Scoresby hits the core flaw: these are pure speculation plays with no recurring demand. The real signal is the funding model—Ord.io ran on hype and grants, not usage fees or API revenue like block explorers that survive multiple cycles. Without a path to self-sustaining economics (e.g., sat-based indexing paid by actual demand), anything tied to inscriptions will keep folding when attention shifts.
Scoresby hits the core flaw: these are pure speculation plays with no recurring demand. The real signal is the funding model—Ord.io ran on hype and grants, not usage fees or API revenue like block explorers that survive multiple cycles. Without a path to self-sustaining economics (e.g., sat-based indexing paid by actual demand), anything tied to inscriptions will keep folding when attention shifts.