If Ordinals catches on like BTC caught on, it'll create a free & clear arbitrage opportunity for anyone on the inscribing end of these blocks.

Imagine a cartel of Amazon, MSFT, and , all colluding with a pool to inscribe BTC with a "Big4-flavored" inscription granting you discounts, access, rights, etc.

This creates an obvious monetary increase.

1 sat = 1 sat

1 Big4 sat = 1.3 sat,

for example

If we figure ordinal support isn't ubiquitous yet, most users will consider their Big4 sats indistinguishable from standard sats. And they'll spend them as such. While the insiders are selling them off into the market.

This is not very different from mints and offerings we've seen the last few years. But worse, it can be nearly 100% transparent. We see mining rigs' work & outputs, but we can't see how all mining rigs are conducting business and where their profits are being generated.