Casey's changing Bitcoin

PLUS: OG Whales transfers 2,000 BTC, Kraken support $DOG perps, and Doge takes the market by surprise.

Author

ZUSHAN HASHMI
November 15, 2024

Happy Friday Maestros and welcome to another week of the Bitcoin Renaissance!

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🚀 Featured Stories

Bitcoin Whale reappears with 2,000 BTC transfer: A mysterious BTC Whale appears after a 2000 BTC transfer in March, resulting in further speculation and interest amongst the community.

Rumours of nation-states buying big into Bitcoin spark surge: UAE, Saudi Arabia and Qatar are expected to buy into Bitcoin at a sovereign level, surpassing $93,000 for the asset.

Dogecoin sees rapid uptick with new government agency announcement: A massive price increase occurs following the “Department of Government Efficiency” announcement has renewed interest in the Dogecoin chain.

AI Firm, Genius Group, has committed to a 90% Bitcoin strategy of its current and future reserves being held in Bitcoin, leading to a bump in its share price.

Animoca Brands comes out on top as the most active Web 3 investor in October: The company completed nine strategic investments across various sectors, ahead of competitors CMS Holdings and Hack V

💡 Spotlight: Casey Rodarmor - Bitcoin's Protocol Innovator

If you’ve been involved in DeFi on Bitcoin, Casey Rodarmor is a household name. But who is the creative force behind the Ordinals and Runes protocols, which have transformed the Bitcoin ecosystem?

Lets dive into him, his work and how it has expanded Bitcoin's capabilities, making it a more versatile platform for all.

Key Contributions:

  1. Ordinals Protocol: A method for inscribing arbitrary data into Bitcoin UTXOs, creating Bitcoin-native NFTs and digital artifacts.

  2. Runes Protocol: A fungible token standard designed specifically for Bitcoin, enhancing token creation efficiency.

  3. Bitcoin-First Philosophy: Prioritizes Bitcoin's core principles, ensuring that his protocols maintain the network's security.

Personal Background:

Casey’s journey is unconventional; he dropped out of high school at 15 and discovered programming at 21. A self-taught developer, he enjoys ceramics, electronic music, and procedurally generated art. The artistry of being a developer, comes from growing up in a creative household, with his mother as an author and his father a tech magazine editor.

Impact:

Casey's work has led to over 65 million inscriptions via the Ordinals protocol, demonstrating significant user engagement. Nearly 7,000 Bitcoins have been paid in fees related to these protocols, increasing developer interest and opening new use cases for Bitcoin beyond its traditional role as a store of value.

Future Prospects:

Casey continues to refine his protocols, aiming to unlock further innovative use cases for Bitcoin. His work challenges conventional thinking about the network's potential. Most recently Casey has also gone as far as saying without enormous changes, he doesn’t “think that runes are the future of finance, or that normal people who aren't already degens should be buying runes.”

Which makes us wonder what he’s working on next.

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