I just realized that there is a lot I need to learn about Ordinals. While I don’t support the concept at all, but I am absolutely blank on what is the underlying tech that makes them work.
For example, I never knew that sats are “numbered” if a block reward gives for example 50 sats. The individual sats are numbered?
Is my understanding correct?
So if I send a Satoshi into a mixer, I can identify who has that specific Satoshi when it comes out?
It’s a shared hallucination based on numerology. It has no explicit meaning to bitcoin at the protocol level. This is separate from inscriptions which is putting data onto the blockchain. Combined you get NFTs and BRC-20 and whatnot. Imho, ordinals as a concept in numerology is interesting but tying them to inscriptions for JPEGs is meh at best. Ordinal theory can never go away, even if JPEGs stop being inscribed.
Thanks. I’ll read the handbook. 🙏
No. They are not numbered on a protocol level. Ordinals is an external protocol which uses a system of accounting to attempt and externally order them.
In accounting, there are many different standards to track input and outputs to a balance sheet. I haven’t cared enough to research ordinals, but I assume they use something like first in first out (FIFO) accounting and then extrapolate that through unbroken UTXOs.
Your coinjoin can still be ordered, but it’s arbitrary and doesn’t actually affect your privacy. Depending on the accounting protocol they use there are different interpretations of how sats are ordered.
sats aren’t numbered. I believe the ordinals program is what assigns them a number. So if you aren’t interested in ordinals, your sats are just sats. And their sats are just sats.
If someone told me their sat was special bc another program says it has a link to a website where I can look at a jpg, I would say I don’t care. It’s still just one sat.
