Casey Rodarmor is a bitcoin developer and the creator of the ordinals, inscriptions, and runes protocols. In this interview, we discuss ordinal theory & inscriptions, the purpose of runes and why these projects have received so much backlash.
In this episode of Breaking Bitcoin, host Peter McCormack sits down with bitcoin developer Casey Rodarmor to discuss his work on the ordinals, inscriptions, and runes protocols. These projects have generated a lot of interest and controversy within the bitcoin community, and McCormack and Rodarmor delve into the details of how they work, what their purpose is, and why they've received so much backlash.
McCormack begins by asking Rodarmor to explain the concept of ordinal theory and how it relates to bitcoin. Rodarmor explains that an ordinal is a natural number that is assigned to a bitcoin transaction, and that this number can be used to identify the transaction in a unique way. Ordinals are created by including a small piece of data in a bitcoin transaction, and this data is then used to derive the ordinal number.
McCormack then asks Rodarmor to describe the purpose of the inscriptions protocol. Rodarmor explains that inscriptions are a way to store arbitrary data on the bitcoin blockchain. This data can be anything from an image to a video to a piece of text. Inscriptions are created by including a large piece of data in a bitcoin transaction, and this data is then stored on the blockchain in a compressed format.
Finally, McCormack asks Rodarmor to explain the purpose of the runes protocol. Rodarmor explains that runes are a way to create programmable rules for bitcoin transactions. These rules can be used to do anything from automatically forwarding transactions to a specific address to creating a decentralized exchange. Runes are created by including a small piece of code in a bitcoin transaction, and this code is then executed by the bitcoin network.
McCormack and Rodarmor conclude the interview by discussing the future of these projects and how they could impact bitcoin in the years to come.
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