When Nostr Spaces? Would much rather be ranting & getting this heated with yall 😅

I do with coffee all day, works like a charm

Don't like BRC-20 spam on Bitcoin? Here comes ORC-20! 😂

Took a drive through the mountains yesterday 🤩

Is this apocryphal platform a place where only Bitcoin Maxis are hanging out?

I want to clarify this because I am not a bitcoiner, just a person who believe in the fredom, future of money and crypto-economy as a whole.

Not let "news" affect you, I think it's a good thing.

iykyk

G'day #nostr

Are we witnessing a fee attack of some sort ?

Would cost just a few mil by day..

No, that isn't how it works. Miners can't flood blocks with ordinals without losing money in the long run. Imagine winning a 6 bitcoin block reward and spending 3 bitcoin to fill the block with garbage. The energy costs and miner costs would go into the red, unsustainable.

Writing ordinals has been possible for years, but with Twitter you get a lot of idiots that think it's cool, so you get a passing fad.

If the government want to kill #bitcoin they will use #Ordinals to do it! and they have lots of BTC to do it.

Ffs what is wrong with people !

Ordinals will make this worse, crowding out everyday transactions. ETH had the same issue with gas fees. Let's adjust ordinal cost to reflect the true cost of blockchain data

If Ordinals catches on like BTC caught on, it'll create a free & clear arbitrage opportunity for anyone on the inscribing end of these blocks.

Imagine a cartel of Amazon, MSFT, and , all colluding with a pool to inscribe BTC with a "Big4-flavored" inscription granting you discounts, access, rights, etc.

This creates an obvious monetary increase.

1 sat = 1 sat

1 Big4 sat = 1.3 sat,

for example

If we figure ordinal support isn't ubiquitous yet, most users will consider their Big4 sats indistinguishable from standard sats. And they'll spend them as such. While the insiders are selling them off into the market.

This is not very different from mints and offerings we've seen the last few years. But worse, it can be nearly 100% transparent. We see mining rigs' work & outputs, but we can't see how all mining rigs are conducting business and where their profits are being generated.

Brc 20?

What in the fuck?