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March 16, 2023

E110: This Week in Bitcoin for March 15th, 2023 (Bitcoin, Lightning, Stacks, Ordinals)

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TWIB 3/15/23

[00:00:00] What is up you beautiful people? Welcome back to the Built on Bitcoin podcast, where we cover all the innovation happening across the Bitcoin ecosystem. So what does that mean? It means that if you wanna hear directly from the Bitcoin builders building across Bitcoin main chain, which includes Ordinals, lightning stacks, RSK, Liquid and anywhere else where people are trying to deploy and extend use cases for Bitcoin, this is probably the highest signal podcast you're gonna find.

So that's my little brag. I'm your humble host, Jake blockchain, and, today is of this week in Bitcoin episode. So covering everything I saw in the past week or so across Stacks Lightning Bitcoin Ordinals didn't see much this week on R S K and liquid. So, without further ado, let's just jump right in.

Your time is precious. So first up covering Bitcoin main chain. [00:01:00] Uh, some things I saw. So I was listening to a Twitter space on Ordinals and one of the Ordinals team came up and was talking about how they're pretty close to launching a new piece to the ordinance protocol. And basically it'll allow you to launch proper collections with Ordinals.

So you have like a parent sat, I believe, and then underage. You can have children that are attached to the parent. Don't know the specifics. This is still a work in progress, but it should be coming, I think in the next week or so is what I heard. Which could be huge cuz right now trying to track down and make sure you've got a verified description as part of a actual collection and not a fake kind of hard right now.

So this will be a big unlock for, uh, definitely for the art piece, but also some other stuff down the road. Next up I saw something called Ronan. Ronan Dojo is the company, and they launched a privacy focused [00:02:00] phone. So you've seen this kind of on Solana, they're building their own phone. Well, this company took a Google Pixel, A Pixel six, and they put their own open source software on it, and it's all privacy focused software.

So none Google tracking you. So they're tagging this. You know, it's a privacy focused phone, but if you want to use your Bitcoin while you're out and about paying for lightning things or whatever, and you're really adamant about that, safety and security, this Rodin phone might be the way to go, and it just got announced.

So pretty cool to see. And then Umbr announced support for the ordinary explorer. So if you don't know Umbr, it's kind of like an app store, but it allows you to run your own node hardware and then you can download apps to the hardware. So a Bitcoin node, a lightning node, or nodes explorer, bunch of stuff.

A personal cloud. You don't have to pay for Google, Google Drive, or Dropbox. So basically you plug this into your house, it connects your [00:03:00] internet, and then you can run this server. It could also be accessed, uh, when you're out and about if you set it up correctly. So now you can use the kind of og explorer, the ordinance.com on your local node and see if things come in, inscriptions come in as they, uh, as they do.

All right, next up we got stacks. So Stacks has been crushing it lately because a lot of the teams on stacks have pivoted to building Bitcoin native tooling specifically for ordinances. It's been the biggest pocket, so, Some of the things I saw, the Hero wallet gets support for PSB Ts, so if we don't know what that is, that's not the acronym for PAP Blue Ribbon.

That is a partially signed Bitcoin transaction. And so basically the way it works is you would sign partially signed transaction and say, I will sell this ordinal for 0.01 btc, and then someone else will say, if [00:04:00] you, I'll give 1.01 BTC for this ordinal. And then you send a transaction, it's fully trustless and the swap will happen.

And Bitcoin verifies everything's going good, and the people get their respective pieces of that trade. So this has been a big unlock to try and bring trustless marketplaces to ordinances. and it's been hard up until this point to get a wallet to support it cuz it's fairly, it's been around a little while, there hasn't been a use case to Ordinals, so people are catching up to the hype and so last week we saw experts could support for PSB Ts and now we got a hero wallet also good support for it.

So super, super cool. Also on experts, they announced a wallet API called SAT Connect, which will allow you to do PS B T, uh, swaps. You could sign PSB ts through [00:05:00] the api. You can view transaction details, you can retrieve Bitcoin wallet addresses and a few other things. So making it easier for devs to interact with the chain and.

Kind of the picks and troubles infrastructure for this kind of thing, so super cool. And then another highlight from the Hero Wallet team. They're a bigger entity called Hero Systems. And they released an Ordinals Explorer. So most of us have been using the ordinals.com website. Obviously it says it's alpha open, the top left.

It's, it's rough. It, you know, it works for, for its intended purposes, but it's not fancy. And Ordinals built a better explorer that runs super, super. Looks beautiful. You can filter by different things like a description number or block height, and that's just the beginning. So highly recommend you check [00:06:00] that out.

If any of the stuff you want to see more about links are in the description, the first link is to the newsletter post that has all the links in that place. So check it. All right, moving on. Next up, what I saw on Stacks Alex, which is the biggest defi platform on stacks, uh, they had a couple, couple wins.

So first they hit one year, their one year anniversary of being live on stacks, and so that's cool. By to them a holler. , but their Technomics now shifts. So they had their first having, they have a, having every year. So their Alex token hit its first having Milestone. Also, they raised a big funding ground, two and a half million dollars to keep building out the Defi platform on stacks.

And then last but not least, this is like a book big push we're seeing is they built out their own sdk. That developers can use [00:07:00] the swapping functionality and get access to the liquidity pools that they have on the platform and integrate it into their own applications. So kind of like what Curve does on ETH, where their liquidity pool, but everyone just plugs into them and swaps with them as kind of the infrastructure.

