-powered payments - Citrea (Citrea), the leading Bitcoin Rollup technology and contributor to the BitVM alliance 📌 Timestamps 00:00 – Intro: Quantum Computing Meets Bitcoin 00:19 – Jameson Lopp on the Bitcoin Rails 00:53 – The Quantum Threat to Bitcoin Security 06:32 – Lopp’s Path into Bitcoin & Security 12:58 – The Swatting Attack During the Block Size Wars 25:28 – Could Quantum Crack Satoshi’s Coins? 43:55 – Announcements & Sponsors Messages 45:30 – Building Bitcoin’s Quantum Resistance 47:00 – QBTC and the Push for Quantum-Resistant Bitcoin 48:43 – Why Changing Bitcoin Is So Hard 51:19 – Email Protocols, Ossification, and Bitcoin’s Future 01:01:53 – A Roadmap for Quantum Resistance

Isabel Foxen Duke⚡️

14,538 views • 10 months ago

BITCOIN RAILS #37: The Birth of BRC2.0: Bitcoin’s Programmable Asset Layer | with Best in Slot | BRC2.0 🧑‍🍳 CEO Binari 🔗 YOUTUBE: 🌿 SPOTIFY: Programmable BRC20 tokens, dubbed “BRC2.0,” launched a few short weeks ago after more than a year of building and anticipation. This effort was spearheaded by BRC20 lead-maintainer team Best in Slot | BRC2.0 🧑‍🍳, who joined the BRC20 core team after their development of open source Ordinals indexer “OPI,” and solidifying their title as a leading Ordinals infrastructure provider. In this episode, I sat down with Best In Slot CEO Binari to hear the birth story of “BRC2.0,” and learn how the ground was laid for programmable native assets on Bitcoin within a few short months of BRC20's launch in 2023. Having worked closely with this team and on this protocol via Layer 1 Foundation for almost two years now, this interview is particularly close to my heart. A must-watch for any Ordinals-historians out there, I can’t wait to hear your thoughts on this little-known history of BRC20, and the future of “BRC2.0.” Shouts out in this episode to domo UniSat - wallet, explorer & extension for bitcoin. Sats Names and other key figures in the development of Ordinals-based metaprotocols. In this episode, we cover: - How the idea of programmable BRC20 assets (and programmable native assets in general) was born shortly after the launch of BRC20 in late 2023 - Why Domo connected with the BestInSlot team early on in BRC20’s history, and advocated for their inclusion as core maintainers of the protocol next to marketplace UniSat - wallet, explorer & extension for bitcoin. - The truth about the BRC20 “indexer wars” and why “he who holds the users, holds the power” - Why Best In Slot refused millions in venture funding despite being one of the most highly valued companies in the Ordinals space over the last three years - How BRC2.0 will differentiate itself by focusing on institutional-grade financial use-cases... and not the low hanging fruit of meme coins. This episode is powered by: - Best In Slot (Best in Slot | BRC2.0 🧑‍🍳), the leading API for Ordinals and BRC20 data aggregation and indexing - Spark (Lightspark), a statechains implementation leading the path towards institutional adoption of Bitcoin-powered payments - Citrea (Citrea | Mainnet Live 🍊🍋), the leading Bitcoin Rollup technology and contributor to the BitVM alliance 📍 Timestamps 00:00 Intro 00:52 Bitcoin as a time machine & new way of thinking about time 02:32 Launching BRC 2.0 & building a minimum viable ecosystem 05:00 TLDR: What is BRC 2.0? 05:31 Ordinals & the return to Bitcoin building 08:00 First exposure to Ethereum at Burning Man 10:16 Indexing, NFTs, and DeFi vision for scale 11:57 India trip, Ordinals hype, and rediscovering Bitcoin 15:33 Canonical indexers & why they matter for protocols 21:03 Early BRC 20 experiments & hype cycle 40:02 BRC 2.0 mainnet launch 54:07 Future of Best in Slot & Bitcoin applications #ordinals #BRC20

