• BitTalk’s episode 7 discussed the potential risks and benefits of introducing new changes to Bitcoin, such as Ordinals and the Nostr Improvement Protocols (NIPs).
• The podcast also touched on the fear of change among Bitcoiners, and the controversy surrounding inflation fees for miners to secure the network.
• Nick argued that lightning channels could provide enough security to justify sufficient fees, while others discussed how NFT Ethereum folks could be drawn in by lightning.
Ordinals & NIPs
This week’s episode of BitTalk talks about the continued interest in Bitcoin Ordinals and the rise of Nostr development. Specifically, it explored potential risks and benefits associated with introducing new changes to Bitcoin’s protocol.
Fear Of Change
The podcast also addressed fear around introducing new changes to Bitcoin. It was noted that although history and complexity of consensus layers may be a factor behind this fear, making necessary updates could still pose risks.
The discussion then moved onto inflation fees for miners to secure the network. While some experts suggested that some sort of inflation fee is necessary, Nick argued that adding inflation at this stage is not a good idea. He suggested that lightning channels could provide enough security to justify mining fees.
Interest In NFTs & Ordinals
The hosts also discussed growing interest in ordinals and NFTs – with some even buying ordinals via lightning – as well as how Ethereum folks might be drawn into using lightning networks too.
BitTalk Podcast Now Weekly
Finally, it was mentioned that BitTalk will now be weekly – with Akiba joining every other episode – meaning listeners can stay up-to-date on all things crypto.