Ordinal is an attack on Bitcoin fungibility where in the end the state will decide, which coins are good or "tainted".

It is a made up accounting system, which technically enables tracing back Sats(ordinal) back to inception. First in first out basically a perfect dream for state actors to agree on this to foster KYC rules/regulations. Number go up plebs will obey and comply because of institutional money/mass adaptions.

Reply to this note

Please Login to reply.

Discussion

This argument feels disingenuous. Everything ordinals do is attach optional extra information to certain satoshis which makes them more valuable in the eyes of some. All wallets that do not support ordinals (all of them apart from the official ord wallet that kicked them off) do not care about this new kind of "taint".

Apart from that, you can already follow the tracks onchain to figure out where certain coins came from. Ordinals just make that more visible to average users

Sats != ordinals. Ordinals are the ones that are non-fungible and it's by design.

You're arguing that a collective opt-in hallucination on sats ordering gives somehow the State more reason to attack bitcoin. Feels like a moot point. If ordinals had never existed, they could still make up their own mythology around certain sats which would amount to the same outcome.

There is no such thing as non fungible sats. Ordinals is trying to trick you into believing particular sat in non fungible.