net net ordinals is a very positive phenomena

having placeholders for blockspace and a significant fees baseload, outside of periods of retail frenzy, motivates efficient use of blockspace and more developments of off-chain solutions, hopefully with covenants based structures in the future

we're still witnessing too many naive 0.00268017 BTC txns that are unsustainable in the long run and the users who make them better learn about alternatives sooner then later. better forget about the eventual 1 sat/byte now, before it's too late

there is no doubt that the highest value activities will eventually win the bid for blockspace. as long as there are enough degenerates willing to burn BTC on bullshit, might as well adapt to it and evolve ASAP

meanwhile a "security budget" is actually forming way before it is needed, when block subsidy diminishes. the "no one will use bitcoin" FUDsters turn into "bitcoin is too expensive" FUDsters in real-time