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