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Replying to Avatar ODELL

I do not think inscriptions are “bad for bitcoin.” They are valid fee paying transactions, that cannot be blocked even if you dislike their use, and may have significant censorship resistant use cases going forward such as preserving important books, code, and other data. That said, inscriptions cannot be transferred unless you believe in the bullshit "ordinal theory.” It is the sales that are a concern, uneducated users being targeted by promoters who rather than disclose the tradeoffs choose to gaslight any of us who speak up.

So many important things to focus on but without fail, year after year, the focus turns to get rich quick schemes and dumping garbage on retail.

You should listen to my Citadel Dispatch with Casey. I did not go easy on him, I take the responsibility that comes with my platform seriously, and have been consistent in my thoughts for years.

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Bitcoin Samurai 2y ago

If a bitcoin has an inscription (graffiti) on it, does it become more valuable? If not then it doesn't matter, else it will affect bitcoin's fungibility as money.

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