If OP_CAT is being heavily encouraged by the Ordinals crowd, bad actors in the Bitcoin space, and people wanting to do it "for the memes" it's absolutely 100% going to be a no from me, dawg.
Discussion
does meme coin has a value?
Sorry. Meme coins have no intrinsic value.
Bitcoin has no intrinsic value
this is true. all value is subjective
True, but meme coins like dogecoin started as a joke.
Finding subjective value in dogecoin is like trying to make a living as a stand up comedian by asking, "Why did the chicken cross the road?"
Intrinsic value adds noise to pure price signal
some would say the market cost to produce would be a form of intrinsic value
Some would be wrong. All value is subjective. The amount of energy and depreciating capitol miners are willing to apply to generating bitcoin, plus a small margin, dictates the sale price of new coins.
i don't follow why subjective value and intrinsic value can't coexist in concept or perhaps I'm just confused on this thread
I heard just yesterday that the Ordinals crowd has been inspired to Rev up nodes. Over 1000. They are serious.
why do i feel another block size war coming on?
I just got done reading the book and it’s exactly the same
💯
So the bad actor just need to promote good proposals in an ugly way to DDOS bitcoin development? Is it that easy?
you know derek mad when he bust out the "dawg" hahaha
im where ur at dawg
There’s a lot of people who aren’t ordinals people who like OP_CAT
https://medium.com/blockstream/cat-and-schnorr-tricks-i-faf1b59bd298