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
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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
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: bitcoinrails@gmail.com
› LinkedIn: https://www.linkedin.com/in/isabel-foxen-duke-87272423/
› X/Twitter: https://x.com/isabelfoxenduke
#Bitcoin #Ordinals #BRC20 #Runes #BitVM #zkp