Isabel Foxen Duke⚡️

20,863 views • 9 months ago

BITCOIN RAILS #50: HISTORY OF SEGWIT & TAPROOT | with Pieter Wuille 🔗 YOUTUBE: A primary maintainer of Bitcoin Core from 2011-2022, Pieter Wuille is arguably the most influential developer in Bitcoin’s history since Satoshi himself. After receiving keys to the Bitcoin codebase from Gavin Andresen, who was tasked with maintaining the codebase by Satoshi Nakamoto, Pieter went on to implement some of Bitcoin’s most dramatic and influential upgrades, including but not limited to: - Implementation of Bitcoin’s Taproot and Segwit upgrades - Implementation of libsecp256k + Bitcoin’s unique encoding structure for the cryptography securing all Bitcoin public/private keys - The first import/export feature for Bitcoin private keys into Bitcoin (now Bitcoin Core) - Development of hierarchical deterministic (HD) wallets, enabling backups via a single seedphrase and paving the way for seedphrases themselves - DER signatures, Miniscript, and so much more A truly special episode of Bitcoin Rails, this is a rare long-form interview with one of the most important historical figures in the arc of Bitcoin’s development. Pieter and I walk through how Bitcoin consensus works in practice, the history of Bitcoin's most critical early developments, and the key role of his good friend, Greg Maxwell, nearly every step of the way. This episode of Bitcoin Rails is powered by: — Best In Slot (Best in Slot | BRC2.0 🧑‍🍳) - the leading API for Ordinals and BRC-20 data aggregation and indexing. — Spark (Lightspark) - a statechains implementation advancing Bitcoin-powered payments. — Citrea (Citrea | Mainnet Live 🍊🍋) - a leading Bitcoin rollup technology and BitVM alliance contributor. TIMESTAMPS: 00:00 Intro 00:42 Early Days in Bitcoin 01:25 First Contributions to Bitcoin Core 04:38 Challenges and Innovations in Bitcoin Development 06:54 The Hal Finney Challenge 12:16 Bitcoin Core Contributors Back Then 14:18 The Creation of HD Wallets and Seed Phrases 17:47 Greg Maxwell Role and Relationship 21:00 Implementing Libsecp256k1 28:39 Why Did Satoshi Choose ECDSA 33:34 Addressing OpenSSL Issues 40:41 Why Pieter Wrote BIP 66 47:54 BIP 103 Proposal and Initial Reactions 49:57 SegWit Development and Implementation 01:05:39 Taproot's History, Details, and Benefits 01:11:09 Why Taproot Has No Hashed Addresses 01:16:55 Pieter's Thoughts on BitVM and other non-softfork dependent scaling solutions cc Robin Linus 01:18:27 Non-Soft Fork Scaling Solutions 01:23:03 Future Consensus Changes and Challenges 01:25:28 Bitcoin's Miner Centralization and Security Concerns (e.g. MEV) cc Matt Corallo 🟠 01:34:48 Miniscript: Simplifying Bitcoin Script? cc Rob Hamilton

