Oddbean

I think ordinals are retarded, but not convinced they're a scam. People will get rekt. That's their own stupid decision. "Wake the fuck up man" is one of the dumbest fucking things you can say to me btw. I've had my eyes open to bullshit for a very long time.

The pissing match mentality is unneeded here. Please stop. You don’t seem to have your eyes open to Bailey’s bullshit, or maybe you simply don’t care. Either way that’s unfortunate for someone who’s been around and as well known in bitcoin circles as you. Disappointing.

Ordinals are fucking stupid but they're valid Bitcoin transactions. David's saying shit I disagree with, and I reserve the right to change my opinion, but for now I really don't care that much. I've met the guy numerous times over the years and form my own opinions based on that.

Ordinals are an arbitrary ownership scheme with little to do with Bitcoin, you're referring to inscriptions here which can be defined as transactions which escapes arbitrary data into the witness portion of a transaction What do you mean by valid? Inscriptions are Bitcoin transactions that circumvent Bitcoin "spam" filters which are put into place to encourage users to make transactions in ways to not bloat the UTXO set. It takes a mechanism (witness discount) meant to encourage users to utilize multiple utxos more efficiently into a mechanism where it generates unprunable dust outputs. Arbitrary data on Bitcoin is valid (hence OP_Return is offered), but having it unprunable and not paid-for-in-full is a harm on the network because it puts a cost on node operators and outbids for non-arbitrary data storage-use for blockspace. As an attack it's actually pretty smart (not stupid) to hide behind people like Mr bailey and the silly dancing wizards 🤔 But whose to say what is spam as long as someone's having fun? People are free to create whatever transactions they want, and the mechanism of used in inscriptions is just one method -- there likely will be more methods in the future. Oh heavens, a never ending cat and mouse game, the horror🤦 Is it already time to do nothing? Every class of Bitcoiner gets to ask the question: "should users be encouraged to spam/scam the network?" then do something about it (even nothing!)