1 of 17

Following Bitcoin Cash on its rise to global reserve currency.

BITCOINCASHPODCAST.COM

1

2 of 17

Sunday, 14th May 2023

#80:

BCH Guru &

BRC-20 BTC

Civil War

feat. EmergentReasons, CheapLightning & Imaginary_Username

BITCOINCASHPODCAST.COM

2

3 of 17

BCH vs ICP

USD $114.08 (flat). 1 BTC = 234.77 BCH (up slightly).

1 ETH = 15.7 BCH (up slightly).

BITCOINCASHPODCAST.COM

3

4 of 17

BCH Guru

  • I rugged them on the last episode because we ran out of time lol.
  • New project planning to demonstrate the power of UTXO DeFi with CashTokens
  • 10 000 Guru NFTs (with cool art), that then allow access to a competitive on-chain price prediction game
  • Appealing to speculators & cross chain.
  • Anon devs, committed to “public PoW”
  • Scam? Next big thing? They have good banter for sure.

https://bch.guru/

BITCOINCASHPODCAST.COM

4

5 of 17

Ordinals & BRC-20

  • Initially covered in Feb on Episode 71, check that out to catch up on the full backstory
  • Late Jan, Taproot exploit allowed NFTs / data on BTC chain
  • Now: BSV devs created “BRC-20 tokens”, allowing an explosion of tokens on BTC
  • Rising “ORDI” & other tokens price incentivised constant mint transactions
  • On-chain fees & congestion skyrocketed, to $5 - $30 & > 200 blocks backlog
  • Chaos ensues

https://twitter.com/ercwl/status/1656079209578594306

BITCOINCASHPODCAST.COM

5

6 of 17

BTC fees

https://bitinfocharts.com/comparison/transactionfees-btc-bch.html#alltime

BITCOINCASHPODCAST.COM

6

7 of 17

Pro BRC-20: Taproot Wizards

  • Eric Wall, Udi Wertheimer, Nic Carter, Dan Held
  • PLUS BSV devs from Twetch, RelayX who’ve made Ordinals Wallet, UniSat
    • They are doing tremendous damage to the BTC narrative, calling out LN failure, promoting big blocks & Blockstream interference in BTC
  • Huge “status quo” advantage, since they don’t need a change to nodes
  • There’s an element of perhaps realising they made a mistake…

https://twitter.com/ercwl/status/1656079209578594306

BITCOINCASHPODCAST.COM

7

8 of 17

Community comment of the week

CL summarizes

https://t.me/thebitcoincashpodcast_discussion/52186

BITCOINCASHPODCAST.COM

8

9 of 17

Against BRC-20: Laser Eyes

  • “Shitcoining” has infected BTC
  • Believe the chain needs an “upgrade” to block or disallow these tokens
  • There’s been mutterings about forking off the Taproot exploit but no serious push as yet. Is it too late?
    • Luke JR is talking about a patch to Core that disallows relays of Taproots
  • Instead, clout is flowing to the Wizards & BSV devs at a rapid rate
    • There is a hardcore laser eye base, but Eric is clowning on “played out podcasters”

https://twitter.com/hodlonaut/status/1655528872153174018

BITCOINCASHPODCAST.COM

9

10 of 17

https://www.instagram.com/p/Cr80NtGxVEB/

Meme of the week

It’s all our fault

BITCOINCASHPODCAST.COM

10

11 of 17

Neutral Ordinals: Bitcoin doesn’t care

  • A large segment of Bitcoiners don’t support Ordinals or even actively dislike it, but don’t believe it can or should be removed
    • Valid transactions are valid
    • Fees are the spam defence, “shitcoiners” will run out of money
    • Protocol shouldn’t be changed
    • Bitcoin is for eneimes
  • Recognise that mining subsidy is an issue
    • Believe high fees will spur LN / innovation

https://www.reddit.com/r/Bitcoin/comments/13e3uj0/im_gonna_stick_with_lukedashjr_if_we_rollout_a/jjpar96/

BITCOINCASHPODCAST.COM

11

12 of 17

Crypto has got the message

  • Everywhere outside the BTC echo chamber, everyone understands it’s doomed
  • Although none of the BTC groups really realise it, their goose is already cooked. People are just moving on to alternatives at an increasing rate.
  • BCH & BSV pumping against the market / BTC ratio in response

https://twitter.com/nuggeteater310/status/1655979773087330304

BITCOINCASHPODCAST.COM

12

13 of 17

BTC2023 predictions?

  • In 2021, bull run euphoria, El Salvador adoption (Episode 21)
  • In 2022, not much hype, LN & Stablecoins narratives, Honduras adoption (?), Nayib didn’t show (Episode 45)
  • Can 2023 bring some announcements or consensus to put BTC back on track?
    • There’s no price pump
    • Will it be a nothingburger?

https://b.tc/conference

BITCOINCASHPODCAST.COM

13

14 of 17

MESSAGE TO

THE COMMUNITY

Open platform to speak to the Bitcoin Cash community, with any thoughts, advice, feedback, criticism, encouragement, story or point of view you feel should be more prominent or appreciated.

BITCOINCASHPODCAST.COM

14

15 of 17

Donators!

Patrons

  • Ricky
  • HP

Sponsors!

  • General Protocols
    • Check out bchbull.com

Flipstarter (Eps 76 - 85)

  • Majamalu (Marcelo)
  • Renegade
  • Cheapy (Cheap Lightning)
  • Emergent Reasons
  • Unspent.app
  • Molecular
  • BitcoinCashAutist
  • MiniSatoshi
  • Kallisti.cash

Supporter Appreciation

​

BITCOINCASHPODCAST.COM

15

16 of 17

That's called obsession

It's something that you live

The only single thing that matters

After your wife and your kids

​

Cos if you can't learn to float

Then you sink or you swim

Start guide, FAQs, links at www.bitcoincashpodcast.com

Shoutouts for the show

bitcoincash:qpprmddad7dx370flm4d43q54mzhrd8dcqf9l34gd8

Thanks for watching!

​

BITCOINCASHPODCAST.COM

16

17 of 17

BITCOINCASHPODCAST.COM

17