What we will see in the coming years is the market valuing permanent, immutable publication of arbitrary data vs permanent, immutable publication of updates to a ledger. How does capital value these two against each other?
Another question is how do humans value these two against each other. As capital is concentrated in just a few hands… that is a very different question.
I’m uncertain on both.
Troy dude come on why do you always gotta serve up the 🤯🤯🤯
Not sure I follow, what would be an example of arbitrary data?
Wikileaks docs, a marriage proposal, or jpegs.
Ah I see, the ordinals dilemma.
Just because you can store something on Bitcoin’s immutable ledger to establish a sense of “permanence”… may not mean you should or that it’s economically viable to do so… but in the end it’s the individual’s choice to make.
Many in society may want to leave a legacy. Do you believe ordinals may be a way to inscribe themselves for future generations?
If you think through the scope of human history… what information have we taken the most pains to preserve through time? It isn’t actually transactions, although they are among the earliest records we have. Usually it is records of achievements. That’s the content dominating monumental architecture.
So many disanalogies here we shouldn’t draw any conclusions. But we should keep an open mind.
CPI
