A Primer on the Debate Around Ordinal Inscriptions, aka Bitcoin NFTs

Are on-chain Bitcoin NFTs an interesting innovation or a censorable misallocation of resources?

February 1, 2023

Listen on:

Daniel Alegre

CEO

Yuga Labs

Hear from Yuga Labs new CEO in his first public appearance since assuming the position.

Secure Your Seat

Daniel Alegre

CEO

Yuga Labs

Hear from Yuga Labs new CEO in his first public appearance since assuming the position.

Secure Your Seat

Host

Nathaniel Whittemore

For the last week, the Bitcoin community has been locked in fierce debate around Ordinal Inscriptions, a type of Bitcoin-native NFT that allows people to associate data like JPEGs with individual sats. Some find it an interesting, novel experiment. Others – including at least one core dev – think they should be censored as an illegitimate usage of the Bitcoin blockchain. NLW breaks down the debate(s).

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Swoon” by Falls. Image credit: Takoyaki Tech/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.