I used to not care about ordinals, but after hearing Saylor’s latest comments I think their proof-of-concept is good for bitcoin.
There will be demand in the future for crypto signed messages that are immutable as the firehouse of misinformation grows. Fees to produce such messages will eventually surpass the block reward.
Bullish.
Check out the fees on block 788695.
There are many uses for inscriptions. Images are just focus because of NFT cringe dump. But others have put
- short text fragments that won't fit in op_return
- short videos
- original music
- small JavaScript based web games
- layered/composite images
- lengthier documents (the Bitcoin white paper was stored multiple times despite already have been available for about a decade before inscriptions)
I still anticipate businesses around
- Name a sat (of name a star vibes)
- Event ticket receipts for memorabilia
- General advertisements (there's some already, but mostly crypto focused)
- Holiday greetings, Birth Announcements, Wedding and Death notices, Last Will and Testament
- Eventual attributes reuse across gaming worlds (though honestly this is far better done under Liquid)
- More artifact archives, recording of physical world events, locations
- Pinning Digital IDs, or other data of public interest.
IMHO developers actively working to try to prevent this are not only an impediment to Bitcoin adoption, but also attacking the ecosystem and trying to enact centralized control by affinity.
