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450 sats \ 0 replies \ @faithandcredit 1 May 2023 \ on: Ordinals Hitting All-Time Highs bitcoin
Its not a good situation. In my opinion this kind of concept has similar consequences like money printing or artificially lowering interest rates. Because what these ordinals are doing is pushing away users that do payments, imo, and it looks very good because wow Ordinals are providing significant fee revenue for miners, but its not going to last imo. And when the ordinals party ends there is going to be a fee vacuum. But lets see.