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!

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