✦Crazy Wisdom

Crazy Wisdom

What does it mean to build NFT on the BTC blockchain? - Casey Rodarmor

December 19, 2022 · 55 min

MP3 · Apple Podcasts · Spotify

About this episode

Today we have Casey Rodarmor, a bitcoin developer who is working on building non-fungible tokens (NFTs) directly on the Bitcoin blockchain. NFTs are digital assets that are unique and cannot be exchanged for other assets. They have become popular on Ethereum, but have not yet been implemented on the Bitcoin blockchain. Casey is working on a protocol that will allow NFTs to be natively held in a Bitcoin wallet and transferred using Bitcoin transactions. He believes that NFTs have the potential to be a powerful tool for artists and creators to sell and authenticate their work.

Here are some other questions we cover
  1. Where does the name Rodarmor come from?
  2. What does it mean to build NFT on the BTC blockchain?
  3. Where was the first NFT built on?
    1. NameCoin
    2. Built for domain names
  4. What was the first popular NFT built on?
    1. Counterparty
    2. ETH was where they took off
  5. Why doesn’t Bitcoin have its own NFT yet?
  6. Why aren’t satoshis currently transferable individually?
  7. Why did you give a satoshi a unique identifier?
  8. Do you need a separate bitcoin public key to use these NFTs?
    1. Not the case that most BTC  wallets have a single public key
  9. Why do bitcoin maxis have such strong membranes for keeping stuff they don’t like out of bitcoin?
  10. So it matters that people have to adopt the protocol you are using?
  11. Do they still point to IPFS?
  12. What does it take to change the bitcoin protocol?
    1. These are very controversial
  13. Why doesn’t Bitcoin have a formal process for accepting changes?
  14. Why are democracies so easy to game?
    1. What is a system that isn’t easy to game?
  15. What is competitive governance?
  16. Why is Singapore a good example of competitive governance?
  17. Why is it so relevant to have the federal government take income taxes rather than state governments?
  18. What do you think of competitive governance within Western Hemisphere?
  19. Who is Patri Freidman?
  20. What is the history of the Friedman family (of the Milton clan)?
  21. Would a nuclear-powered thorium reactor help the seasteading movement?
  22. What is the limiting feature of seasteading?
  23. What are bitcoin transactions?
  24. What are unspent transaction outputs?
  25. Why is bitcoin not a triple-entry bookkeeping system?
  26. What is the difference between ledgers and bitcoin?
  27. What is the difference between a global and local accounting systems?
  28. Will individuals use BTC as money?
  29. Where does USDC issue stable coin?
Episode transcript
Stewart Alsop III00:00

Welcome to the Crazy Wisdom Podcast. This podcast is for you. If you have an insane drive to find the truth of things, it's not the good answers that we seek, but the good questions. I interview a range of different guests from many different fields, all with the intention to uncover the simple truths that are hidden in plain sight. Most people don't want to go there. I go there, my guests go there, and you benefit. Please let me know if you enjoy these episodes and as always, subscribe on itunes, Spotify, or wherever you listen to the podcasts.

Stewart Alsop III00:36

Welcome to the Crazy Wisdom Podcast. My guest today is Casey Rod Armor, and he is a bitcoin dev extraordinaire who is building NFTs directly on the BTC blockchain. So welcome to the show.

Casey Rod Armor00:48

Thanks, man. Glad to be here. It is Rotomor, not Rod Armor, mercifully, since Rod Armor kind of sounds like a condom brand, but I also just think it's kind of funny when people pronounce it the other way. So that's. Rod Armor is mine too.

Stewart Alsop III01:05

So it's Rotomor because it was funny. Where does your name come from?

Casey Rod Armor01:10

Yeah, we actually didn't know for a long time. And then a couple, like a year ago, I paid a genealogist, I think, like a hundred bucks or 200 bucks, and I was like, hey, like, we don't know where this name is from. Hunt it down. Because it's very unusual. The only people who have it, like, on Facebook or LinkedIn or whatever, are literally my direct family and the fake East Coast Rotomores. There's a. There's a. There's a story there. But. So the genealogist found out that it's, I believe, German or Swiss. German, and it means red sleeve from a medieval fashion trend where you would wear a few articles of, like, brightly colored clothing. So I always thought that maybe it was something cool that, like a knight, like red armor or something, but actually it's the kind of name that a

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