Conversations with amazing people from the Ordinals community.
Every Mon at 10:30am ET & Wed at 6:30pm ET.
Hosted by
@TO
,
@nonfungible_jan
&
@LeonidasNFT
Runestone is imminent!
7k people tuned into our show yesterday to hear about the recent updates on what you should know before launch!
If you missed it, here is the TL;DR 👇
(1/8)
Announcing the launch of The Ordinal Show where we will discuss all things ordinals!
Hosted by
@TO
,
@nonfungible_jan
&
@LeonidasNFT
Airing on Mondays at 10:30am ET and Wednesdays at 6:30pm ET
Join us for our first show tomorrow night!
We're live!
On tonight's show:
🔘 A conversation with the founders of
@MagicEden
🔘 Inscription fees going to zero w/
@jamilbtc
🔘 BTC
@DeGodsNFT
sells for $100k
🔘
@BitcoinApes_
2/3 minted out
🔘 Solutions for better indexing after reorgs
The Ordinal Show is back tomorrow at 10:30am ET!
We'll be covering:
🔘 Bitcoin Core dev interview w/
@peterktodd
🔘 BRC-20 w/
@domodata
🔘 Hal Finney sats found
🔘 Ordinal Conference
🔘 USDC vs Bitcoin
The Ordinal Show is live!
Tonight we are discussing:
🔘 Do Bitcoin miners like ordinals? w/
@hash_bender
🔘 Ordinal IRL events w/
@ElizabethOls0n
&
@nicksainato
🔘 Favorite
@TaprootWizards
shower vids
🔘 Are ordinal inscriptions bad for the environment?
We're back for episode two of The Ordinal Show tomorrow at 10:30am ET where we will discuss the latest Ordinals news.
Hosted by
@TO
,
@nonfungible_jan
&
@LeonidasNFT
Plus many special guests!
✅ Set your reminders
Danny noted that with the advent of Bitcoin Ordinals earlier this year, it became evident that using Bitcoin, particularly its protocol for digital artifacts, was a sensible choice for creating and advancing this type of art.
On the last show,
@huuep
broke down the difference between
#Bitcoin
Ordinals and Ethereum NFTs, and how it relates to marketplaces.
✅ Don't forget to tune in for today's show in 2 hours: 👈
The Ordinal Show is back tonight at 6:30pm ET!
We'll be covering:
🔘 TwelveFold auction
🔘 Collection standards
🔘 Rare sat hunting
🔘 <1k <10k <100k clubs
🔘 PortalPunks
🔘
@TO
chin
8/ There is lots of speculation and rumors about partnerships, events, etc tied to Runestones but no official details.
The goal is to keep it a simple community experiment.
"The cool thing about
#Bitcoin
is that anytime there's people against something or there's controversy for something, it actually makes Bitcoin stronger." -
@TO
See you on Monday for the next episode of
@TheOrdinalShow
! ✅
We're live!
Join us as we discuss:
◉
@BitGod21
interview
◉
@BTCFrontierFund
startup pitches
◉ Bitcoin Miami events
◉ First purchase with BTC was for a JPEG?
"If you can start on the [Bitcoin] L1 and then build up to the other layers, you're gonna be more successful." -
@TO
👉Next showing airing on Monday, make sure to hit the FOLLOW button not to miss any updates! ✅
We hosted
@huuep
(Danny) from
@OnChainMonkey
to talk about the migration.
Here's what to know:
🐵Migrating 10k OCM NFTs from Ethereum to Bitcoin while retaining provenance
If you missed the last Ordinals Show it was 5 hours of discussion around:
🔐Ryder
📐Bitcoin L2 Trilemma
🔚Recursion Sat Endpoint
🥷Ninjas Top 200 Snapshot Next Weekend
But don’t worry we will catch you up in this thread🧵
🐵Teleburn the Ethereum NFT, to send the new Bitcoin Ordinal
🐵Process results in 4 new Ordinals collections representing the migrated OCM NFT
🐵Includes a "certificate of ownership" Ordinals Inscription documenting the teleburn to showcase Ethereum -> Bitcoin provenance
Over 5 thousand people joined us Monday to hear about:
⦿ Taproot Wizards $7.5M funding
⦿ Replacing IPFS w/ Bitcoin Inscriptions
Special Guest:
@udiWertheimer
,
@ercwl
,
@mrkmcknz
Let's do a quick recap 🧵
Have you subscribed to our Substack yet?
