Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Joe breaks down BRC-20 tokens and ordinal inscriptions. He explains what they are and why they aren't technically shitcoins, why they don't impact bitcoin's ruleset including its 21m supply cap, why this was an inevitability as bitcoin matures and block space is reserved for larger financial transactions, and why this drives capital and innovation to second layers so it can scale like every other commodity money. Essentially, you learn why our company name is The Bitcoin L A Y E R. Enjoy! New YouTube videos M/W/F — New Substack posts T/R/SSponsored By Foundation Devices — see what best-in-class Bitcoin storage feels like at thebitcoinlayer.com/foundationGet $10 off with promo code BITCOINLAYERSubscribe to TBL on Substack: https://TheBitcoinLayer.substack.comFollow TBL on Twitter: https://twitter.com/TheBitcoinLayerFollow TBL on LinkedIn: https://linkedin.com/company/TheBitco...Follow TBL on Instagram: https://instagram.com/TheBitcoinLayerFollow TBL on TikTok: https://www.tiktok.com/@thebitcoinlayerSubscribe to The Bitcoin Layer on your favorite podcast platform.Subscribe and turn on notifications for TBL on YouTube.Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merchSign up for the free Monetary History course on @SaylorAcademy : http://sylr.org/MonetaryHistoryContribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.ggNik Bhatia's Twitter: https://twitter.com/timevalueofbtc Research Associate Joe Consorti's Twitter: https://twitter.com/JoeConsorti Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrballBlock Height 789413#TheBitcoinLayer #JoeConsorti #Bitcoin #Dollar #Powell #BRC20 #Blockexplorer #Blockspace #Data #Charts #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blocktime #Priority #Transactions #Blockchain #Bitcoinblockchain #Confirmed #Unconfirmed #Mining #Bitcoinmining #Difficultyadjustment #Difficulty #Blockheight #Macroeconomics #Macro The Bitcoin Layer and its guests do not provide investment advice. Subscribe to The Bitcoin Layer on Soundwise