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OT | 10 months ago (raw) | root | parent | reply | flag 
 Do you think ordinals/BRC20 will be around in 2032 when the block reward is less than 1 bitcoin?

I'd say lightning channels & conjoins are the buyers of last resort. Ordinal/BRC20 will buy at ANY price, and have a high time preference (which is why it is spiking currently)
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Bit 🐳 Ish | 10 months ago (raw) | root | parent | reply | flag 
 I don't claim to see the future but I doubt it because I don't think they're economically viable. 

When I say ordinals are buyers of last resort, I really just mean that in the current environment. I definitely don't think they will always be the ones pushing up fees. The way I see it, regardless of the "how", the important part is the "what". What's happening are high fees. And high fees are proving (or battle hardening if you will) the network.

Probably could have worded it better and just called it mempool fillers of last resort, not fee payers of last resort.

If not ordinals, something else will come along. Whether that is institutional level money transfers on the base layer or something else.