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Bitcoin blockspace has always been for the most “privileged”, whatever that means.

It’s a fee market - whoever can pay the most can be included in the next block. Bitcoin will be far more secure into the future if there is high demand for blockspace.

The inscriptions are valid Bitcoin transactions. Whether you like their purpose or not, it does not matter. If people want cheap settlement, they will have to use an L2. Bitcoin L1 is never ever ever going to be useful for cheap settlement. The only reason it has been in the past is because of how early we are.

Obi-₿it Koinobi 2y ago

Why do people think ordinals are the path to miners gettin' paid? High enough adoption will take care of that.

These ordinal people are the next version of the guy who spent thousands of bitcoins on pizzas back in the day.

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Discussion

Zach⚡️ 2y ago

Fine with me. As of now, they pay the miners. I hope their scams are short lived but I’m not going to pretend like demand for blockspace is bad.

QW 2y ago

Thanks for sharing your side. 🤙🏻

Zach⚡️ 2y ago

Thanks for being open minded and having a discussion with me 🤙