So I've seen evidence that shitcoiners "mint" ordinals on Bitcoin then "resell" them for ETH.
The cognitive dissonance is astounding. Evidenced by extra steps.
No recent receipts. Just SMH at mempool.
Discussion
Run #Ordisrespector if your node supports it plebs 🙏
#[1]
Boosts miners and puts tightening pressure on sat availability. They have to pull from exchanges to make and trade ordinals.
The downside is it raises fee rates for all, and increases the size of the UTXO set.
I knew the foolishness would lead to unintended consequences.
I feared rushing a code "fix" would likewise have them too.
None of the downsides are exclusive to ordinals and inscriptions, but rather just being a key driver of them at present. The UTXO set increase can in part be resolved by consolidations of inscription collections into a single UTXO for those wanting to hold them long term.
But yes, a "fix" that prevents being able to make inscriptions following the OP_FALSE OP_IF ... structure would be worse in that a format using logically permissible would consume more space. The better fix is do nothing, have low time preference, and let fees and the effect of subsidy halving take their course.
You clearly had a deeper understanding of it than I do.
Not that I'm into the ordinals part of the rabbit hole.
UTXOs are ALWAYS worth learning more about though.