Curious to hear folks’ takes on this. I think Jameson’s position is a reasonable one: the economics will work themselves out in the free market. He also provides very necessary historical context on inscriptions and explains how Ordinals are separate from that, functioning as a meta-protocol.
If you like the clip, you can listen to the full episode wherever you get your podcasts: https://bitcoinpodcast.net/podcast nostr:note1x4ypf7y6dv69jecg9snp2u9d8aq72dwl440cdxjrda5rz8hchz3sx9pfw0
I concur with nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp. Its in line with what was mentioned on the dev list back in January. Inscriptions will price themself out.
100%. I think it's foolish to change the protocol to censor ordinals at this point, as there may be a use case in the future that really benefits from the network's security.
Every shit coin goes to zero and ordinals will as well
I think they will run out of money on their own.
A helpful thought experiment to me is to imagine what if inscriptions were all actual transactional data. That would make no difference and basically reflects the future fee environment.