Uh, a lot of work going in and it appears into making this much, much easier on the Bitcoin side of things. So, . Very cool. And then last but not least, on the stack side, uh, Apollo is a platform for smart contract management. It's made by the team behind the mega pond N F t collection, which is kind of the N f T to hold on stacks.

And, uh, team crushes it. Most of them are are dev heavy. engineering lines. So they've been building some cool shit and kind of pushing the boundaries of what an NFT collection looks like. But they've been building out their own products while they're [00:08:00] doing that kind of for themselves. And they've been turning that into a product to launch more broadly.

And so they launched on East initially, but now they're coming to Stacks. And so they have stack support now for wallet address capture. So you can look at the smart contract and then. Take a snapshot of the wallets that hold any tokens attached to that wall address or that smart contract address. So you can use this for airdrops.

If you want to airdrop NFTs to someone, maybe you wanna do a giveaway, a ton utility. So I've used it and people listen to the podcast. If you hold a bit built on Bitcoin nft, I'll be airdropping you some stuff later this week. And I used this tool, it was dead simple. Okay. That's it for Stacks. Not too much left.

Got a couple updates for Lightning cuz like I said, I didn't see much on R S K and liquid this week. So in Lightning Land, thunder [00:09:00] Games, they're a lightning uh, powered game dev studio. , they announced a new game called Bitcoin Blocks, which is a spin on Tetris and Sudoku where you play the game. And if you're in the top of leaderboard, end the week you get some stats.

So cool to blend, you know, can kick back, play a game on my phone, but also win some of those sweet, sweet stats. All right, next up, podcast index. It's podcast nex.org. They're one of the guys who've been, it's like a standard, a group of builder. Who've been trying to push forward this podcasting 2.0 standard.

So basically, right now, most of podcasting, like when I drop this, it just goes to an RSS feed and then a bunch of phones download the file and they just listen to the podcast. But there's no way to interact with me. So with this podcast 2.0, they attach it to Lightning and you can tip me in stats for the value I hopefully create.

So with [00:10:00] this new, uh, Their new update, they have a stats page where you can see all the numbers of lightning payments going across this podcast in 2.0. Standard, what some people call value for value. So you can look at the network and see how much is being boosted or tipped or streamed, whatever word you want to use across the, uh, the platform.

And then on that same kind of note, one of the people who's been early to adopting the standard and really giving it a great use case is the team behind Fountain fm, which is a lightning powered, uh, podcasting app. It makes it super easy to clip from a podcast, but also if you want to tip the crater some, just a few stats or have, but you want to, fountain is fantastic, highly recommend, and they're raising their first seed round and they're doing it in a really cool democratized way.

So they partner with Lightning Ventures and if you want to try your hand at investing, you can invest in this seed ground. [00:11:00] with as little as a thousand dollars. So I thought that was a cool blend. I had to include it cuz one, I've had Oscar, who's the founder on the podcast, Oscar Mary, episode 94. But Fountain is a fantastic application.

If you're not listening on that application, you can have really a Bitcoin, but also investing can feel very elitist. We know, like there's these things called accredited investors where you have to have a certain amount of net worth to even invest in companies like Facebook or whatever when they're super early. So the fact that, you know, if you wanna sell a small bag of your Bitcoin, maybe you just have some money set aside and you use the app, or maybe you just bullish on lightning powered applications and the future of podcasting or value.

You can deposit as low as a thou a thousand bucks and, uh, you know, be an investor in a, in a Bitcoin focused startup. So, super cool. I thought that was dope. Uh, shout out to that team. They've been [00:12:00] crushing it.

So that's the good stuff I saw this week. A lot of ordinal stuff. , which it's been the top of the town, but also a lot of infrastructure stuff, which is cool to see. It's, it kind of, it's hard for me to gro it and, and report about it cause I'm not really a dev. So I don't know, you know, at a deeper level what these APIs and SDKs and this dev tooling means.

but from what I've heard, and I've been in the space for two years, that's the stuff that Ethereum has light years ahead, and that's why it tracks so many devs is that there's liquidity like crazy over there, meaning people that want to actually deploy it into applications, not just, it's a really high market cap that sits in people's cold storage and they get happy about the numbers.

65% now hasn't moved in six months, like. Cool. You know, I'm, I'm Bull Trump Bitcoin two, and I got some set aside, but we're not gonna get mass adoption if it's just sitting, you know, hiding away under someone's [00:13:00] bed. So one thing Ethereum does right, is they got all these different defi applications and NFTs and whatever, and it's constantly moving.

And because of that, developers build cool ass applications and then they have needs and people build for those needs. And it's just more and more infrastructure built. So now we're finally getting that in a really major way for different use cases on Bitcoin. So super cool to see. Uh, that's my little baby rant, but yeah, that is the, this week in Bitcoin episode.

Last little car to action. If you're not listening on a fountain, do it. Search Fountain FM on Android iOS, download it. It's easy to switch your podcasting apps. You probably listen to a few episodes anyways, a few shows, so you can just type that up, subscribe, and if they're enabled for lightning like I am, you could send them a few, you know, a few cents per episode because you'll love 'em what you're hearing.

So that's it for this episode. I love y'all. Peace.