Exploring the Future of Bitcoin with Casey Rodé: A Deep Dive into Ruins and Ordinals

Bitcoin has lost a lot of mind share and market share to other ecosystems, according to a recent podcast featuring Casey Rodd, the creator of Runs and Ordinals. Rodd believes that people are drawn away from the Bitcoin ecosystem due to the inability to perform certain activities on Bitcoin. However, with the launch of Runs, there has been a surge in interest and adoption.

During the podcast, Rodd discussed the recent launch of Runs and the high fees associated with the transactions. Despite the high fees, there has been a significant amount of activity on the network. Rodd expressed optimism about the future of Runs and its potential to become the default fungible token protocol on Bitcoin.

One of the key points of discussion was the potential for stablecoins on Bitcoin through protocols like Runs. Rodd mentioned that stablecoins could provide users with access to payments and that stablecoins on Bitcoin could offer a more efficient and low-fee option compared to other ecosystems.

When asked about the future of Runs and the possibility of other projects launching tokens on the protocol, Rodd expressed that it is a free market and anyone can create tokens on Runs. He also mentioned that the quality of names for tokens on Runs has been improving, with some creative and humorous names emerging.

In terms of future projects, Rodd mentioned his interest in developing a file sharing protocol, unrelated to Bitcoin or cryptocurrency. He emphasized that file sharing does not benefit from a token or blockchain and that he aims to improve the user experience of existing file sharing technologies.

Overall, Rodd’s insights shed light on the current state of Bitcoin, the potential for Runs to become a prominent protocol, and the future of token projects on the network. His views on stablecoins, file sharing, and the development of Runs provide valuable insights into the evolving landscape of blockchain technology.