Ordinals is not a protocol. It is a scheme. The usefulness of inscriptions is debateable but not because of Ordinals, because of Bitcoin. Bitcoin provides the immutable chronological storage of transaction data. Ordinaks just sit on the sideline playing a game that purports to track that data. Big difference from being an open protocol akin to Bitcoin, Lightning, or even Nostr.
And what is worse, the game it plays is to break fungibility. In its game each sat is different and unique.
Please Login to reply.
No replies yet.
