Am I the only one who wonders where these people are getting their money? I thought we're in a recession, how are people spenidng $7000 in fees to inscribe a video into the timechain?
#ordinals users really break my brain
Discussion
Well... Money laundering, same as shitcoins and their nfts... Nothing to be proud of, but I worked close to this 'industry' for around 2 years. Really disgusting
Likely multiple souces, some originates from BSV, and other places that would like to see btc disrupted, for their own gain. So technically it makes sense.
If you look at the nash equilibrium, there is a neat defense to this, by conceptually splitting the mempool into 3 parts.
The first third is high value tx, who can afford more fees (as a % still low) for priority. Using the nash equilibrium miners and users will be in a contest to drive fees to a sustainable equilbrium. (You pay a bit more for priority).
The final third is the long tail, the poor, developers, L1/L2 transitions, regular users who are price and fee sensitive.
The middle third is the spammers, gamblers, potential attackers.
By stretching out the middle third you can make it much more expensive for potential attackers that want to disrupt bitcoin. The chain remains secure, and sufficiently decentralized, and everyone gets what they want, without significant disruption.
I don't have any proof, but I think that, in part, this is like when Roger Ver and his mining friends had a "marketing budget" that they used to flood the mempool to make bitcoin look "broken" and in need of a quick fix, like a block size increase.
I do not doubt that, if ordinals enjoys wider and wider popularity, we will see more overt marketing about how a fork is necessary.
I am not worried. They will run out of their money before my patience. 
It will continue till they've depleted their reserves & people stop buying dumb sh$t