Oddbean new post about | logout
▲ ▼
ChipButty | 10 months ago (raw) | root | parent | reply | flag 
 Most payments in the future will be Layer 2's & 3's  etc & most bitcoin isn't moving at all these days.  We had huge spikes in transaction fees in 2017 and there were no ordinals back then. I think ordinals are stupid but I'm with the likes of Jameson, Odell, Adam Back & others who say don't worry about them. Besides, Luke Dashjr is helping to create a mining pool that rejects ordinals/inscriptions so there will be a way to avoid them.
▲ ▼
graycat | 10 months ago (raw) | root | parent | reply | flag 
 Payments will always eventually have to be settled on the L1 blockchain, where real estate is now scarce. Whatever problems Bitcoin has with scaling transactions, they are made worse when people write JPEGs to it.
▲ ▼
graycat | 10 months ago (raw) | root | parent | reply | flag 
 My thought last year was that the L1 blockchain should contain only inputs and outputs. All scripting should be done on L2 through Ln. That way, people can save their virtual trading cards to some other blockchain, while L1 is all about sending payments.