Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»BLOCKCHAIN NEWS»Ordinals and runes are evidence of the permissionless nature of Bitcoin — Casey Rodarmor
BLOCKCHAIN NEWS

Ordinals and runes are evidence of the permissionless nature of Bitcoin — Casey Rodarmor

By Crypto FlexsJune 4, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ordinals and runes are evidence of the permissionless nature of Bitcoin — Casey Rodarmor
Share
Facebook Twitter LinkedIn Pinterest Email

Share this article

Follow Cryptocurrency Briefings on Google News

Casey Rodarmor, the controversial creator of Bitcoin’s Ordinal and Rune protocols, recently discussed the motivations and implications of his work on the Bitcoin network at Consensus 2024 in Austin, Texas.

Rodarmor claims that the purpose of his work on Ordinals and Runes is to keep Bitcoin secure and its applications secure as well, allowing individuals to transact and use the network as they see fit, free of state authority and censorship.

“I think the only interesting thing about any kind of blockchain is the degree to which it can resist governments,” Rodarmor said.

Rodarmor’s protocol has received both enthusiasm and criticism from the Bitcoin community. Ordinal numbers allow you to create trackable Satoshis, similar to non-fungible tokens (NFTs), on the Bitcoin blockchain, and Runes, launched to coincide with the Bitcoin halving event on April 19, 2024, allows you to create Satoshis on Ethereum. You can create tradable assets similar to the tokens of . .

Despite the controversy, Rodarmor claims his work is a testament to Bitcoin’s permissionless nature and shows that it is possible to build applications on the network that are as censorship-resistant as Bitcoin transactions themselves.

He acknowledged that while Runes may be less important than Bitcoin itself, they provide the “niche, fun, decadent thing” that cryptocurrency traders seem to want, while also contributing to Bitcoin’s fee economics. Rodarmor also addressed Bitcoin’s “anarchic” governance structure, describing it as “dysfunctional” but likely the best form of governance for the network.

He notes that while the lack of formal governance makes some people uncomfortable, there is a significant lack of centralized control that would allow for the development of protocols like Ordinal and Rune that would not otherwise have been allowed.

“What makes people uncomfortable about Bitcoin governance is that there is no formal governance (…) we actually want it to be an anarchic and messy process,” Rodarmor argued.

The historic halving event in April 2024 saw fees paid for Bitcoin blocks reach an all-time high of over $2.4 million in BTC. Trading fees have since normalized, but are still higher than the sub-dollar prices seen for most of 2022 and 2023.

Rodarmor believes his work contributes to the security and robustness of the Bitcoin network by attracting users and generating transaction fees. This will become increasingly important as mining subsidies decline over time.

Despite criticism from some prominent figures in the Bitcoin community, including Bitcoin core developer Luke Dashjr, Rodarmor remains committed to his work as a self-described “enthusiast” developing these protocols without grants or funding. He believes his project gives people a preview of the fate of Bitcoin and the potential for a sustainable fee economy.

Note: A previous version of this article quoted Rodarmor as saying he “supports” the government. This was modified to “resistance” based on a modified transcription from Daniel Kuhn’s earlier post citing the former.

Share this article

Follow Cryptocurrency Briefings on Google NewsFollow Cryptocurrency Briefings on Google News

The information on or accessed through this website has been obtained from independent sources believed to be accurate and reliable. However, Decentral Media, Inc. makes no representations or warranties about the timeliness, completeness or accuracy of any information on or accessed through this website. . Decentral Media, Inc. is not an investment advisor. We do not provide personalized investment advice or other financial advice. Information on this website may change without notice. Some or all of the information on this website may be outdated, incomplete or inaccurate. We may, but are not obligated to, update information that is out of date, incomplete or inaccurate.

Crypto Briefing can augment articles with AI-generated content generated by Crypto Briefing’s own AI platform. We use AI as a tool to deliver fast, valuable, actionable information without losing the insight and oversight of experienced cryptocurrency experts. All AI-augmented content is carefully reviewed by editors and writers, including for factual accuracy, and we pull from multiple primary and secondary sources whenever possible to create our stories and articles.

You should not make any investment decisions regarding ICOs, IEOs or other investments based on the information on this website, and you should not interpret or rely on the information on this website as investment advice. If you are seeking investment advice regarding an ICO, IEO or other investment, we strongly recommend that you consult with a licensed investment advisor or other qualified financial professional. We do not receive any form of compensation for analysis or reporting on ICOs, IEOs, cryptocurrencies, currencies, tokenized sales, securities or products.

See full terms and conditions.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

British trail EU, US encryption regulation, think tank warning

June 22, 2025

ZKJ Crypto Price Pumps 20%: Dead Cat Bounces?

June 17, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Tether has emerged as a profitable stablecoin titan with educational goals.

February 4, 2024

BNB Chain Reveals Proof of Concepts for Q3 2024 Hackathon

August 11, 2024

Maximize Passive Income Potential

December 20, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.