because of the way it’s designed;
NFTs are simply tokens that point to a jpeg image on a server (usually centralized) so it is neither provably scarce or secure
#Bitcoin scarcity is provable because an energy requirement and unit limitation has been hardcoded into the protocol that can only be changed with mass consensus (90%+)
slapping a jpeg on a scarce asset does not make the jpeg scarce.
if ordinals are inscribed on chain and not pointed to a server then how are you saying they are nfts?
by definition you are attempting to turn a fungible asset into a non-fungible one lol
inscribing on chain dosent change the scarcity of the original image & security is still an issue since #Bitcoin is meant to be used as a currency (the protocol dosent care if your sat is inscribed and you think that makes it more valuable, 1 sat = 1 sat)
Agree to disagree but I appreciate your candor and discourse
out of curiosity, what exactly do you disagree with and why?
you may think 1 sat = 1 sat but through ordinal theory when inscriptions are made they become subject to what is being inscribed on them, thus being worth more than said sat.
you seem to be confused lol
I don’t *think* 1 sat = 1 sat, that is an undeniable truth that is hardcoded into the protocol itself which you can verify personally
adding an inscription to 1 sat only increases the *perceived* value based on the Greater Fool Theory
the protocol recognizes 1 sat = 1 sat because #Bitcoin is meant to be anti-inflation, censorship resistant, decentralized money and that is infinitely more valuable then any inscription.
