Ordinals thought(s) \ stacker news ~bitcoin

110 sats \ 14 comments \ @ncryppt 20 Feb 2023 bitcoin

Im not well versed enough with the whole "ordinal nft" wave that seems to be clogging the mempool, but I don't like it. It feels off, almost as if it's some bad actors trying to hijack bitcoin. I don't really have data (or a good enough understanding of the situation) to back this up, it's just a gut feeling.

What are your thoughts on this situation? What do you think will happen? I have been hearing the word soft-fork being thrown around as well as ordinals will come and go like any other NFT/shitcoin rug.

Curious what y'all are thinking.

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11 sats \ 1 reply \ @Privilege 20 Feb 2023

Taking something so amazing like BItcoin and screw it with ape jpegs. We don’t deserve freedom.

1 sat \ 0 replies \ @ncryppt OP 20 Feb 2023

Honestly, that's the "vibe" im getting.

110 sats \ 0 replies \ @mallardshead 20 Feb 2023

Not sure what they've changed about anything other than providing more miner revenue. Fees are low, transactions take around the same confirmation time, and we still have had an empty block here and there. They've also brought a bunch more full-nodes online and significant speculative interest. The real issues are all a layer up on the LN. L1 doesn't need anything.

0 sats \ 10 replies \ @JakeBlockchain 20 Feb 2023

Personally I love it. Bitcoin builder culture was getting bland and dogmatic. This has brought energy back.

Plus, The only way Bitcoin survives long term is with some combination of a super healthy fee market and layers built on top with use-cases that settle downwards. This is one example of that.

0 sats \ 0 replies \ @Eximpius 20 Feb 2023

This guys a shill pushing a scam wallet he must be involved with

0 sats \ 8 replies \ @mallardshead 20 Feb 2023

First part is accurate. Second part not so much. The fee market security budget issue has turned into a talking point almost as bad as the quantum computer.

0 sats \ 7 replies \ @JakeBlockchain 20 Feb 2023

Wheres the best reading on this that it has been solved?

0 sats \ 6 replies \ @mallardshead 20 Feb 2023

Atlas Blocks

10 sats \ 5 replies \ @JakeBlockchain 20 Feb 2023

You have a link? Quick google seach didnt yield anything I could find on security.

0 sats \ 4 replies \ @mallardshead 20 Feb 2023

Atlas Blocks is a short essay. Argues the converging solution for US short-term debt, the homographic change of the mining economy of scale, money velocity, and censorship resistance through Atlas Blocks.