0 sats \ 6 replies \ @tomlaies 5 May 2023 \ on: Inscription numbers off by one · casey/ord --- lol bitcoin
Does anybody else find it weird how nobody uses ordinals (feel indifferent about them at most) and yet there are so many of them in the blocks? Like who are these people? Do they even exist? What is going on?
It took me by surprise too. My guess is that most simply use Bitcoin as a savings vehicle, which doesn't require too many on-chain transactions. Personally I probably make 1-2 transactions per month (exchange withdrawals, channel management), with everything else done on Lightning.
Ordinals / transcriptions on the other hand demand a heavier on-chain footprint, so it doesn't take as many users to consume blockspace and jack up fee rates. It also attracts gamblers who perhaps don't care so much about paying excessive fees. And because NFTs and BRC-20s are so new, not many exchanges support them to handle trades off-chain.
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Wallet support groups seem to be full of them. Sparrow Wallet TG had to pin a message that this is not a Ordinals support group and everyone needs to DYOR. However, that didn't seem to help much.
Like who are these people?
Shitcoiners coming from other cryptos with basically no knowledge how bitcoin works (UTXOs etc.)
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I think this is illustrative of a major issue within bitcoin: shitcoiners coming back to bitcoin in search of a use case, however dumb, is a good thing. They should be welcomed and provided with information, education and resources, not jeered at, called stupid and mocked.
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They should be welcomed and provided with information, education and resources, not jeered at, called stupid and mocked.
I agree. But it's kind of hard and frustrating when they don't try to educate themselves. At least that's how it looks like: Just here for flipping JPEGs but don't really care to see the deeper stuff about bitcoin. Of course, I might be wrong.
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nah
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You have underestimated human stupidity.
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