The Crypto Trojan Horse
summary
Claims that Ordinals and Runes pull users and fee revenue from other chains into Bitcoin, backed by Dune numbers: 650,000 unique users, $4 billion volume since Jan 2023 and a peak of 49% of the NFT market. Describes small on‑chain tools (inscriptions, tiny transactions, token‑style runes) that already raise fee spikes and attract liquidity, argues this could help solving the block subsidy problem by creating durable fee demand while cautioning upgrades risk centralization.
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chapters (9)
- 0:00The Crypto Trojan Horse
- 2:37Leeching Users Away from Crypto Platforms
- 5:11Bitcoin's future and the Carnival effect
- 7:29Bitcoin L2 Pitch Decks and Upgrading Bitcoin
- 10:06The Complexity of Upgrading Bitcoin
- 12:39Bitcoin and the Crypto Market Confusion
- 14:59The Link Between Fees and Ordinals
- 17:22Concerns about Base Layer Transactions Generating Revenue
- 19:56The Crypto Trojan Horse
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