Episode notes
On this episode of Hell Money, Casey Rodarmor tells the full story of his failed attempt to get the Ordinals BIP accepted into the Bitcoin repository - a three-year saga that ended in a silent rejection.
We break down what a BIP actually is and how Bitcoin’s governance process handled - or failed to handle - one of its most controversial proposals.
Topics covered:
- What is a BIP and how the process works
- What Ordinals actually are (sat tracking vs "assets")
- The full Ordinals BIP timeline (2023–2026)
- Casey’s technical, personal, and political grievances
- BIP 110 vs Ordinals
- A proposed reform plan for Bitcoin’s BIP process
- Bitcoin governance and ossification risks
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ORDINALS SATSCARDS: https://shop.inscribing.com/products/ordinals-satscard
TIMESTAMPS:
0:00 Intro, Casey is single
3:52 Ordinals BIP
20:00 Bad social politics incentives
25:15 Inscriptions BIP
28:30 Casey is demoralized
32:00 The Tyranny of Structurelessness
34:00 Bryan Bishop, Epstein files, and narrative control games
37:00 BIP 110
38:15 Blockstream & Bitcoin core, Bitcoin governance
43:25 Bitcoin is ossified, OP CTV
49:35 When is it clear that Bitcoin has failed?
58:00 Quantum threat & VC narratives
1:02:00 Casey's list of demands for BIP editors
1:10:45 It's so over, Maxi Madness
