Have you seen the mempool and transaction fee floor lately? They are consuming large amounts of blockspace. In the past it was not impolitic to consider using the chain as storage to be bad. I don’t see why we should stop that tradition; maybe some people feel intellectually obligated to defend th...

Probably bad for bitcoin as money. But true to the nature of bitcoin being open and decentralized

https://i.imgur.com/b3g6pkj.jpg

Make a distinction between ordinals and inscriptions. Ordinals are an external mechanism provide a social valuation model. Doesn't make any sense IMO. Inscriptions: add monkey jpegs to the blockchain. This was always possible, just got cheaper with taproot.

Ordinals - just an arbitrary scheme for agreeing on a number for each sat. Bitcoin equivalent of collecting coins or banknotes that have some significance to you, really nothing at all here for people to get upset about. Ignore if you want to, have fun with it if you want to. Inscriptions - differe...

Ordinals are old news. Check out Extraordinals with LIFO and multipled by two. They are twice better!

The best way to permanently broadcast your stupidity.

First, i'd explain the difference between Ordinals and Inscription. Semantics matters

One thing that I’m sure of is that I don’t find them very original.

Have Casey on or bust

Tick tock next block. This is what we signed up for. High fees will incentivize lightning and more efficient use of block space. NFTs are garbage IMHO, which is why I choose not to waste my sats on them. But bitcoin operates in a free market, I am just one opinion.

The good: hard to find any, but this does throw down the gauntlet to developers who care about “real” transactions on Bitcoin. Those use cases need to be made compelling enough for people to be willing to pay the higher fee to crowd out inscriptions The bad: There are monke jpegs on the timecha...

The good... everything is good for Bitcoin. I've had dozens of Ethereum and NFT people reach out to me about running nodes. They are learning about UTXOs. There are a lot of positives with this. Ethereum and Solana won't be around, nor with the web sites hosting their NFTs in a decade. Bitcoin will ...

I just installed the newest beta of MyNode where I can install a custom Bitcoin version named Ordisrespector v24.0.1. After that I only see a portion of the mempool and no more Ordinals on my node. 😉 I think you should talk about this option too. https://void.cat/d/Qv8Q46zpMtb3ipZBzLp7Xt.webp

Day 1 I was very concerned... Now not so much. Jpeggers are running nodes, learning utxo control, its silly to me that jpegs brought people in.. But people coming to bitcoin is good. Even with the discounted hlockspace for segwit - financial transactions are so much smaller that increases in sat/v...

The good: more people are learning about Bitcoin, UTXO, mempool and nodes. The bad: Bitcoin is not a filesystem, however if a bunch of jpegs can spam and flood the chain, can you imagine what a well organised state or bad actor can do? These attacks are good for making Bitcoin more resilient.

Two things: 1) Escalating fees were always predicted as inevitable with a busier network, and in fact desired as a means of supporting miners. We aren’t going back, but that’s ok; 2) I think of inscriptions as analogous to unique coins in traditional money — coins that were minted with an aest...

The bad: https://i.imgur.com/1ooVfLs.jpg