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Replying to Avatar Low Information Voter

Thanks for sharing.

Interesting parallel you draw between, essentially, the economics of the British Crown's rule over the American colonies and the economics of Ordinals and similar non-currency layers grafted onto Bitcoin.

The Crown had high and essentially fixed costs that made it brittle in the face of an imperfect economic boycott.

I don't know much about the market for Ordinals, but I doubt it is remotely as vulnerable from a cost point of view.

Boycotts of Ordinals would drive up their costs only minimally as long as a small but meaningful percentage of hashing power does not participate in the boycott.

A boycott might more easily add considerable uncertainty to their settlement time, however, since it is essentially impossible to predict when a (presumably minority) Ordinal-friendly pool will find the next block.

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TK SuitCoin.exe 80HpW 2y ago

Thanks for the feedback but I think that a lot of the inscription hype has been generated by a small VC group of funders so if this is true and it isn't a long time Organically grown interest then the economics of it are as brittle as siphoning the VC money from the funders that would stop it altogether

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