Includes:
📩Links to the upcoming shows
📩Key highlights from previous episodes
📩Links to trimmed versions of the show on Spotify
.... and more!
Read and subscribe 👇
If you missed our show tonight here's a quick recap!
The discussion around
@nodemonkes
lead to talks about PFPs needing utility or a business model beyond just art.
⬜️What are NodeMonkes?
⬜️Building Sustainable NFT Business Models
⬜️Launching a Free Mint
Let's dig in 🧵
the higher V byte cost for buying this underpriced item, they also strategically excluded Magic Eden's fee"
Solutions brought up to solve this are to involve requiring marketplace signatures on mint transactions to prevent sniping.
"The culture of
#Bitcoin
is decided by the users and the people who run nodes, the people who pay fees." -
@TO
🎙️Upcoming show today 6:30PM ET
✅ RSVP HERE
👇👇👇👇
👆👆👆👆
2/ Runestones are being airdropped to reward the year one Ordinals community.
112,383 addresses that held 3 non-text inscriptions in their wallet on the one-year anniversary of Ordinals will receive a Runestone.
People started to front-run Magic Eden mints by sniping the mempool and taking allowlist mints.
@robertjfclarke
explained it like this, "An item was underpriced. Someone sniped it, and what was interesting is that while covering the network fees and [continue]
"A lot more smart and talented people will start paying more attention to
#Bitcoin
[thanks to Ordinals]." -
@bradmillscan
👉 For more conversation on Ordinals join
@TheOrdinalShow
tomorrow at 6:30pm ET: 👈
Set reminders! ✅
4/ After the Runestones are dropped, there will be a subsequent airdrop of a "Runes" token to Runestone holders.
The token has no utility or roadmap, it is just a community meme coin experiment.
7/ The Runestones inscription drop is planned for very soon, potentially tomorrow or in the next couple days.
The Runes token airdrop will come sometime after that, details to be determined by the community.
.
@TaprootWizards
$7.5M raise highlights Bitcoin's potential in Web3, emphasizing innovation with respect to its core principles.
Replacing IPFS with Bitcoin inscriptions for NFTs showcases blockchain's versatility and adaptability, opening new possibilities in technology.
Ryder (
@Ryder_ID
)
Is a Bitcoin hardware wallet by the Ryder team.
No seed phrases, just tap safe recovery.
Tap-to-pay, large screen, secure element chip for key storage.
Closed $1.2M seed funding, Ordinals support in the works, now for advanced users!
We had a shill your Runes section on the show last night.
Here's a few 👇
US•ECONOMY•REKT
CLOCK•WORK•ORANGE
MR•YEN•JAPANESE•BUSINESSMAN
TRUMP•HUSH•MONEY
CONCEPTUAL•ART
HOT•SANTA•CLAUSE
TEENAGE•MUTANT•NINJA•TURTLES
Catch the rest on our Newsletter!
While
@TO
notes a shift towards targeting revenue-generating 'whales'.
@bl0ckchainsavvy
believes in expanding brands beyond NFTs and leveraging collaborations.
While art-focused projects like CryptoPunks have thrived without utility.
How does this apply to free mints?
PRESALE SNAPSHOTS
Myself, Boozy, and 4 very picky and excellent OG NFT artists will be crafting all the custom Ninjas for winners
TOP 100 in a day
Saturday, October 28, 2023 9:00 PM ET
TOP 101 - 200 in 8 days
Saturday, November 4, 2023 9:00 PM ET
TOP 201 - 300 in 15 days
We had Nick & Isabel from
@trygamma
to discuss the Ordinals event they are organizing for Art Basel in Miami on December 7th!
It will be an art focused event with speaker & panels on Ordinals art history, contemporary Ordinals art, & investing in Ordinals.
Our show hit 7 hours last Wednesday discussing:
💸$ORDI Binance Launch
💻Mempool returns to 100 sats/vbytes
🟧Ordinals passing ETH NFT Volume
Here's a 1-minute recap 🧵👇
We are excited to bring the Ordinals ecosystem to a major event like Art Basel that will expose high-end collectors to Ordinals!
Let us know if you are going 👇
5/ The eligibility for the Runestones has been independently verified by multiple community members to ensure it is fair.
The airdrop has no team allocation and is entirely funded by community donations.
6/ The Runestones are meant as a collectible meme token and "POAP" for participating in year one of Ordinals.
After the Runes token is airdropped, they will just be badges with no further utility planned.
3/ They will all have the same artwork, there is no rarity or differences between them.
