In Episode 312 of The Block Runner Podcast, hosts William, I-man, and TJ unpack a wild week for $NAT: overnight listings on three centralized exchanges with zero fees paid, a god-candle to a $150M market cap, and a deeper, more rigorous walk-through of the Bitcoin security-budget math than the show has ever done on-air. They run the numbers through Michael Saylor's $441 trillion scenario, show why fees can't close the gap, and lay out the case for NAT as a supplementary second subsidy capable of delivering $2.1B/day to miners. The episode closes with a commitment: the next video from The Block Runner is NAT.fun going live.
Disclosure: William and I-man are founders of NAT.fun and hold NAT tokens. All analysis in this episode reflects their perspective as participants in the ecosystem.
Key topics:
Do the math yourself. If you arrive somewhere different, bring it into the comments.
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$BAMK has become a top 5 Rune project and stands out among the rest of them simply due to the effort to do something interesting on Bitcoin outside of just memes. The problem BAMK is attempting to solve is the absence of a reliable stablecoin for users of the Bitcoin ecosystem to leverage. In other blockchains there are a variety of stable devices to choose from but none native to Bitcoin to keep all liquidity events onchain without the need of a centralized service. The stablecoin BAMK is introducing is called nUSD, which is derived from Ethena’s USDe, which is a synthetic dollar stablecoin on Ethereum. We ask Jack Liu how it all works and the magnitude of implications for the Bitcoin economy if it becomes widely adopted and standard for stablecoin issuance.
We have a very insightful conversation with Jiurn, one of the leading experts and educators on all things Bitcoin and Ordinals. Through the last year and a half Jiurn has pieced together daily tweet threads to aggregate all of the latest developments within the space, as a result he has built a very large audience. Now Jiurn is turning his focus onto launching his own Ordinals contribution relating to the book publishing sector. Details of this project are reserved for a future recording. We then get deep into the discussions around preserving the “newness” of Ordinals and not diluting it’s impact with too many cloned copycat attempts. We agree with Jiurn here as we have actively worked to contribute an innovative approach to crafting digital artifacts under the Ordinals umbrella but through the utilization of DMT. We then discuss the merits of meme tokens and make projections on the market trajectory for Bitcoin and the crypto market as a whole for the coming years.
We continue our conversations around the meme phenomena happening in the web3 space and elude to enough market indication toward it becoming a killer niche for the upcoming bull cycle. We then react to the current day political shift in American politics embracing crypto and making it a main narrative for the upcoming presidential election. This is in stark contrast to the U.S. positioning against the crypto markets over the last several years, but after candidate Trump made recent statements in support of the crypto industry the tone has turned completely. Is this the beginning stages of government adoption which will be the driving force to getting Bitcoin into the 7 figures rage? We discuss.
We explore the DMT space in its current state and ponder its market presence as a force to onboarding new interest to web3. We draw parallels from previous cycles when new ideas emerged from nothing to eventually become leading market niches that generated billions of dollars in market activity. For DMT to follow in those footsteps would require momentum to catch fire in a similar fashion which would encourage wide spread adoption. We discuss what the domino pieces may be and ponder the ideas behind expanding the scope and applications of DMT for metaverse native construction. We then finally reflect on the successful Royals blockout, the first UNAT to launch successfully on Mscribe using the new blockpad feature we have developed over the last couple of months.
Will and Iman discuss Roaring Kitty's return discussing the value of meme stocks and why a goal helps motivate and propel meme value capturing the attention of every day people. They discuss the components that make a meme successful and uncover the intricacies required for attention to spread. AI is another topic continuing to make progress that will impact everyone. Could it be the next technological wave that affects every business that exists? Predictions for the next market cycle is always a natural talking point as they rationalize what they think is going to happen next. Finally they discuss the importance of keeping up with the Youtube game with clickbait. Why sometimes its a necessary tactic to capture the most attention while at the same time bring value to the viewer in a responsible way.