Nostr

Makes sense that L1 isn’t altered. Regarding the “lens”…who can use it and what can the use it for? Could hackers, chain analysis firms or state actors use the lens to track individual sats?

🤙🏼⚡️ 2y ago

Chainalysis already tracks individual sats. How does this affect fungibility?

Replying to

Monero Mage

I'm not sure it really matters that it is "external". Because at any moment anyone can choose to look thru the ordinal "lens" or point of view and track an inscription tied to the actual bitcoin protocol. It leaks into real world consequences.

1 sat can be sold for 100,000,000 sats. I don't see how this is not blatantly non-fungible.

This is how I understand it at least. Lmk if I am wrong and why. Haven't done a deep enough dive.

🤙🏼⚡️ 2y ago

https://www.podpage.com/citadeldispatch/cd91-ordinal-inscriptions-with-casey-rodarmor/

🤙🏼⚡️ 2y ago

Are some sats more equal than others?!? #ordinals

Replying to

jack

pv

🤙🏼⚡️ 2y ago

zappening? 🤙🏼⚡️

Replying to

hopfield

#Fungibility is the property of a good or a commodity whose individual units are essentially interchangeable, and each of whose parts is indistinguishable from any other part.

Listening to a lot of #bitcoin podcasts trying to understand #ordinals and their ramifications. Nearly all are saying ordinals don’t affect fungibility, then move the discussion to block size, miners fees, etc. w/o giving any further explanation.

But according to the ordinals website, all 2.1 quadrillion sats can be identified, numbered and tracked, presumably making them distinguishable (vs. indistinguishable).

Who can provide additional clarity on ordinals and fungibility? Any resources you can point to would be helpful.

Reference:

https://docs.ordinals.com/overview.html

🤙🏼⚡️ 2y ago

Ordinals and the numbering of sats are a psychological thing, they’re an external lens in which you view L1, doesn’t change anything at the protocol level, you can ignore it if you want to.

Replying to

pitiunited

GM 🌥️☕️

🤙🏼⚡️ 2y ago

Gm 🤙🏼

Replying to

JC 🪐💾🌄📚

Gm & pv nostr ☕️💜

🤙🏼⚡️ 2y ago

Gm, zappening?⚡️🤣🤙🏼

🤙🏼⚡️ 2y ago

Government!! 👿 😈👹👺

https://youtu.be/lVU8e2FKVZs

Replying to

Stacker News

Yeehaw 🤠

🤙🏼⚡️ 2y ago

Yo!! 🤙🏼

Replying to

₿ Didi Taihuttu ₿ ALLIN

I feel amazing about decentralized social media and wanna sent some sats to spread the positive vibe and show the power of #Nostr!!

I will send 10000 sats to the first 100 that Repost this post 👊🏼

🤙🏼⚡️ 2y ago

lnbc100u1p37h6g0pp5g50wj7y0ymyq9xv3s2exyh2ghjkhktn56empwst9k829nequqyasdqu2askcmr9wssx7e3q2dshgmmndp5scqzpgxqyz5vqsp55r79vq4vl0akpy6cvagxl8ckvg5evtnl0vgxlmtpqfyq07dqxh8q9qyyssqezaazl7hutx9q2ta5e7rmajm5ntu7569xxzpdngxcu4gn5d9hlyqp9l697ckml933qnhpt33x80ed7lwz2w8wdja4n5r2u55wp7u5tcqznmqdn

🤙🏼⚡️🤙🏼

Replying to Change this if you want

I started seeing more plebs from twitter joining nostr 🤔 Smart!

🤙🏼⚡️ 2y ago

So much more fun than Twitter!!

🤙🏼⚡️ 2y ago

Nostr will allow the camel bird to fly!! 🤙🏼🤙🏼🤙🏼

Replying to