BTC130: Inscriptions & High Fees On Bitcoin L1 w/ Tuur Demeester (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 17 May 2023

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this first of a two-part series, Preston Pysh and Tuur Demeester cover all the talk about the inscriptions and the high fees that we’re currently seeing on layer one of the network. They also talk about scalability on layer two regulatory developments and plenty more.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

01:59 - What do inscriptions actually mean for L1 and L2 bitcoin networks?

08:19 - Why do so many people have the urge to update the code base?

11:17 - Why are inscriptions potentially good for L2?

14:25 - Apps that are seamlessly working between L1 and L2.

15:36 - What will future fees look like on both layers in 10 years or more?

28:34 - Some of Tuur's previous writing and what he's focusing on now.

BOOKS AND RESOURCES

Tuur Demeester's Bitcoin Reformation Article.
Tuur Demeester's Latest article: How To Position For the Bitcoin Boom.
Tuur Demeester's article from 2015: How to Position For the Rally in Bitcoin.
Tuur Demeester's articles from 2015.
Tuur Demeester's articles from 2014 - 2021.
Related episode: Listen to BTC033: Important Bitcoin Consideration with Tuur Demeester, or watch the video.
Related episode: Listen to WSB244: Bitcoin 101 w/ Expert Tuur Demeester, or watch the video.

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Transcript

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0:00.0	You're listening to TI-P.
0:03.0	Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals podcast.
0:07.0	On today's show I have backed by popular demand, Mr. Turd Demeaster.
0:11.0	This is the first of a two-part series with Turd because we started recording this chat
0:15.2	and we just kept on going.
0:17.0	There's a ton happening in this space and there's no one with more critical and deep thinking
0:21.5	than him to cover it all.
0:23.3	Specifically, in this week's show, we cover all the talk about the inscriptions and the
0:27.5	really high fees that we're currently seeing on layer one of the network.
0:31.0	We talk about scalability on layer two, regulatory developments and plenty more.
0:36.1	So without further delay, here's my first part chat with Mr. Turd Demeaster.
0:40.5	You're listening to Bitcoin Fundamentals by the Investors Podcast Network.
0:49.3	Now for your host, Preston Pish.
0:57.5	Hey everyone, welcome to the show.
1:03.9	I'm here with Turd Demeaster.
1:05.9	Turd, I want to start off by saying we've been having these conversations for quite a
1:10.0	few years now.
1:11.0	I was looking back and our first chat was in 2017 and I was like, oh my God, it's been
1:16.2	70 years already.
1:18.0	Welcome back to the show.
1:19.0	It is so awesome having you here.
1:20.6	You just come with a wealth of information.
	...

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