No idea what that graphic means.
But the caption is 100%.
Discussion
That the transaction fees are low/normal again and that the mempool isn’t filled with jpegs/retardinal transactions.
Ohhhh. Haha
I took it to mean a bigger signal message.
On a philosophical level I love the idea of inscriptions. It's like grafitti or getting an old textbook (I'm 40) in high school and reading all the names of the previous custodians and seeing what some of them wrote.
The way inscriptions are written is potentially useful for content that needs to be censorship resistant. I won’t be surprised if that approach gets used in the future for something meaningful.
But ordinals and ordinal theory are stupid and they lost the confidence of the deluded due a bug that skipped a whole range of theoretically “special” sats. It amuses me how quickly it all collapsed.
Disagree.
Strip all morals and purpose out of it. Bitcoin doesn't care and neither should you or I.
Math and cryptography is all that matters.
If you have an issue with something, propose an update to core. If not, let it be. It's that simple.
If you don't like the math because it goes against your principles or hurts your feelers etc then propose a fix. Otherwise...
Period.
That's the point of Bitcoin. No arbitrary BS.
Right?
Right.
The part where it blurs is the misalignment of the incentives with miners taking side payments to process ordinals.
The #Bitcoin fee market is the only truly free market in the world and messing with that is criminal IMO.
I hope it doesn't present a problem in the future and we see mining pools captured and certain transactions processed ahead of others. Although I think miners would point hash to more "neutral" pools, I can foresee issues
Fair point. But as a paradox, any "free" market is totally free of any intervention. So, Ordinals, by your own logic, and the side mining issue, adheres to a freer market than shaming or banning them etc.
Market forces and consensus of the Core will dictate inscriptions. Pretty free IMO.
Free-er markets are not what we are here for. Totally free and transparent incentive structures are the goal IMO