Isabel Foxen Duke⚡️

43,688 views • 4 months ago

BITCOIN RAILS #43: A HISTORY OF “SPAM” on BITCOIN | with Peter Todd 🔗 YOUTUBE: 🌿 SPOTIFY: “You cannot prevent arbitrary data from being published in Bitcoin transactions. Even at the consensus level…It’s mathematically impossible.” Legendary Bitcoin contributor since 2009 and self-described "weirdo with a fine arts degree," Peter Todd joins me to unpack the endless wars over Bitcoin's "true purpose," his pioneering work putting "spam" on the blockchain, and why he believes attempts to filter transactions are just “silly.” In this episode, we get deep into the history of using Bitcoin for data storage - which goes back, at least, to the development of Namecoin in 2011. Relatedly, we cover the history and long-fought governance battles around OP_RETURN, relay policy, and our community's evolving definitions of "arbitrary data. Suffice it to say, the Filter Wars of 2024/25 are not new... they are simply one battle in a decade+ war we unpack in detail in this context-rich episode of Bitcoin Rails. In more detail, this episode covers: - The development of Open Time Stamps + Bitcoin's use in validating election data and beyond. - OPRETURN battles of the early days... and how its use has evolved over the past decade. - Why Bitcoin Core "should not try to censor transactions" and the "performance art project" (Libre Relay) that shows why. - Bitcoin as a "replicated database" and why blockchains may legitimately be useful outside of sound money. - Why preventing arbitrary data on Bitcoin is "mathematically impossible" ...and trying to stop it is only distracting us from "more important" efforts, like the Great Consensus Cleanup Antoine Poinsot. This episode of Bitcoin Rails is powered by: - Best In Slot (Best in Slot | BRC2.0 🧑‍🍳) — the leading API for Ordinals and BRC-20 data aggregation and indexing. - Spark (Lightspark) — a statechains implementation advancing Bitcoin-powered payments. - Citrea (Citrea | Mainnet Live 🍊🍋) — the leading Bitcoin rollup technology and BitVM alliance contributor. Timestamps: 00:00 Intro 01:19 Bitcoin Early Days 03:44 OpenTimestamps Project 12:22 Governance and Bitcoin Protocol Debates 26:36 The Blockchain Use Case Argument 35:46 Transaction Version Numbers and Standardization 38:30 Preventing Exploits and DDoS Attacks 40:10 Relay Policies and Economic Decisions 42:00 The Taproot Annex and OP_RETURN 45:07 Libre Relay 01:01:18 Future of Bitcoin and Soft Fork Proposals

Isabel Foxen Duke⚡️

10,768 views • 7 months ago

BITCOIN RAILS #36: The Birth Story of ‘OPCAT’ | with proposal co-author Ethan ✨ is on BlueSky✨ Heilman 🐱 🔗 YOUTUBE: 🌿 SPOTIFY: As interest in Bitcoin Layer 2s skyrockets, the inclusion of OP_CAT — an opcode enabling concatenation of elements in the Bitcoin stack — has become a key technical upgrade to watch for its potential in the development of trustless bridges. OP_CAT co-author Ethan ✨ is on BlueSky✨ Heilman 🐱 and I sat down to discuss debate around this opcode — including why it’s controversial, the cultural environment shaping its future, and why some worry its broad expressivity could pose “unknown risks” to Bitcoin over time. More recently, Ethan co-authored BIP 360 with Hunter Beast 🕯️ — another controversial proposal aimed at addressing Bitcoin’s quantum vulnerabilities. Suffice it to say, there are few people with Ethan's experience in navigating Bitcoin politics and its shifting governance landscape as we move towards ossification over time. In this episode, we cover: - The origins of OP_CAT and why it was included and removed from early Bitcoin - What makes OP_CAT so powerful (and why that worries some developers) - Cultural shifts in Bitcoin governance as its developer community matures - The ‘great covenants debate’ + OPCAT vs. CTV - The path to BIP 360 and why Bitcoin should be ‘quantum ready’ This episode is powered by: - Best In Slot (Best in Slot | BRC2.0 🧑‍🍳), the leading API for Ordinals and BRC20 data aggregation and indexing - Spark (Lightspark), a statechains implementation leading the path towards institutional adoption of Bitcoin-powered payments - Citrea (Citrea), the leading Bitcoin Rollup technology and contributor to the BitVM alliance 📍 Timestamps 00:00 – Intro 00:45 – Bitcoin Privacy and the OP_CAT Proposal 03:18 – Technical Challenges of Adding New Opcodes 07:37 – Politics and Culture of Bitcoin Upgrades 28:46 – Quantum Computing Meets Bitcoin 37:48 – How Governments View Quantum Risk 39:06 – Breaking Down BIP 360 for Developers 42:03 – Post-Quantum Signature Schemes Explained 45:18 – Trade-offs in Quantum Security for Bitcoin 53:16 – Community Reactions to BIP 360 01:00:23 – The Future of Bitcoin in a Post Quantum World

