Runes: Tokens on Bitcoin | Casey Rodamor
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 18 April 2024
⏱️ 87 minutes
🧾️ Download transcript
Summary
Today’s episode is about exploring the frontier of tokens on Bitcoin with guest Casey Rodarmor. Casey is the creator of the Ordinals Protocol, a harmless protocol that simply allowed for arbitrary data to be inscribed into individual Bitcoin UTXOs, creating what are called Bitcoin NFTs. He is now also the creators of Runes, a second protocol, working to bring fungible tokens to Bitcoin.
Bitcoin is changing and Casey appears to be one of main reasons for the change. Soon he’ll be unveiling a new protocol standard for Bitcoin - called Runes, which wants to be a bitcoin-native version of fungible tokens, on the Bitcoin L1 - which is going to be the topic of the show today.
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TIMESTAMPS
0:00 Intro
5:00 The Guy Who Changed Bitcoin
10:21 Why Casey’s Building
16:45 Ordinals Cultural Shift
22:43 Runes
31:40 The Ord Standard
45:27 Bitcoin Blocks & Blockspace Limit
57:47 Bitcoin Innovation Implications
1:02:41 Rune Parameters
1:11:20 The First Runes (Uncommon Goods)
1:14:34 Timeline on Runes & Trading Ecosystem
1:17:12 The Future of Runes/Ordinals
1:19:48 The Bitcoin Renaissance
1:21:34 Winning Over Bitcoin Maximalists
1:23:45 Casey’s Podcast
1:24:58 Runes Team
1:26:37 Closing & Disclaimers
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RESOURCES
Casey’s 1st Bankless Episode
https://youtu.be/ktL77zEWcEc
Casey’s Twitter
https://twitter.com/rodarmor
Casey’s Hellmoney Podcast
https://www.youtube.com/channel/UCflejnUswWof6yEMk9dRzOA
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https://www.bankless.com/disclosures
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Bankless, where we explore the frontier of internet money and internet finance. |
| 0:05.6 | And today on Bankless, we are exploring the frontier of tokens on Bitcoin. |
| 0:10.3 | Since the introduction of Ordinals to Bitcoin, over 65 million inscriptions have been made paying almost 7,000 |
| 0:16.6 | Bitcoin's, about half a billion dollars of fees to the Bitcoin network. |
| 0:21.1 | As a result of the explosion of ordinals on Bitcoin, the entire Bitcoin ecosystem has experienced a changing of the season. |
| 0:29.0 | Bitcoin builders, Bitcoin pragmatists, Bitcoin renaissance Renaissance have all rallied behind this shift in |
| 0:33.8 | Bitcoin culture, spawning a new era for the protocol, while laser-eyed |
| 0:37.8 | Bitcoin monetary Maxilists continue to claim that Bitcoin is only for |
| 0:41.6 | BTC transfers. |
| 0:43.0 | Fast forward to today, Casey Rotamore appears to drop yet another bomb into Bitcoin land, |
| 0:48.0 | this time with a new protocol standard for Bitcoin called Runes, |
| 0:52.0 | which wants to be a Bitcoin native version of fungible tokens on the |
| 0:56.4 | Bitcoin layer one, which is going to be the topic of the show today. |
| 1:00.3 | Our assistance to you through this episode is to ask a whole bunch of the dumb questions to actually make this thing make sense. |
| 1:05.5 | So that's what we did. We have Casey on the episode today before we get into the conversation, we want to thank the sponsors that made this episode possible, including our number one recommended |
| 1:15.2 | crypto exchange and maybe the place in the future you can buy your Bitcoin tokens. |
| 1:19.6 | That is cracking. |
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| 1:25.1 | award-winning support teams then head over to Krakan one of the longest |
| 1:28.6 | standing and most secure crypto platforms in the world Krakan is on a journey to |
| 1:32.1 | build a more accessible, |
... |
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