Nice analysis #[4] of the new lame game being played on #Bitcoin, Ordinals and inscriptions.
-when have you ever cared about a serial number
-inscriptions aren’t unique, copy pasta inscribe next block
Discussion
You care about serial numbers, they're just built into products that hide them. The same can be done for ordinals (inscriptions)
People value all sorts of things for seemingly arbitrary reasons. I don't care much, but other ppl will value these things
Would you share what items I am using that I value the serial number of?
I’m not claiming serial numbers as unique identifiers have no value. Nostr event ids are a useful example. Database indexes another.
It’s more around in day to day life, when did you ever check the serial number on your fiat bank note when someone paid you? Never.
Sure, perhaps that’s hard to look up and easier with a Bitcoin system - however you don’t need to check an ordinal sat number to check if you now hold newly transferred Bitcoin. No Bitcoin wallet has to check the ordinal to verify payment success.
The issue is basically digital goods are fungible (copy + paste, now which is the original? Do you care?). Serial numbers are there to make goods non-fungible (you can’t swap two things and not be able to detect that).
Outcome, Ordinals are just some arbitrary mapping using some statistical uniqueness to apply potential perceived value, which will only ever be intangible, and unless you collect postal stamps, you likely shouldn’t care.
Side note: unless you have a centralised authority that signs the authenticity of an inscribed ordinal, in a decentralised world, inscriptions are lacklustre.
You're being narrow-minded about why people value things.
People won't care about the serial number of their sat, they'll care about the (arbitrarily defined) rarity, the alphabetical name assigned, the inscriptions added.
All arbitrary things. All things people already do, and probably will value for the same reason people value baseball cards, old coins, and other arbitrary status symbols.
Imo the "copy paste/right click save" meme overlooks why people value things. Google images didn't destroy art.
Items that are easily copy-pastable retain value due to people caring about which copy was the original, an implicit serial number.