Bitcoin NFTs Are Filling Blocks | The Mining Pod
Channel: Compass Mining
Date: 2023-02-02

Hot Bitcoin NFT (Ordinals) talk on today's show. What are they? How are they possible? Is Bitcoin doomed? Find out.

Matt Kimmell: https://twitter.com/MatthewKimmell
Will Foxley: https://twitter.com/wsfoxley

TIMESTAMPS:
00:00 Start
00:12 Intro
01:21 Intro
01:40 NFTs on BTC?
03:06 What is an ordinal?
05:11 Tracking & fungibility of BTC
07:07 Storing data on chain
08:19 OP_RETURN
11:52 Taproot transaction types
15:59 Why is on chain data bad?
18:30 Pruning the data on nodes
20:14 Community response
22:16 What is Bitcoin for?
28:12 Other use cases for on chain data storage?

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