Shitcoiners are way more wealthy, numerous, susceptible to FOMO and willing to accept high fees in a bull market. By orders of magnitude.

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.

No, it makes it worse. WAYYYYYY worse.

Ordinal Inscribers are now paying Bitcoin mining pools to construct blocks for them with zero or minimal financial transactions, so that all of their images get inscribed in sequential order. They are not using the normal block construction methods. They are including these in the next block over the counter or behind closed doors. This has happened 3 times so far with 3 different pools. Luxor, Foundry, and the latest one was from Terra Pool. These out of band blocks are creating a secondary marketplace outside of Bitcoin's normal block construction methods. Miners are now talking about selling blocks before they are found. Thoughts?