Nostr Web Client

only pointing that - any NFT (physical / digital) only have value so long is recognized by law within certain jurisdiction or else it can be worthless token

₿itcoin 2y ago

#Bitcoin:

Scarcity based upon network and economic incentives that everyone follows because of free will.

#ordinals:

Scarcity based upon the content directly uploaded upon the blockchain which clutters the blockchain.

#NFT:

"Scarcity" based upon storing a link on the blockchain to a provider. There is no scarcity. The only way this could practically work is when people are forced to play along with it.

#fiat:

No scarcity, they can manipulate it, take it away, you are forced to use it. Oh and $X trillion of debt.

Use your mind.

nostr:nevent1qqsvzue2vuxn62ff2l0sfvuyh3g4tpfrw9ynkedh6xh3fh0uptq9aqqpz3mhxue69uhkummnw3ezummcw3ezuer9wcpzqhjlc9p5ey5teh96d7qpskw4ywp5zzfjjxvql5mwxwm5zcun6k3vqvzqqqqqqy4n36wa

Reply to this note

Please Login to reply.

Discussion

captjack 🏴‍☠️✨💜 2y ago

**NO scarcity of NFT*** since a token link any physical or digital asset can issued in multiple chains n multiple times - same a book with diff serial nos can printed unlimited times

₿itcoin 2y ago

True

₿itcoin 2y ago

Which is why I said "There is no scarcity". :)

kidwarp 2y ago

I just want to clarify not all ntfs are just links.

Some are actually stored all on chain.

₿itcoin 2y ago

And then there is the actual properties and network and economic effects of the chain that slip in the conversation.

kidwarp 2y ago

What is the difference between an inscription & an ntf?

captjack 🏴‍☠️✨💜 2y ago

just a technique of doing it (i can be wrong)

kidwarp 2y ago

I genuinely just wonder? Lol

₿itcoin 2y ago

With an inscription, you use the native "objects" (transactions) to create digital arbitrary data that can be any file, as long as it doesn't break the consensus rules.

An inscription is thus generally a file that consists of Bitcoin native onchain data, organized and linked together in such a way that others can see what this should represents.

kidwarp 2y ago

Is that different from on chain nft on eth?

captjack 🏴‍☠️✨💜 2y ago

token on different chains are issued using different techniques n scripts - dig how taproot will ddo this and how liquid chain is doing

kidwarp 2y ago

Xcp is going to integrate lightning network

RealJohnDoe 2y ago

We're going to Murder! #inscriptions #ordinals #nfts etc. Drop #TapRoot, and probably suspend #transaction #fees indefinitely.

#Bitcoin doesn't need them, and they're just being used to abuse Bitcoin and its users..💀

captjack 🏴‍☠️✨💜 2y ago

thats plan - drive out ordinals

captjack 🏴‍☠️✨💜 2y ago

do it drive or side chains - not on mainnet

RealJohnDoe 2y ago

The @devil's in the detail. But whatever is done it can't be allowed to compromise Bitcoin in anymore.

If it does, it has to be killed in #Bitcoin..💀⚰️