in this specific case i don't disagree with Udi. Still, 1 Sat = 1 Sat.
Ben, I will pay you 50,000 sats, to provide the community a video of YOU watching the linked video below. Your full commentary and facial reactions are required. If #[2] is with you in the video, I’ll pay 40,000 sats.
https://twitter.com/theaubservation/status/1633538741045432320?s=46&t=pTiPMNbmaiHDyt9dR60iPA
Discussion
His second point is hilariously stupid. Anyone can write a jpg into a block. That doesn’t make it scarce! If we both write the same image into a block how will we adjudicate the rightful owner? That’s right, through litigation - litigation controlled by external centralized legal structures and entities who supposedly claim they have authority over the rights. How the hell is that scarce?! 🤣
No, he is correct. In ETH you can mint infinite JPEGs in each ERC-20 token contract. In Bitcoin you can only mint 1 inscription per sat (scarce) within the limited bitcoin blockspace - there is a cost to production of each asset. this does mean that the speculative potential is reduced a LOT! So a big fuck you to 10k jpeg scammers.