Nostr

maybe this is a hot take but i think it would be a worse look for bitcoin magazine to demonize inscriptions and not engage with it.

inscriptions follow consensus rules and are a part of bitcoin and the culture (like it or not), which is what the magazine reports on.

taking a hard stance against something that is intrinsic to the protocol would be weirdly biased and authoritarian coming from a magazine whose mandate is to report on bitcoin and anything related to it.

i’m sure they’d platform opposing views on inscriptions if anyone wanted to offer a compelling and objective argument, but it seems like most people just want to screech and complain.

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Discussion

Derek Ross 2y ago

reporting on the culture is one thing, i feel this is much different though.

B.O.P 2y ago

Selling 1 sat for 1 BTC+ they know what they’re doing.

🫎 2y ago

As scummy as it is.. I can't really blame them.. bitcoin is pure game theory and they are playing the game.

It's a scummy way to play the game.. but bitcoin is amoral to that.

🫎 2y ago

I doubt anyone at bitcoin magazine has even read softwar.. cause they sure haven't been talking about it. As someone who has read it.. that's fucking sus.

Derek Ross 2y ago

they should report on it, just like any other successful bitcoin themed book.

🫎 2y ago

Exactly.. and it's sus that they arent.. instead they are ripping people off.. so you end up asking yourself who are these people and are they really down for the cause.

B.O.P 2y ago

It’s just disingenuous to sell. There’s moral reasons not to sell ordinals, different than “code is law”. It’s a scam. That’s it.

B.O.P 2y ago

Selling 1 sat for 1+ Btc is a scam no matter how you phrase it

HoloKat 2y ago

Report? Sure. Actually participating? Nah.

Also, was there really consensus for NFTs on bitcoin? I’d say no.

🫎 2y ago

Inscriptions are not "intrinsic" to the protocol, the only thing intrinsic to the protocol is what's described in the whitepaper.

Not even LN is intrinsic to the protocol.

The base layer is the only thing intrinsic.

MT⚡️ 2y ago

LN is an L2. inscriptions are written on the base layer.

🫎 2y ago

If you have time, explain to me how an inscription works? I'm asking earnestly.

danny 2y ago

I have to admit I don’t enough on the technical side to understand it’s impact (I’m sure someone can ELI5 to me!) but from a use case, it’s just a rich kid clique like the wizard crap.

BTC Mag should definitely report and if they can make money from this that they invest in the business to continue to support adoption: that’s a win?

B.O.P 2y ago

But at what cost?

An ordinal is 1 sat with this picture on it. They are selling this 1 sat for 1 BTC+ and normalizing this behavior

danny 2y ago

It’s a good point, I don’t know. But who are the people buying these? People with more money the sense. You don’t casually drop 30k on a picture if you’re hard up. Rich kid clique.