Check out my first article: “Gold, Ordinals, and Fungibility”
https://medium.com/@chrisguida/gold-ordinals-and-fungibility-3e84707937ad
Check out my first article: “Gold, Ordinals, and Fungibility”
https://medium.com/@chrisguida/gold-ordinals-and-fungibility-3e84707937ad
Hello everybody! Just sent Chris his first 1K zap #[0] (he’s been away for a few weeks coding great #[1] just had to explain him how zaps work with all urls included🤣)
Can you please zap the shit out of him, to show him what it’s all about? He missed out on couple weeks of action 🤙
#[2]
Interesting take, Chris. I do disagree with it pretty much completely.
Fungibility is a highly desirable feature of money.
Physical gold is the closest we’ve historically come to having a trust less ledger, until Bitcoin. Intrinsic value is, if anything, an obstacle to how good a commodity can act as money.
And since bitcoins are just numbers, they have zero inherent value and function perfectly as the monetary units in the trustless ledger that is Bitcoin.
> the use of Ordinals to mark certain satoshis as “NFTs” is granting this property to bitcoin
Sorry but no, it does not. Satoshis are fungible. Pretending they are non-fungible does not make it so. https://maxmoney.substack.com/p/ordinals-and-inscriptions-improvement