Ordinals is shitcoin ! Digital picture can’t cost a lot of money! It’s created within couple of hours! It’s scam! With AI you can prompt it even faster ! Prove me wrong!
Discussion
Everything is good for bitcoin sir.
No
Either bitcoin is anti fragile or it’s not.
I think it is anti fragile.
this is what happens when you huff the hopium farts too much.
HoneyBadger bites off Cobra's head and eats it, venom and all
Then rolls over on his back, feet up, and motionless...
Later, waking from his astral dream he stumbles back to carry off Cobra's headless body for his children to eat
HoneyBadger cares not about venom
from the Tales of the HoneyBadger #[2]
IMO anti fragility is not a binary thing. It depends on the whole community also, not only on the software. If wrong ideas spread into Bitcoin community then Bitcoin can become more fragile. I think ordinals and inscriptions are bad: ordinals proposes a way to break fungibility. Inscriptions gives enemies the opportunity to inscribe “bad jpegs” to allow states to forbid running full nodes. That’s an attack vector that I hope is never used but now it exists and is easy. Also it pushes unwanted MB on lots of node users.
I think the “it’s not spam bc they pay the fees” is a wrong idea that hurts anti fragility. Does not kill it but hurts it.
Even if the digital art is worth money the ordinal of it is not
I just listened to the bitcoin.review podcast and now I'm not so sure it's a scam. Don't get me wrong, jpegs are not scarce, but the ordinals are more interesting than I originally thought.
Why would you spend a lot of bitcoin to buy one picture that was created within couple of hours?!
I would not do that, but it seems the ordinal creator wants eth heads to assimilate into bitcoin culture. That's what he said anyway.
A provable receipt for a digital picture is dumb, I think. But provable receipts for other things could be very cool.
For example, a provable receipt issued by your favorite band that gives you free backstage access to all their concerts. You could use it when the band is in town, and then sell it to the next person in the next town. The band could program a small royalty every time the pass changes hands. Possibilities are limitless.
You don’t need bitcoin for this!
Generally agree. I'm just thinking there may be a use case for high value receipts where it makes sense to secure them on the most secure ledger.
A sat is just data. I think it's easy to make the case that there can be data more valuable than a sat.
No
Wait till the Ordinals folk hear about Nostr badges. They are going to feel 🤪
Ordinals are just an unforseen side effect of SegWit adoption. Polluting purity of Bitcoin protocol is dengerous and should be avoided at all cost.