WBD Live - NYC: Junseth on Ordinals with Junseth
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SHOW DESCRIPTION
Junseth is an OG Bitcoiner and the former co-host of Bitcoin Uncensored. In this live interview, recorded at Pubkey in New York, we discuss the latest Bitcoin phenomenon - ordinals. We also talk about the philosophy of Bitcoin: what it’s for, what it can be, and how it’s still the only blockchain that adds value to society.
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This was the second ever live What Bitcoin Did show, hosted at the excellent Pubkey in New York City. And, for a live show, we needed a combination of an OG Bitcoiner, with strong opinions, who could sing…luckily Junseth was available!
Junseth is obviously a Bitcoiner who’s happy to tackle hot topics. So we began by discussing the good and the bad of ordinals: it has certainly strengthened Bitcoin in terms of node usage and transaction fees, but are inscriptions the best use of the blockchain? And, as Junseth espouses, should we get too concerned about tests of Bitcoin’s anti-fragility?
Further, we talked about what, for an OG, Bitcoin represents both today and in the future. Can Bitcoin fix everything? If not, what is Bitcoin’s lane or lanes? How early are we? Why people need to shitcoin before finding Bitcoin is the only blockchain. How it strengthens American democracy. And what it will take for Bitcoin to change the world.
Finally, Junseth took some excellent questions from the crowd. He covered economic degeneracy, Bitcoin’s limitations, how Bitcoin supports democracy and American values, and whether we should be hodling or spending Bitcoin. He would have given us golden material on every subject under the sun if we’d had the time!
We were very grateful to have a sell-out and supportive crowd, and thanks again to our amazing hosts Pubkey! It’s been a long time since we did a live event, but there will definitely be more to come this year. In fact, we have 2 shows scheduled: in Bedford on April 14th and in Miami on May 17th.
TIMESTAMPS
00:02:55: Introductions
00:06:59: Ordinals, and Bitcoin subculture
00:26:36: What is Bitcoin?
00:32:39: What has Bitcoin done?
00:40:06: What is next for Bitcoin, and the LUNA Ponzi
00:45:59: Crypto scams, and DC staffers
00:48:13: Q&A - leverage, and gambling degeneracy
01:03:19: Q&A - Bitcoin's flaws, and American democracy
01:14:40: Q&A - hodling vs spending Bitcoin
01:22:04: Q&A - revolutionary cycles
01:27:24: Final comments
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SHOW NOTES
Connect with Junseth:
Mentioned in the interview:
Looking back at the Beanie Baby bubble - Financial Times, Oct 2019
What Is Counterparty? Historical NFTs Built on Bitcoin - Decrypt, Dec 30th 2022
Eligius miners aware of prayers in block headers? - Bitcoin Forum, Aug 2011
With Drivechain, Bitcoin Will Make Altcoins Obsolete - Bitcoin Magazine, Aug 2022
Did Taproot ruin Bitcoin with NFT inscriptions of monkey jpegs? - Protos, Jan 31st 2023
Casey Rodarmor: The Quest to Make Bitcoin Fun Again - CoinDesk, Feb 23rd 2023
Masterworks: How It Works and What To Know Before Investing - CNBC, Dec 2021
Vitalik Buterin Challenges the Idea of ‘Bitcoin Dominance Maximalism’ - Cointelegraph, Dec 2014
'Lunatic' Mike Novogratz: Crypto Industry 'Looks Like a Bunch of Idiots' - Decrypt, Jul 2022
Ukrainian refugee flees to Poland with $2,000 in bitcoin on a USB drive - CNBC, Mar 2022
Other Relevant WBD Podcasts:
WBD624: Do Ordinals Make Bitcoin Better or Worse Money? With Rob Hamilton
WBD618: The Future of Bitcoin Mining & Security with Sam Wouters
WBD616: The Evolution of Bitcoin Narratives with Harry Sudock
WBD609: Bitcoin Security + the Future of AI with Jameson Lopp
WBD551: Fedimint & the Future of Bitcoin Custody with Obi Nwosu
WBD541: Who Needs Bitcoin? With Junseth
WBD518: Bitcoin Privacy with Matt Odell
WBD407: WBD: Live in Nashville with Preston Pysh & Marty Bent
WBD046: Francis Pouliot on the Network Effect of Money and Why Tokens Are Scams
WBD001: How to Trade Bitcoin and Crypto
Defiance022: From Alcoholic To Ultra-Athlete with Rich Roll