Season 3

Episode 31

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Bitcoin Summer

Tue Jun 06 2023





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Show Notes

Bitcoin Summer

Trevor is a successful entrepreneur who has educated, taught, and coached several major companies in the traditional industry. Although he had contact with Bitcoin before, it was only after reaching out to Stacks and starting to build and invest in their ecosystem that he went full-on crypto, becoming one of the key public figures to speak daily about the Ordinals protocol and its importance to Bitcoin.

00:00 to 14:00 - Who's Trevor

14:00 to 19:55 - Ordinal's Front Seat

19:55 to 22:35 - Plural Stands

22:35 to 26:34 - Entering Ordinals Ecosystem

26:34 to 31:35 - Ninja Alerts

31:35 to 32:25 - Mobile

32:25 to 35:12 - Bitcoin Miami

42:03 to 52:23 - Where Are We Heading?

52:23 to 57:21 - Rounding Off


Ordinals: Information inscribed on satoshi - similar to the ERC-721 standard on Bitcoin.

L1: Layer 1, refers to the base layer of a blockchain, which handles the core functionalities and security of the network.

Unicorns: In the context of business startups, unicorns refer to privately-held companies valued at over $1 billion.

Minting: The process of creating or generating new tokens or digital assets on a blockchain network.

Metamask: Metamask is a browser extension wallet that allows users to interact with decentralized applications (DApps) on the Ethereum blockchain.

SeedPhrase: A seed phrase, also known as a mnemonic phrase or recovery phrase, is a series of words that serve as a backup for cryptocurrency wallets. It is used to restore access to a wallet in case of loss or device failure.

Staking: Staking involves holding and locking up a certain amount of cryptocurrency in a wallet to support the operations of a blockchain network and earn rewards.

PoW (Proof of Work): PoW is a consensus algorithm used in blockchain networks, such as Bitcoin, where miners compete to solve complex mathematical problems to validate and add new blocks to the blockchain.

Rug: In the cryptocurrency space, a "rug" refers to a deceptive practice where the creators of a token or project exit with investors' funds, leaving them with worthless or empty tokens.

Miners: Miners are participants in a blockchain network who use computing power to solve complex mathematical problems, validate transactions, and add them to the blockchain. In return, they are rewarded with cryptocurrency tokens.

BRC-20: BRC-20 is a token standard similar to the widely used ERC-20 on Bitcoin.

Smart-Contracts: A smart contract is a self-executing contract with the terms of the agreement directly written into lines of code. It automatically enforces the terms and conditions of the contract, eliminating the need for intermediaries and enhancing security and efficiency in transactions on blockchain networks.

Solidity: a programming language used to write smart contracts on the Ethereum network.

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