Isabel Foxen Duke⚡️

13,231 views • 9 months ago

BITCOIN RAILS EPISODE #28: ORANGE PILLING CRYPTO WITH WIZARDS & CATS | with Udi Wertheimer One of the most influential voices in “Bitcoin Season II,” Udi Wertheimer is one of the most controversial and, perhaps, most misunderstood figures in the Bitcoin community broadly. A self-identified “survivor” of Bitcoin maximalism, Udi’s critiques of Bitcoin-only tribalism – and the suppression of nuanced discussion that arises as a result – made him the perfect spokesperson for post-Ordinals Bitcoiners looking for someone to represent their “Bitcoin-first” rather than “Bitcoin-only” views. Inspired by Ordinals, Udi and partner Eric Wall founded Taproot Wizards – one of the most unique and enigmatic companies in Bitcoin – with a broad mandate to “onboard crypto users to Bitcoin… by any means necessary.” From launching two of the most popular Ordinals collections in the world – to campaigning for progressive Bitcoin opcodes (i.e. CAT) – Udi and the Wizards relentlessly orange pill the most maxi-neglected low-hanging fruit… non-Bitcoin crypto users. As always, you can view this episode on YouTube or Spotify via the linktree in my bio. This episode is powered by Best In Slot (Best in Slot | BRC2.0 🧑‍🍳), the leading API for Ordinals and BRC20 data aggregation and indexing—as well as Citrea (Citrea), a leading 'Bitcoin Rollup' technology and core contributor to the BitVM alliance. Timestamps: 00:20 Udi: The Bitcoin Maxi “Cult Survivor” 03:10 Maxis cheering on Gary Gensler 06:30 Ordinals: Tokens arriving on Bitcoin 08:55 How NFTs helped encourage Bitcoin self-custody 11:40 Making Bitcoin cool again for crypto people 13:55 Why did Udi start the Taproot Wizards company? 16:00 The Wizards’ pitch to investors 18:50 “Successful fundraising” is an oxymoron 20:40 Why did Ryan Dell join the Wizards? 24:00 Taproot Wizards is not strictly an “L2” company 27:00 What went into the Taproot Wizards NFT launch 29:30 The NFT auction and inspiring Solana user participation 32:50 The importance of launching during the bear market 34:30 Every active crypto trader has Phantom wallet 37:10 Cultural differences between Bitcoin, crypto and different wallet users 40:45 Why Udi was impressed by 43:30 Udi is NOT a Runes fan 45:40 Don't be too defeatist about Runes’ failure 47:40 Championing OP_CAT and the Bitcoin Core power vacuum 49:40 Why Bitcoin Core has “failed” 51:35 Bitcoin Core’s weakness around OP-Return drama 55:00 How will Bitcoin devs get things done? 57:40 Udi’s OP_CAT political lobbying effort 01:00:20 Why Udi thinks CTV is unlikely to pass 01:03:40 Robin Linus wanted OP_CAT: What happened? 01:05:30 Were Taproot Wizards a blessing or a curse for OP_CAT?

Isabel Foxen Duke⚡️

16,524 views • 11 months ago

🚈 BITCOIN RAILS EPISODE 2: "OP_CAT IS GOOD FOR EVERYONE" with #ICP and Ordinals builder Bob Bodily, PhD 👋 | #BTC #ETH #ICP 🧙🏽‍♂️ One of the most beloved educators of the "Bitcoin Renaissance," Bob and I chat about the possibilities -and limitations - of proposed L2 tech, including: —why the Lightning Network is not enough + proposed solutions for programmable Bitcoin —liquidity fragmention on Bitcoin metaprotocols + the need for interoperability —Bob & Isabel's shared history with ckBTC... and the underrated influence of ICP in the Bitcoin L2 space —who will realistically benefit from ZKP/BitVM style solutions (and who will not) —why OP_CAT is "good for everyone," and probably Bob's favorite Bitcoin Improvement Proposal We hope you enjoy this special episode of Bitcoin Rails! YOUTUBE EPISODE IN BIO 🎉 0:00 Intro 1:26 How Bob Moved To Bitcoin L2s 3:30 Internet Computer Protocol (ICP): Interoperability with any chain 5:40 What’s your definition of an L2? 7:19 Lightning is the only “real” L2 right now 10:00 What makes DeFi on Bitcoin so hard? 11:34 Runes is a fantastic token standard 14:25 Why are there so many Bitcoin metaprotocols? 17:16: Which Bitcoin L2s will win? 20:00 Prongs of the ideal Bitcoin L2 22:00 Real Bitcoin rollups are a problem 23:00 OP_CAT is good for everyone 24:15 The limitations of BitVM 26:30 CAT and transaction introspection 28:00 Fractal and the CAT20 token standard 31:50 Even OP_CAT is not the silver bullet 35:05 Do we build L2s, or just upgrade L1? 36:41 How CAT helps lightning 38:40 A message for the maxi devs

