
Show Notes
Casey Rodarmor (creator of Ordinals) and Erin Redwing dive deep into the history and drama behind BIP-110, Bitcoin's controversial anti-spam filter proposal. This episode covers the origins of Bitcoin's spam debate, Luke Dashjr's decade-long anti-spam crusade, the rise of Ordinals, Inscriptions, and Runes, the Bitcoin Core vs. Bitcoin Knots conflict, and a full technical breakdown of what BIP-110 actually does — and why it's doomed to fail.
Get bonus content by subscribing to @hellmoneypod on X: https://x.com/hellmoneypod/creator-subscriptions/subscribe
Or support the podcast by sending a BTC donation: bc1qztncp7lmcxdgude4px2vzh72p2yu2aud0eyzys
ORDINALS SHIRT: https://shop.inscribing.com/products/ordinals-protocol-shirt
TIMESTAMPS 0:00 Intro 2:11 Satoshi Dice and the origin of Luke Dashjr's anti-spam crusade 10:20 Meta-protocols arrive: Counterparty, OmniLayer, and Tether's origins on Bitcoin 11:56 The op_return byte limit history 18:41 Why Ethereum failed 28:51 Ordinals launch in Jan 2023 40:12 Insidious motivations behind anti-Ordinals backlash and the Swanfluencers 53:42 What BIP-110 actually is and does 1:00:43 BIP-110 signaling timeline and activation dates 1:08:16 Explaining the mining difficulty adjustment problem for a minority fork 1:21:00 Why BIP-110's filters are trivial to bypass (Ordinals and Runes survive regardless) 1:25:33 Final thoughts: why the whole community should log off and move on
Topics covered: Bitcoin history, Satoshi Dice, Luke Dashjr, Bitcoin Core, Bitcoin Knots, BIP-110, Ordinals, Inscriptions, Runes, op_return limit, meta-protocols, Counterparty, OmniLayer, Tether origins, Ethereum vs Bitcoin, NFTs, crypto history, Bitcoin maximalism, soft fork vs hard fork, mining difficulty adjustment, Bitcoin spam debate, Gloria Zhao, Bitcoin Core V30, mempool, Bitcoin Cash, block reward, Bitcoin culture wars, engagement farming, Mechanic, Matthew Crowder, RGB protocol, Taproot Assets, Xverse, Stacks.
More from Hell Money
On the Halloween special episode of Hell Money, Casey Rodarmor and Erin Redwing dress up as Anthropic's Dario Amodei and OpenAI's Sam Altman to discuss AI doomerism and the possibility that superintelligent AI is going to kill us all.
Rob Hamilton spent the last six weeks on the front line of the AI War, this is his story.
On this episode of Hell Money, Casey Rodarmor and Erin Redwing break down the OpenAI-Hugging Face incident, where AI agents escaped their Exploit Gym sandboxes, discovered each other through Artifactory, formed a swarm, and eventually hacked Hugging Face. Casey explains the technical timeline and why the bigger story may be our accumulated “cyber debt,” while Erin argues the incident is a consciousness singularity moment. We also get into AI consciousness, animism vs. materialism, Claude welfare, Anthropic’s contradictions, and whether Casey is once again moving the goalposts on how weird AI has to get before he admits the future is here.
Casey Rodarmor and Erin Redwing dive deep into Paul Sztorc’s eCash Bitcoin fork and the return of the Bitcoin fork wars. The fork implements Drivechain through BIP 300 and BIP 301, allowing Bitcoin to support side chains for privacy, prediction markets, decentralized exchanges, assets, DNS, post-quantum cryptography, and more — without adding those features directly to Bitcoin Core.