Its really depressing that ordinals turned out to be the point of contention that I thought they'd become back in February. Every closeted anti-segwit troglodyte showed their true colors. Everyone else was like "degen fad. it'll go away soon". I thought I was suffering from Bitcoin Derangement Syndrome, worrying that this would be a sustained effort and a risk to dividing the community over censorship or blocksize or a fork.
Discussion
It will be ok.
People arguing over ordinals are forgetting a key point: bitcoin keeps working.
Tick tock, next block. Whether that block has ordinals or not.
It’s a fart in the wind
How long would it have to go, before it became worrysome for you?
Seems you thought farther ahead than others.
I contend it probably SHOULD have faded, but it's either VC fueled, or an attack.
But that's my two sats.
I'm only forward thinking enough to see a code solution could ALSO have unintended consequences. But I think most people see that at this point.
It's not an existential threat, presently. It really depends how long the trend can continue. People telling you that its a fad that can't last forever are consistently vague about when it will end and what length of time would be enough to worry them.
A period of months and then a fizzle is a lot different than a period of years, where passions can continue to smoulder. Given enough time, well-intentioned people can be manipulated by ignorant or malicious people into advocating for hasty code changes or a fork war.
Spot on.
If their presumably VC backers are getting a consistent shitcoin BRC-20 return it could go on for a long time.
That's why I keep hoping for a BRC-20 exploit to make them question the model economically.
Be a DARN shame if their VC investors ended up being organized crime or maffia-related. Might give the particular griftfluencers pause to run a scam like that again.
But hope won't fix this either. 🤷