https://damus.io/note1qqzqrvep9xejm6xgwfsp6de99rscvghfmr8ktk25335ryymjh7jsdzkzdq
The last line is, of course, true.
The rest is apples to oranges..
The market exists for ordinals because of the pumpamentals being promoted by the deep-pocketed, massive ‘taproot wizards’ marketing department, funded by the likes of Joe Lubin (ethereum, Starkware), Da Hongfei (NEO, Onchain and ..), David Bailey (Bitcoin magazine, UTXO Management and more) and others.
h/t nostr:npub1hghnjjpnvkz8t6gkszuf37d7puwc2qtxc65rnklqsngzv6kkug9qhhfyz2 for doing the digging. (See link below for more details)
Bitcoin doesn’t have a paid marketing department.
Fiat brain is a disease afflicting 99.999999% of people.
They understand NGU, so getting rich off ordinals/‘nfts on bitcoin’ is something they can relate to.
It’s the same reason millions are onboarded to bitcoin during bull markets.
Yet the narrative I keep hearing about ordinals “bringing people to bitcoin” is bullshit imo.
As soon as those people are rekt when they realize their ordinal is worth only the sats upon which it is inscribed (and even that’s misleading as it is really in the witness section of a block and can be pruned!), they will likely leave bitcoin, distraught and in despair. They are being played for their naivety and will be exit liquidity for the same sharks that win every time.
It takes time (way too damn long!) for people to understand that bitcoin is *not about making money*.
It *is* about preserving one’s life force in the form of a money that stores one’s energy for later use, that cannot be manipulated or debased, that is truly scarce and decentralized, that is the soundest money the world has ever known.
Such a fundamental shift of perspective appears to be extremely challenging for most (as I, and I’m sure most of us,
have discovered when attempting to orange pill others, especially those in so-called ‘developed’ countries).
And as for BRC-20 tokens and stamps, all I will say is they are way, way worse than ordinals. Stamps can never be pruned and are actually causing more bloat on the timechain than ordinals.
If you want to see the energy behind stamps, check out Mike in Space on twttr, the creator of stamps.
@Portland.HODL has a PR to prevent stamps, hopefully it can be merged before too much damage is done.
While I am aware it may be a game of whack-a-mole, I absolutely think we need to continue the discussion and find the best way forward, and not just say, ‘Oh well, because it is possible to do on bitcoin we have to just allow it’.
If bitcoin is truly to be the global, censorship-resistant freedom money we need, we will need to continue to fight for it… there are too many forces, whether malicious or ignorant, that can do severe damage.
‘Bitcoin will win’ is only true if we continue to stand strong and defend it as if our life depends on it, which, in many senses, it does.
Disclaimer: As always DYOR.
This rant was a stream of consciousness triggered by Jameson’s note after too many hours listening and participating in these topics being hotly debated on spaces 🤪 nostr:note10kmalk2zsc2909t6yjxx3euht63p9rdz6cgd8swdprcwcve7tamslrfuqn
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