Isabel Foxen Duke⚡️

20,513 views • 1 year ago

BITCOIN RAILS #49: The "Cultural Fork" of Bitcoin | with t.j. miller 🔗 YOUTUBE: 🌿 SPOTIFY: I was introduced to Silicon Valley's t.j. miller a little over a year ago while he was brainstorming how we could potentially inscribe a 4-megger comedy video through MARA Slipstream (shout out to OrdinalsBot ⚡ for the idea). A Bitcoiner since 2018, TJ saw the potential of Ordinals to orange-pill a whole new kind of Bitcoiner — the kind that may realistically be intimidated by (or straight up uninterested in) ivory-tower technical or economic topics. "I talk about cultural adoption and how do we bring Bitcoin into the cultural forefront." Letting me into "his world" for this interview, TJ and I recorded this chat straight from The Stand before his Bitcoin-focused set during Chainlink New York blockchain week [full set forthcoming in the comments]. Shout out to Kelley Weaver Melrose PR Validation Cloud and Bitwire ~ Your news, amplified. for organizing the event. It was a banger 🔥 In this episode, TJ and I jam about: - How TJ was orange-pilled by the Winklevoss twins Cameron Winklevoss Tyler Winklevoss (+ the Michigan twins of course!) - Why TJ's wife, Kate, is a hardcore Bitcoin maxi... despite TJ loving Ethereum and Department of Government Efficiency on the side - How comedy could orange pill the world - And as usual we end with... Brock Pierce. IYKYK. For good measure, we also clear the air on Peter Todd [probably not] being Satoshi. Unsurprisingly, we had an absolute blast and lots of laughs filming this episode. A nice little left turn from my usual technical schtick + some fun personal stories shared from both of our sides. Bitcoin Rails is powered by: — Best In Slot (Best in Slot | BRC2.0 🧑‍🍳) - the leading API for Ordinals and BRC-20 data aggregation and indexing. — Spark (Lightspark) - a statechains implementation advancing Bitcoin-powered payments. — Citrea (Citrea | Mainnet Live 🍊🍋) - a leading Bitcoin rollup technology and BitVM alliance contributor. TIMESTAMPS 📌 00:00 Intro 04:46 Trading and Crypto Misconceptions 08:47 Bitcoin and Early Adopters 17:13 Ethereum and Blockchain Exploration 38:55 NFTs and Artistic Ventures 40:46 The First NFT Comedy Special 41:31 The FTX Collapse and Its Impact 47:28 Ordinals and Bitcoin Utility 51:41 The Ordinals Cultural Fork 53:20 Cultural Adoption of Bitcoin 01:09:06 Bitcoin Comedy and Community

