packed room for ordinals workshop at bitcoin park with rodarmor leading the session 🤙
What do you think about ordinals?
Don’t really understand how they work, think historically NFTs have mostly been scams, assumption should have been that blocks would always be full regardless.
People using witness space to store jpegs and arbitrary data in taproot inputs and pushing some blocks to 4MB and increasing the mempool with the trash. essentially nfts (^ inscriptions), on-chain, tied to a sat numbering/tracking arbitrary system (ordinals). and of course paying 1/4 the fee since witness is 0.25vb per 1b
I watched an earlier video workshop of his and I get the theory at least. What concerns me is that like gold and other commodities, they aren’t supposed to be serialized as they are 100% fungible. Once we serialize every single Sat, can you imagine when govts start to censor transactions because maybe you have a single Sat that was marked as stolen or scammed at one point in its history? There technically isn’t any token on the Bitcoin network, it’s all UTXOs. I like the technology, but don’t think this is where/how it should be used. Give us a follow up afterwards.
I love it when you make "maxis" screech and cry, never change.
😎
Following this whole comment thread, because this debate and these debaters matter.
My 2 sats #[5]