We chat with Charlie (CBSpears), creator of Blockspace Media and a Bitcoin OG about the current state of the Bitcoin ecosystem. We ask him about how he has perceived the Bitcoin culture’s evolution within the space as he has been a participant pre and post Ordinals. Charlie views Bitcoin as not only being in a price discovery phase but also in a narrative discovery phase as Bitcoin is becoming more complex and dynamic than what it originally was. With memes overtaking overall crypto market sentiment and Murad acting as a driving force for this sectors growth, we ask Charlie how he views this sector interplaying with Bitcoin and the ecosystem brewing within it.

We discuss the existential miner subsidy crisis not many are openly discussing, which could pose future risks if more awareness and careful diligence isn’t directed toward solving the impending issue. With Charlie’s background and expert knowledge of the Bitcoin mining industry we propose to him the $NAT token miner subsidy model. He gives his honest interpretation as to whether it is a good idea to help miners discover new verticals of long term sustainability. Overall Charlie views DMT and other metaprotocol experiments as too early to tell whether they will be main contributors to Bitcoin in the long term.

We discuss the future of DeFi on Bitcoin with the Ghosty and Launchpunks team, both TAP ecosystem developers launching TAP tokens very soon. We break down how the Launchpunk platform functions and aids projects in aggregating attention and community support when first entering the market. Doing so by introducing new dynamics to launch pool participation through social media engagement and community support. With Ghosty being the first project launch through Launchpunks, the TAP ecosystem has new tools and infrastructure to begin propagating new projects. Ghosty is taking its very successful bridging protocol that has processed over 50M in volume and describes taking the ecosystem into a much broader direction supporting multiple facets of DeFi. We go over the extensive roadmap for the Ghosty team and talk about the current migration from Ghosty to Spooky tokens which have several utilities. We discuss how utility tokens and projects that introduce fundamental infrastructure find product market fit in today’s climate that is heavily focused on memes.

We have a way over due discussion with Benny, the creator of TAP/TRAC/PIPE which is the first protocol stack on Bitcoin developed to bring programmability to the Bitcoin space. We discuss Benny’s journey from a lone developer during the early days of Ordinals to now having spent the last year and a half building one of the most ecosystems on top of Ordinals. From supporting DeFi on Bitcoin L1 to making the TAP protocol suitable for cross-chain application. Benny then gives us his take on the DMT ecosystem and how it introduces many new fundamental value adds to Bitcoin, which aligns with his development approach of preserving the spirit of Bitcoin in everything he creates.

We introduce the idea of $NAT as a miner directed distributed token which will introduce a new DMT ecosystem distribution method that enables token deployments to be directly distributed to winners of the Bitcoin subsidy. This eliminates the issue of bot controlled minting of newly produced DMT assets and instead supports the security of the Bitcoin network by introducing the first additional subsidy reward for miners in the network. We feel this will align DMT more directly with Bitcoin considering the assets being produced non-arbitrarily from Bitcoin’s data substrate layer rely on preserving Bitcoin’s security and immutability.

We then discuss Benny’s overall thesis on the direction of the Bitcoin ecosystem and web3 as a whole. Arriving to a similar conclusion as ours that envisions the metaverse as the ultimate end game for all technology primitives native to web3 to intersect and appl

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We receive a very insightful question from somebody who watches this podcast who has been an active participant in the things we have been building. The question focuses on tying together $NAT, Bitmap, NATRIX, DMT NATs and UNATs into a sensible overall understanding how all these creations interplay with each other. We discuss how our thesis of metaverse maximalism has influenced just about everything in relation to what we have been building on Bitcoin. By understanding the economic requirements of the metaverse and the need to introduce digital commodities for the metaverse market on Bitcoin, $NAT and the DMT framework ws built in order to maintain non-arbitrary principles Bitmap introduced for this new asset class. NATs and UNATs all are created through the utilization of Bitcoin block data, thus giving their existence a forever association to Bitcoin as opposed to arbitrary token creations. We describe the NATRIX as the culmination of all these technologies by bringing the DMT commodities market into a composable application environment that can be hosted by Bitmap parcel owners. The real mission to increase interest in metaverse asset ownership and to kickstart a UGC economy that accelerate the proliferation of content and experience for metaverse users. We do so by leveraging $NAT as the face of the ecosystem in order to introduce the principles of DMT in the manner that poses the least friction. With $NAT token interest surging, more will discover all other DMT creation from art to the metaverse. What does this all lead to? Hopefully a metaverse economy with truly unique economic properties related to what makes Bitcoin valuable and in the end onboarding a larger user base to Bitcoin who are less interested in Bitcoin financial application, more so inclined to participate in the nascent metaverse journey.

We discuss with the creator of Inscripedia everything related to the book publishing industry and how Jiurn is working to build a platform and an inscription standard to address major centralization dilemmas. Through inscriptions details of publications can be stored on Bitcoin in the form of a BRC600k. This enables platforms like Incripedia to reference these inscriptions and properly display the contents in a more readable and user friendly format as opposed to just a blob of text viewable on an explorer. Jiurn strives to create an active market around book publishing and will be demonstrating the product with his upcoming launch of Season 0. This mint will include 5 books from Casey Rodarmor, the creator of the Ordinals protocol. We also discuss with Jiurn the exciting possibilities of leveraging the Inscripedia methods to incorporate books in the metaverse which will allow holders of these mints to flex their collections on a Bitmap.