Isabel Foxen Duke⚡️

15,227 views • 5 months ago

BITCOIN RAILS #32: Bitcoin Art History (+ why "Pepes aren't NFTs") | with Rare Scrilla 🔗YOUTUBE: 🌿SPOTIFY: There are few people on the planet more deeply entrenched in ‘Bitcoin Art’ than RARE SCRILLA - and few people more influential in its culture and adoption. A key figure in "Rare Pepe" culture, Scrilla pioneered the "Fake Rares" movement, igniting a significant surge in demand for Counterparty assets in late 2021 - nearly eight years after he began recording Bitcoin-inspired hip-hop, influenced by the Silk Road, in 2014. Scrilla has written and recorded multiple Bitcoin-inspired albums, including Sound Money, which became the first original album inscribed on Bitcoin - as well as the first original song on Bitcoin, a sub-1K inscription. From Counterparty, to Pepes, to Ordinals and beyond - Scrilla and I explore the unique history of Bitcoin art culture over the past decade - and the wildly underrated influence of Bitcoin on the development of “NFTs.” This episode pays tribute to: rocktoshi Theo Goodman Ghostface Killah - as well as shout outs to collaborators BG and lyndoco As always, you can view this episode on YouTube or Spotify using the link in my bio. This episode is powered by Best In Slot (Best in Slot | BRC2.0 🧑‍🍳), the leading API for Ordinals and BRC20 data aggregation and indexing — as well as Citrea (Citrea | Mainnet Live 🍊🍋), a leading Bitcoin Rollup technology and contributor to the BitVM alliance. TIMESTAMPS: 00:00 – Intro 02:40 – How Silk Road Sparked Scrilla’s Journey 09:27 – Trading, Losing, and Going All In 14:35 – Birth of the Rare Pepe Phenomenon 22:00 – Pepe Went Global (and political) 27:10 – Inside the Rare Pepe Directory 30:26 – Ethereum’s Rise and the Art Split 36:00 – Ethereum Won: Art Communities Scattered 41:34 – The Birth of Fake Rares 53:57 – How DJ Pepe Got Into Ordinals 01:00:10 – First Music on Bitcoin 01:10:20 – The Current Ordinals Situation 01:17:29 – The “Ahá” Moment 01:22:40 –The Dark Side of The Music Industry 01:26:10 – Censorship Resistance & The Road Ahead

Isabel Foxen Duke⚡️

10,236 views • 10 months ago

BITCOIN RAILS EPISODE #16: How Alkanes Are Changing the 'Programmable Bitcoin' Meta—and paving the path for true interoperability with Oyl Dynamics Airhead - Building Alkanes founders Tagga & RWP IV The founders of Oyl have been obsessively focused on making the Bitcoin trading experience as seamless and flexible as on other chains. This effort has led to a series of experiments, including the creation of Alkanes—one of the first programmable metaprotocol implementations on Bitcoin—and perhaps the only implementation pushing towards interoperability as a goal. In this episode, the Oyl boys and I sat down to discuss: - The real and perceived technical limitations of Bitcoin (and where Bitcoin surprisingly outperforms). - The "Programmable Metaprotocol" Boom and how Proto-Runes & Alkanes change the narrative - Why "composability" and interoperability are the real end game for Bitcoin metaprotocols - Oyl’s collab with Arthur Hayes on Airheads and why Ordinals may outperform tokens for fundraising This episode is powered by Best In Slot—the leading API for Ordinals and BRC20 data aggregation and indexing. This episode can be viewed on YouTube: or Spotify here: TIMESTAMPS: 00:30 What is Oyl Dynamics? 02:30 Alec’s entry into Ordinals 05:33 The need for Bitcoin wallets and indexing 06:50 Indexing with Bitcoin vs Ethereum nodes 09:10 Selling indexing tools to Bitcoin builders 10:10:Metashrew: Spinning up any Bitcoin metaprotocol 12:00 Ethereum vs Bitcoin wallets 12:55 Unisat and OKX dominating the indexer 13:55 The hardest asset should be easy to trade 15:05 How BRC20s and Domo influence Oyl’s design 16:00 Aggregating marketplace data for Runes, Ordinals, BRC20s 18:00 Building a trustless AMM for Bitcoin 18:40 From BRC20s, to Runes, to Programmable Runes 22:20 What does “composable” mean? 25:30 Alkanes: creating interoperability between all of the Protorunes 29:55 The Oyl strategy: ultimate builder support 33:10 Solving cross-metaprotocol interoperability 35:00 The spectrum of programmability on Bitcoin 36:00 Casey’s genius with Runes 37:20 Where did the name “Alkanes” come from? 39:00 Only BTC needed at Alkanes 40:20 Using Ethereum as Bitcoin’s testnet 42:00 Are there unique advantages of building on Bitcoin? 43:00 What is special about Wasm? 44:25 Will Wasm overwhelm EVM’s network effects? 46:10 Is there any downside to building with Wasm? 49:00 Wasm wasn’t ready when Ethereum launched 50:25 Oyl’s Ordinal Collection: Airheads and Arthur Hayes 54:38 Marketing tied to an asset you can trade 55:30 Fundraising and Oyl’s $DIESEL EXP system 01:00:20 How do people mine $DIESEL?

Isabel Foxen Duke⚡️

34,529 views • 1 year ago