Bitcoin Ordinals Bring Fun Back to NFTs with Special Guest, Leonidas l Overpriced JPEGs #174

OPJ NFT Link: https://overpricedjpegs.cc/buy-opj-nft   OPENSEA | DROPS Check out the latest drops in OpenSea: https://overpricedjpegs.cc/OpenSea  GALXE | MINT LIST Check out all that Galxe has to offer at: https://overpricedjpegs.cc/galxe   WEB3SENSE | DEMO Find out more + get a demo today: https://overpricedjpegs.cc/web3sense  🔐 LEDGER | NANO Get on the Ledger Stax waitlist or order your Nano X: https://overpricedjpegs.cc/ledger  ✨ SUBSCRIBE TO THE OVERPRICED JPEGS CHANNEL ✨ https://bankless.cc/jpegs  ------ 🚀 SUBSCRIBE TO THE OPJ NEWSLETTER: https://jpegs.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: https://availableon.com/overpricedjpegs  ------- LEONIDAS' ORDINALS RECOMMENDATIONS:  Rare Sats: @null_ish is an artist who has sifted through $100M+ BTC hunting rare sats to inscribe his art on and is the top artist in the space. Recursion: @OnChainMonkey's upcoming Dimensions collection is the earliest project to use recursion 10K PFPs: @BitcoinFrogs is the highest market cap PFP collection File Size: @TaprootWizards was the first to do a 4 MB inscription and is coming out in the near future File Type: @0xfar has been creating some cool 3D files that are inscribed fully on-chain as well as really good generative art ------- Timestamps: 0:00 Intro / Announcements 9:31 Bitcoin Maxis' Feelings on Ordinals 13:05 Who Is Trading Ordinals? 14:11 Peter Schiff, the Bitcoiner??? 16:33 Numbering the Satoshis 19:13 Building Fungibility With BRC-20 23:29 BRC-20 Activity in Ordinals 24:42 Ordinals Fees 27:37 What Happens When All the Bitcoin Has Been Mined? 29:04 The Concerns About High Fees 30:00 High Art on Bitcoin 33:40 How Recursions Unlocks the Art on Bitcoin 37:33 A Guide to Participation 38:15 Navigating the UX 40:51 Distinguishing the Ordinal and ETH Communities 41:58 Is The Bear Happening With Ordinals? 46:08 Ordinals v. Inscriptions 47:19 How Much of These Projects Are Junk? 49:07 Allowlists in Ordinals 50:32 The Rise of Taproot Wizards 54:30 The Sat Rarity Index 55:44 Our Big Collective Delusion ------ Resources: Leonidas' Twitter: https://twitter.com/LeonidasNFT  Magic Eden Marketplace: https://magiceden.io/  Ordinals Browser: https://www.ord.io/   ------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets.  See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures