Replying to Avatar Derek Ross

Ordinal Inscribers are now paying Bitcoin mining pools to construct blocks for them with zero or minimal financial transactions, so that all of their images get inscribed in sequential order. They are not using the normal block construction methods. They are including these in the next block over the counter or behind closed doors. This has happened 3 times so far with 3 different pools. Luxor, Foundry, and the latest one was from Terra Pool. These out of band blocks are creating a secondary marketplace outside of Bitcoin's normal block construction methods. Miners are now talking about selling blocks before they are found. Thoughts?
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stack those sats ⚡️ 2y ago

I think ordinals popularity will die down and things will return to normal.

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Derek Ross 2y ago

when the bull returns, it's possible, but these folks also pay millions of dollars for monkey jpegs. so i doubt it.

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- 2y ago

they dont actually pay that tho right😹

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badonyx 2y ago

literally passing $1m as we speak

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Derek Ross 2y ago

which would be $4M if they were paying for financial transactions.

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Chiarakaparos 2y ago

Is the subsidiaries that big

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- 2y ago

is there a possibility someone can tinker with fee numbers or something like wth is dis even loool

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badonyx 2y ago

if they were paying for financial transactions at the same rate per vbyte for the same quantity of vbytes, the fees would not be any different.

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Sandra 2y ago

Well, if other chains die off because they are deemed securities and nfts get vaporized from that chain as a result, it’s possible ordinals become more popular. 😅 I’m glad ordinals exist although admittedly I haven’t thought about abuse scenarios bc of ordinals.

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I Satoshi with you 2y ago

🤣🤣🤣 Monkey 🤣🤣🤣… that just made me laugh 🫂🤙🏼