We Study Billionaires - The Investor’s Podcast Network
Business:Investing
Pierre Rochard comes back to the show to do a deep dive into ordinals and the impact of people being able to put NFTs onto the base layer of the Bitcoin protocol. Many people in the space are currently debating whether this is a good thing or a bad thing, and there's no one better than Pierre to provide a good objective look at what it means and whether it potentially presents an attack vector to the protocol in the long term.
Pierre has an in-depth understanding of the code, how exchanges work, mining, and everything else in between.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:30 - What are ordinals?
11:37 - A background on the current mining company that nearly filled an entire block with a .jpg file.
29:07 - The idea of a soft fork limiting an op-push in the input / output portion of each block.
34:50 - A history on what updates occurred that allowed this to start happening on layer 1 Bitcoin.
50:20 - Is this a coordinated DoS attack on the network? Could it be?
50:20 - Are their concerns with illicit pictures being put onto the blockchain a potentially attack vector?
51:29 - Couldn't node operators simply run a pruned node to defend against such an attack?
55:05 - What does this look like in 3 to 5 years from now if nothing is done?
56:32 - Thoughts on Charlie Munger's Wall Street Journal article bashing Bitcoin.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
NEW TO THE SHOW?
SPONSORS
Support our free podcast by supporting our sponsors:
TIP540: Lessons in Life and Business from a Self-Made Billionaire w/ Andrew Wilkinson
BTC123: The Legacy Banking System in Shambles w/ Alf Peccatiello (Bitcoin Podcast)
TIP539: The Banking Crisis Explained w/ Shawn O'Malley
TIP538: Richer, Wiser, Happier, Q1 2023 w/ William Green & Stig Brodersen
TIP537: The Surprising Opportunities in Commercial Real Estate w/ Ian Formigle
BTC122: The US Treasury May Need Private Stable Coins w/ Matthew Pines (Bitcoin Podcast)
TIP536: Buffett and Munger’s Principles and Mental Models
RWH023: Defensive Investing In Dangerous Times W/ Guy Spier
TIP535: Insights from the World's Top Money Managers w/ Kristof Gleich
BTC121: Bank Failures & Bitcoin w/ Steven McClurg (Bitcoin Podcast)
TIP534: The Joys of Compounding by Gautam Baid
TIP533: How the Fed went Broke w/ Lyn Alden
TIP532: Insights From A Reclusive Investment Firm w/ Graeme Forster
BTC120: Preston's Top 5 Bitcoin Fundamental Moments, w/ Michael Saylor, Jeff Booth, Gigi, Alex Gladstein, Cory Klippsten, & Pablo Fernandez (Bitcoin Podcast)
TIP531: Mark Leonard: The Best Capital Allocator You've Never Heard of
TIP530: The Top 5 Billionaire Books w/ Richard Wilson
BTC119: Merging the Energy Sector with Bitcoin Mining w/ Harry Sudock (Bitcoin Podcast)
TIP529: Joel Tillinghast & Uncovering the Art of Outperformance
TIP528: Mastermind Q1 2023 w/ Tobias Carlisle and Hari Ramachandra
TIP527: The Epic Collapse of GE w/ William Cohan
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Forward Guidance
Macro Voices
Money Girl
So Money with Farnoosh Torabi
The YNAB Podcast