Bitcoin Ordinals, Inscriptions, and Prime Real Estate

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In this video, I discuss how Bitcoin block space is prime real estate, both for financial transactions, as well as for embedding things that you wish to distribute globally and free from censorship for all time.

Non-financial uses of Bitcoin blockspace like inscriptions will almost certainly get priced out by financial uses of Bitcoin blockspace over time, but it is important in the meantime not to throw the baby out with the bath water by advocating for rolling back updates like Segwit or Taproot.

I also discuss Erik Cason's ideas about creating a "Library of Satoshi" on the blockchain.

It might make sense to embed important documents on the Bitcoin blockchain before we enter an era of global surveillance and rewriting history.

Not investment advice! Consult a financial advisor.

Erik Cason's thread on using block space to store important documents:
https://twitter.com/Erikcason/status/1662515296161382400
https://twitter.com/Erikcason/status/1662515298870894592
https://twitter.com/Erikcason/status/1662515307913842688

Will Ordinals and NFTs Destroy Bitcoin?
https://www.youtube.com/watch?v=mJr8yUf3dYk&ab_channel=BitcoinUniversity

Bitcoin= Free Speech Repository?
https://www.youtube.com/watch?v=DOKwJ2T-Bf0&ab_channel=BitcoinUniversity

The world's smallest art gallery:
https://www.heragallery.org/twsag

MOMA:
https://en.wikipedia.org/wiki/Museum_of_Modern_Art

Andrew Poelstra:
https://www.crunchbase.com/person/andrew-poelstra

Poelstra on censoring inscriptions:
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2023-January/021372.html

Coinbase and Binance to add Lightning:
https://beincrypto.com/coinbase-will-integrate-bitcoin-lightning-network/
https://blockonomi.com/binance-to-integrate-bitcoin-lightning-network-to-tackle-congestion/

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#ordinals
#inscriptions

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