Oddbean new post about login | logout "Bitcoin is not for storing data" takes a bit of subjective gymnastics. Bitcoin is literally a database. It's just the least performant database ever invented with some unique properties as a result. As I've said for some time, whenever you have a database and a scripting language, you're going to have crafty devs figure out how to leverage it in unintended ways. Trying to stop them turns into a game of whack-a-mole.
Perhaps the worthiest game of whack-a-mole ever played?
Ordinals will die as on-chain fees rise beyond the overall RoR of their value OR people finally realize how truly retarded the concept is. Whichever comes first.
I tend to agree. The economics should work themselves out without need for intervention.
I am more of the opinion that yes, Ordinals and the other BRC-20 garbage will get priced out of Bitcoin's real value proposition as sound money, but there is also nothing wrong with a mining pool deciding that they don't want to participate in perpetuating their existence in the meantime. Recognizing that inscriptions will almost certainly continue to be included by other pools, yet they have the right to say, "Not in the blocks we mine, and anyone who agrees with that stance is welcome to mine with us. If you don't, that's fine, too. There are plenty of other pools that would be happy to have you."