Replying to Avatar Jameson Lopp

Lots of folks are upset about ordinals because they can't understand how a market exists for them.

Truly I tell you, the same view is held by nocoiners about bitcoin.

Markets don't require your understanding in order to operate.
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TheGrinder 2y ago

A currency isn't a digital photo album and currency is the only utility Bitcoin needs.

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mattybs 2y ago

But it's programmable, so people gonna program.

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TheGrinder 2y ago

Ordinals are an exploit and should be treated as such.

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El presidente Eloy Musketti 2y ago

How 'xactly?

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TheGrinder 2y ago

by exploiting Bitcoin's Segwit and Taproot upgrades in unintended ways. Bitcoin's "utility" is currency and it has performed that "feature" as intended for 14 years. If we want a digital photo album with timestamps we can create a chain for such purpose.

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El presidente Eloy Musketti 2y ago

What about op_return? And encoding as sha256?

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El presidente Eloy Musketti 2y ago

Not that i think it's good idea but in the long run they WILL run out of funds. So...

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mattybs 2y ago

Sure, but it's happening and will continue to happen because it's permissionless. If not this it would be something else.

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Patrick 2mo ago

Tell that to @npub1j8y6tcdfw3q3f3h794s6un0gyc5742s0k5h5s2yqj0r70cpklqeqjavrvg

I've got a $2 bill that he's left all kinds of artwork on