I don't like ordinals, but I see why an artist would want to use Bitcoin, because we know the timechain will be around far longer than their Shitcoin chain. It makes sense. You put your assets where they will last. But, these BRC-20 tokens don't have any meaningful use besides gambling. It's just stupidity.
Discussion
I don't understand how some bitcoiners can actually cheer this on. It's as if they are short-sightedly giddy to either soak up the fees with their S9 or they have been walking among us, silently jealous of Ethereum casino degeneracy for 7 years. This is setting us backwards.
Agree, it does feel like it's moving a portion of what kept us different from crypto down their path.
I suppose another explanation is that there are people who weren't stupid enough to be a BCasher, but still reserved enough salt over SegWit and are giddy to see it exploited.
Oh absolutely. Every single person behind Ordinals originally or those giddy with joy are from the big blocker camp. They see this as a win and a way to attack Bitcoin. Their tweets tell the story.
They donβt know bitcoin is a hydra
Bitcoin's history is clear. If you try and wreck Bitcoin, Bitcoin will wreck you..π»ππ§‘π€ π½
You ever notice how ColdCard payment workflow only supports P2PKH addresses?
Even for an artist, why put it on a blockchain where anyone can just copy it?
Preservation. Upload it to Imgur and that may be gone in 20 years. Upload it to Bitcoin and it will be there in 120 years.
Preservation is the only meaningful use case. Any claim to ownership of that piece of blockspace is tenuous at best - thatβs why the invented the theology of ordinals to do it. The current activity is driven by claims to ownership and the subsequent trading that ensues from it. It has nothing to do with preservation
Right. These tokens have deviated from the original argument and tainted even the slightest bit of understanding that I gave Ordinals credit for.
Nostr is good for preservation as well. #[6]
Note cut out, but capsule had a good post recently debunking the 3-d gun on bitcoin argument and how nostr is arguably better for something like that
This one nostr:note1w4nwprzclnypv9dd4fawvswr3885p6cmxxnyagh57u90anhr04mskn6xne
Eh. I don't believe any notes currently being posted on Nostr will be around in 10 years unless people keep rebroadcasting them to new relays as the pop-up.
Donβt worry they will all live forever in some AIs memory
It would be nice if nostr had a layer or protocol to try to ensure data preservation for multiple decades.
I donβt know if nostr will be good for preservation. There will always be nerds like me and #[7]β who like to find old notes and boost them, so some notes will remain.
When it comes to 3d guns on nostr v. Bitcoin, I think the most important aspect is the decentralized and unstoppable nature of nostr. Nobody will know what an STL file is in 120 years, but there are tyrannical governments right now that the people need to protect themselves from.
The ordinal bros use the 3d gun argument to pull on our heart strings, and that somehow gives them an excuse for their shitcoinery. Code is text, and nostr is perfect for that.
Cave paintings survived thousands of years without a blockchain. You can Just put it in a book π
We're assholes now and burn books.
How do you burn digital books? π
By "revising" them under the guidance of "sensitivity readers"
You donβt need to. Your Trust and Safety board will revise it to comply with GoodThink.
Trust and Safety board must not have heard of The Pirate Bay π
You cannot transfer arbitrary data
You can pretend, but no one owns it, everyone that runs a full node has a copy of it
Right. Which is why I never mentioned ownership and only preservation. Anyone that doesn't see why someone would be inclined to do this either 1) doesn't know Bitcoin's history of doing this since the beginning of Bitcoin 2) is blinded by their hate for Shitcoins to try to see and understand people's points on the opposite side of the argument.
The value and is in inscribing itself. That's always been the case. The witness discount & relaxation of 10k script witness size made it cheaper to "inscribe" more data than before. It was always possible.
Ordinals is nonsense. Only people taken in by it are people who weren't around for colored coins.
With Brink funding Fabian Jahr's work on CISA, hopefully we can get rid of the witness discount soon.