The BULLISH Case For Runes | With Leonidas

In this extra-rich TWO HOUR episode of Bitcoin Rails, Ordinal Show host and $DOG token co-founder @LeonidasNFT told me about his journey between Bitcoin and Ethereum maximalism, and what led him to launch the most successful Rune on Bitcoin. Unlike Beezy, Leo believes $DOG is a shining example of how Runes can make it, and says we ought to collectively migrate from BRC-20. We discussed: - Leo’s evolution between Bitcoin and Ethereum maximalism - His history as an NFT “archaeologist” - Leo’s distaste for BRC-20 culture and centralized capture - How he made $DOG into the most successful “fair launch” Rune on Bitcoin - Resisting the tyranny of centralized exchanges as Bitcoin scales TIMESTAMPS - 1:00 Intro to Leonidas 2:00 Making Bitcoin Fun Again 3:15 Leo’s journey between Bitcoin and Ethereum 5:30 Being an “NFT Researcher” 7:00 Ordinals creators finds “the oldest NFTs” 10:00 NFT “Archaeology” on Ethereum 12:50 Leo’s problems with art on Ethereum 18:50 Are “rare satoshis” market viable? 20:50 How Leo kickstarted Runestones 24:50 $DOG: The fair launch memecoin on Bitcoin 26:00 RSIC vs Runestones 28:00 Leo’s position on Runes post-halving 30:30 Are Bitcoin assets ready for their next bull market? 33:00 Runes are tracking the broader memecoin markets 36:40 Ordinals are NOT a Bitcoin leverage play 38:00 Bitcoin trading UX stinks on L1 39:30 Do “long lasting” memecoins on Bitcoin even matter? 41:50 Is Bitcoin money, or is it a memecoin? 46:00 Bitcoin becoming the world’s money 48:45 Costs and sniping with Runes and MEV 49:50 Trusted solutions for trading Runes and Ordinals 53:45 10-minute blocks are a BIG problem 56:30 Yes, NFTs need faster settlement too 57:40 Bitcoin tokens will have to migrate off of L1 59:20 Memecoin and NFT indexes on Fidelity? 01:00:30 Will CEXs simply outcompete the Bitcoin L2s? 01:03:00 We NEED DEXs to move forward 01:05:00 Runes are a modest improvement over BRC-20s 01:06:00 Leo doesn’t like UniSat’s BRC-20 standard 01:09:10 Is fragmentation an issue for Bitcoin tokens? 01:10:40 It’s time to migrate from BRC-20 to Runes 01:12:48 BRC-20 is owned by UniSat and Binance 01:17:10 We will figure out AMMs on Bitcoin L1 01:19:00 Getting $DOG listed on CEXs 01:21:00 $DOG isn’t bending the knee to big money 01:22:40 Binance is probably insider trading 01:25:30 Can we fight the insider rugpulls? 01:29:10 Do Bitcoin tokens need CEXs to ever take off? 01:33:50 CEXs won’t fix themselves 01:35:20 Leo talks cross-chain bridges for $DOG 01:38:00 Trust required with $DOG on Solana 01:42:40 Bitcoin L1 is always most secure 01:46:50 $DOG’s mission to invade Solana 01:51:25 Leo is diversifying away from JPegs 01:53:35 Leo’s message to the Bitcoin builders - https://x.com/LeonidasNFT LISTEN / SUBSCRIBE TO THE PODCAST: › YouTube: / @bitcoinrails › X/Twitter: https://x.com/isabelfoxenduke › Spotify: https://open.spotify.com/show/5uPrBxvD691TpTqjijudkO?si=571634b88d574911 CONNECT WITH ISABEL: › Email: [email protected] › LinkedIn: https://www.linkedin.com/in/isabel-foxen-duke-87272423/ › X/Twitter: https://x.com/isabelfoxenduke Bitcoin #Ordinals #BRC20 #Runes #BitVM #zkp