The art is around 400KB and uses delegation to display the full image while keeping the on-chain data small.
"Money is only as good as what you can do with it." -
@TO
More use cases emerging as we speak!
🎙️Join us tomorrow for the next episode of
@TheOrdinalShow
10:30am ET: ✅
Continued
This seeks to stand with Julian Assange who was imprisoned for publishing this type of information.
Each participant receives an Ordinal representing the log they helped inscribed.
The project demonstrates Bitcoin's censorship resistance for activism.
Creators hold back part of their NFT supply to show commitment and belief in their projects.
While this isn't a complete business model, as shown by CryptoPunks' evolution, it signals long-term investment.
We had the honor of hosting
@domodata
and he touched on this,
"For a while, I've been talking about the challenge with meta protocols in balancing governance and indexing. Recently, we've focused on indexing, as the robustness of the indexer is our top priority."
.
@LeonidasNFT
recommends reserving 5-10% of the supply, enabling artists to strategically distribute works to influential collectors, enhancing overall value.
@eliherf1
underscores this approach as giving creators 'skin in the game', though exceptions exist for unique pieces.
⬜️NodeMonkes
◾️10K free mint
◾️The founder is not doxxed but known 👀
◾️Running a Bitcoin Node is not required for WL while
@nonfungible_jan
suggest 10k more nodes would be cool
◾️We speculated how a free Ordinals mint without royalties could have a sustainable business model.
Recursion Sat Endpoint
Recursion Sat for Bitcoin Ordinals revolutionizes utility, enabling dynamic updates & interactivity in inscriptions!
Artists can maintain fresh profiles, blogs & art canvases evolve, and game assets change over time. 🎨
Yet, it sparks debate on immutability & trust, prompting discussions on transparent version histories. A game-changer for creative expression, but with a need for careful balance.
Project Spartacus
We had
@markgoodw_in
w/
@BitcoinMagazine
to discuss Project Spartacus.
Aiming to inscribe Afghanistan War Logs onto Bitcoin.
76,000 leaked internal U.S. military logs that raised serious ethical and moral questions about the conduct of military operations
Expressiveness - the ability to build advanced logic and applications, like having a virtual machine (VM).
Avoiding new tokens - not requiring a new token for incentives.
For further info check out our newsletter:
The Bitcoin L2 Trilemma
@muneeb
The L2 Trilemma refers to three desirable properties for Bitcoin layer 2 solutions:
Decentralization - having an open, decentralized network versus a federated model controlled by a small group.
Mempool returns
@billyrestey
notes the mempool has spiked back up to around 100 sats/vbyte, making it very expensive to mint ordinals right now.
He calculates it would cost $3.1 million to fully inscribe the remaining Project Spartacus documents at current fee rates.
Eric highlighted [paraphrased] that Bitcoin hasn't been fully stress-tested yet, & mass adoption requires more real-world transactional experiences.
while there's 'degeneracy' in other chains, some of it is useful for stress testing and development of wallets & L2 solutions.
We had
@udiWertheimer
point out that PFPs centered only on art aren't big revenue drivers.
Successful NFT projects, like Azuki and Doodles, are creating products and building utility, using PFPs as brand ambassadors.
$ORDI BRC-20 does $588M+ volume on Binance launch
@domodata
says ORDI did $600 million in volume on Binance in the first 24 hours after launching there. He notes this is huge since ORDI is only the 6th ever meme coin listed on Binance!
Finally,
@AlokVasudev
added that [paraphrased]
Bitcoin's wealth, dwarfing other blockchains, positions it uniquely.
Udi's analogy likens Bitcoin to gold and ordinals to jewelry, implying Bitcoin's fundamental value can significantly boost ordinals' prospects.
Mrk also shared that they've inscribed around 300,000 NFTs using Bitcoin inscriptions, showcasing a practical application of this concept.
This opens up possibilities of integrating Bitcoin inscriptions in new ways, potentially replacing traditional methods like IPFS.
BTC vs ETH NFTs
@LeonidasNFT
speaks on Bitcoin Ordinals volume passing ETH NFT volume for the first time, hitting over $1 million.
He calls it a "cool moment" and another step along the journey, not the end goal which is building a strong ordinal community on Bitcoin.
BRC-20 Indexing TL:DR
🔸Issue with indexers showing divergent balances for tokens
🔸Demonstrated need to standardize rules
🔸Development of open-source reference indexer for consistency
🔸Ideas like a "Bitcoin Oracle" using consensus of indexers to provide assurances