This is not meant to be dunking on ordinal inscriptions or anything, but an honest question
Doesn’t the fact that Lightning exists mean the ordinal system can’t possibly work? At least for sats that have been in lightning channel utxo’s?
#asknostr
Discussion
Do you have any key points you recall in case i’m too auditorily illiterate to actually listen to a bitcoin podcast anytime soon 😅
Besides “it’s fake and ghey” bc that one i do know already
Ordinals rely on satoshis being non-fungible and trackable. So yes, ordinals break when you consider that:
1. Someone can swap a bunch of sats for some other bunch of sats just as easily as we can swap dollar bills and pretend that nothing happened.
2. A Bitcoin transaction can pay a bill in the first output and return change in the second, but it can so return change in the first and pay on the second.
With the existence of coin swaps, coin joins, lightning payments, pretty much anything that isn't "ordinal compatible", ordinals break.
This is why they are so dangerous: they encourage "the people" to settle on invisible limitations so that the rest of us can be othered and then labelled as insignificant, abnormal and criminal.
Thank you, great response
The numbering system is make believe, but the image data is in the witness on the L1, on a small fraction of nodes that decide to keep it. I prefer the technicals of stamps which do not pretend that sats are nonfungible and put data in the utxo on all nodes, but they are even more limited than ordinals in storage size.