Robert Baggs and John Nicholls have decided to combine forces to launch the weekly Mint One Podcast. Each week they will discuss a new topic around web3, as well as feature special guests from all corners of the industry. If there’s a topic you’d like us to cover, make sure you let us know through the Token Gamer Discord or Twitter, or Mint One Twitter.
In last week’s episode, we decided to break the trend of negativity and get back to our roots: waxing lyrical about the benefits of blockchain technology to all that we love. This week, at the request of ShizzyDefi on YouTube, we’re breaking down Ordinals.
Mint One Podcast, Episode 76: Make Bitcoin Great Again!
Ordinals, in many ways, is something of a sad story; a stroke of brilliance a little too late. Courtesy of Bitcoin’s Taproot upgrade, Casey Rodarmor figured out how to attach metadata to a satoshi, the smallest denomination of a Bitcoin. This led to a mad rush to mint (in Ordinals land, it’s called an inscription, so presumably “inscribe” rather than “mint”) already famous collections. This is the most boring part of this otherwise fascinating innovation.
Rodarmor wanted to use this idea to “make Bitcoin fun again” (hence the MAGA-inspired title of the episode!) and since January 2023 when the concept was first proposed, we’ve seen ordinals sell for as much as $1.2 million! This is why I believe that if Ordinals had been possible at the height of NFTs, we could be looking at a vastly different landscape for NFT art in particular.
To understand Ordinals, give this episode a listen and decide for yourself how important you believe it is to both Bitcoin and NFTs as a whole.
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