It’s been about 2 months since ordinal inscriptions got deployed on the Bitcoin mainnet and a market seems to develop around these digital collectibles.
But why is this happening? Why would a bitcoiner, who is best known for being frugal with money, spend 1 BTC on a rock or wizard?
The answer is simple: inscriptions have attracted the attention of new users who previously didn’t care much about Bitcoin. But now that they can issue and trade collectibles on the most secure network in the world, they built a market around in. Which should be great for both the market (which sees increased demand for BTC) and the Bitcoin miners who collect more transaction fees.
Listen to S13 E3 with @rodarmor on YouTube, Spotify & Apple Podcasts 🔥