Bitcoin / 10 posts found
RFK Jr. Wants to (Cautiously) Save the U.S. Dollar By Using Bitcoin
In a recent policy announcement, Robert F. Kennedy Jr. (RFK Jr.), a U.S. presidential candidate, outlined a bold vision for the role of Bitcoin and other tangible assets in strengthening the U.S. dollar. The proposal, which includes exempting Bitcoin profits from capital gains tax, has garnered significant attention from the crypto community and financial analysts. Addressing attendees at the Heal-the-Divide PAC event on Tuesday, Kennedy detailed his administration’s plan to back the U.S. dollar with tangible assets, including gold, silver, platinum, and, notably, Bitcoin. This initiative aims to fortify the U.S. dollar’s position as a dominant world reserve currency. Kennedy, […]
How to Explain Bitcoin Ordinals to Your Grandmother
What are Bitcoin Ordinals? If you’ve asked yourself this question in the past six months, you’re not alone. The rapid rise of the Bitcoin Ordinals ecosystem has enthralled developers, divided the Bitcoin community, and reintroduced the original blockchain to a new generation of users. In May, Bitcoin became the second-largest blockchain for NFTs with sales volume passing the likes of Solana and Polygon. Even Ethereum co-founder Vitalik Buterin has hailed Ordinals as an “organic return of builder culture” to Bitcoin. Ninjalerts CEO Trevor Owens has been a fixture on the movement’s frontlines, investing in Bitcoin projects as a GP for […]
10 Ordinal Metas Everyone Should Know
Ever since Ordinals burst onto the scene in January 2023, collectors have been chasing the latest trends and innovations happening on Bitcoin. Many Ethereum and Solana NFT collectors have shown interest in Ordinals but are often left confused by foreign concepts such as teleburning, cursed inscriptions, and rare sats. This article breaks down the most important trends in the Ordinals ecosystem so newcomers can better understand the Ordinals market. 10. Teleburning Teleburning is the act of teleporting an NFT to Bitcoin from another chain by burning it on the origin chain and then inscribing it onto Bitcoin. Only the on-chain […]
Vitalik Buterin Applauds Bitcoin Ordinals, Foresees Shift From “Laser-Eye Movement”
In a nearly two-hour-long Twitter Space on July 7, Ethereum co-founder Vitalik Buterin lauded the advent of Bitcoin Ordinals, heralding it as an “organic return of builder culture” to Bitcoin. This conversation, which also included Bitcoin advocates and Taproot Wizards stakeholders Eric Wall and Udi Wertheimer, revolved around the recent stirrings in the Bitcoin ecosystem caused by Ordinals. A revitalized builder culture Buterin said he believes Bitcoin Ordinals are a decisive push against “stagnant” politics within the Bitcoin network, suggesting an emerging proactive and constructive culture. Despite early cultural disruptions, he considers these changes to be ultimately necessary for progress […]
A New Frontier for Bitcoin? Recursive Inscriptions Explained
The Bitcoin community is abuzz with the emergence of something called Recursive Inscriptions. A novel new development building upon the continued hype of the Ordinals Protocol, Recursive Inscriptions seem poised to both disrupt the growing Bitcoin NFT ecosystem and redefine the parameters of blockchain-based file storage as we know it. But how? And why should the NFT space care? Let’s explore. What are Recursive Inscriptions? Recursive Inscriptions can seem a bit complex. But unsurprisingly, they have everything to do with the Ordinals Protocol. Aa s refresher, the Ordinals protocol was first introduced to the world on January 21, 2023, by […]
BRC-721: The Token Standard Defying Bitcoin’s 4MB Storage Limit
On February 1, developer, crypto advocate, and Taproot Wizards founder Udi Wertheimer made history by purposefully orchestrating the largest block and transaction in Bitcoin’s history. In minting the first of many wizards to come, he achieved the absolute maximum BTC block size of 4MB, something that many, up until this point, thought was impossible. Just a few months later, on May 22, members of the Spirit DAO — a coalition of collectors devoted to elevating the Azuki universe — effectively blew Wertheimer’s record out of the water. By minting a 6.9MB Comic Banner on Bitcoin, the DAO stole the crown, solidifying […]
Beyond Ordinals: Discover the Rich Tapestry of the Bitcoin Ecosystem
Since the launch of the Ordinals protocol by software engineer Casey Rodarmar on January 21, 2023, almost 2,000,000 “digital artifacts” have been created — ranging from memes to massive NFT projects like Taproot Wizards. But despite the explosive rise and frenzied media coverage of these seemingly new “Bitcoin NFTs,” developers have been focused on improving the protocol’s functionality since at least as early as 2012. In short, there have always been ways to mint and launch assets on Bitcoin’s underlying blockchain. These tools began with things like Bitcoin Colored Coins and, later, platforms like Counterparty in 2014, which helped lay the […]
BREAKING: Yuga Labs Is Dropping a Bitcoin Ordinals NFT Collection
The Alpha: Yuga Labs has announced a new generative art project that will release later this week (February 26 – March 4). The 300-piece NFT collection, entitled “TwelveFold,” will be minted on the Bitcoin blockchain as Ordinals Inscriptions. Details surrounding the collection, which will be released in an auction format, will be announced 24 hours before the drop via Yuga Labs’ social media. Dive deeper: The allure of Ordinals Inscriptions, the latest craze to take the NFT space by storm, has become undeniable. As both new and established creators venture into the budding market sector (sidestepping concerns from crypto maximalists […]
Taproot Wizards: A Guide to the Fastest-Growing Bitcoin Ordinals Project
At the start of 2023, with Ordinals Inscriptions growing in popularity daily, it seemed every collector worth their salt was out to cash in on the Bitcoin NFT craze. While most turned their attention to CryptoPunks, OnChainMonkey, and other Ethereum-native projects bridging over to the world’s oldest blockchain, one Bitcoin-centric endeavor emerged to establish a new narrative around digital artifacts. Helmed by an independent developer and longtime Bitcoin advocate, Taproot Wizards (TW) entered not only as the new kid on the Ordinals block but with a mission to become much more than just another generative avatar project. Carrying the tagline […]
Ordinals: Bitcoin Congestion Is Actually a Blessing in Disguise
Bitcoin Ordinals are here and seemingly here to stay. But not everyone is happy about their presence. Because Ordinals increase traffic on the blockchain, seasoned HODLers and those accustomed to using Bitcoin solely for its primary purpose (transacting) have raised concerns about the congestion these digital artifacts might be causing. With this in mind, it’s no surprise that when independent developer and Taproot Wizards founder Udi Wertheimer purposefully orchestrated the largest block and largest transaction in Bitcoin’s history, the keepers of tradition weren’t thrilled. But to industry disruptors like him, maxing out BTC’s block size and its corresponding effects aren’t a […]