Who actually uses Ordinals? 🤔 \ stacker news ~bitcoin

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3743 sats \ 26 comments \ @SatoshisSkeleton 2 Sep 2023 bitcoin

I personally don't know any Bitcoiners or Crypto Bros who use them. 🤷

If you know of such person, please describe their thinking?

"Bro, this isn't just a monkey picture. It's a 3D gorilla, and it is totally different... because it has an inscription on... not just any blockchain! But in Bitcoin! Dude, this Sat is actually rare now... it's crazy. You can trade it later for up to 10x! Bro, this is like NFT's but so much better. There are so many marketplaces too!"

I did the math once for how many Sats will ever exist and my calculator needed a LETTER to explain it. 🙃

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76 sats \ 1 reply \ @AllCatsAreEvil 2 Sep 2023

All sats are rare...but yeah, ordinals...when I see the people punching them and their adversarial attitudes I can't help but assume they're here for the wrong reasons. If it doesn't improve efficiency or security and it's not directly related to the disintermediation of the central banks then what's the point? Even if they were totally harmless, it's still a pointless energy drain.

1 sat \ 0 replies \ @SatoshisSkeleton OP 2 Sep 2023

Hard to disagree with.

31 sats \ 3 replies \ @eduardopro 2 Sep 2023

The clowns faking the transaction volume and the scammers minting them.

10 sats \ 0 replies \ @iguano 2 Sep 2023

Is kind of obvious that someone is spamming right?

0 sats \ 0 replies \ @SatoshisSkeleton OP 2 Sep 2023

🤡🤠

0 sats \ 0 replies \ @SimpleStacker 2 Sep 2023

That's what I suspect to, but genuine question: is there evidence that the txn volume isn't organic?

11 sats \ 2 replies \ @RoundaboutStacker 2 Sep 2023

"I missed out on Bitcoin when it was 1 dollar a coin, I'm not going to miss out on this!"

0 sats \ 0 replies \ @ryu 3 Sep 2023

lmao

0 sats \ 0 replies \ @SatoshisSkeleton OP 2 Sep 2023

🥴

21 sats \ 0 replies \ @Believe 2 Sep 2023

It was just a hype

1 sat \ 1 reply \ @TheBTCManual 2 Sep 2023

Lol just dudes holding on to a narrative trying to sell you something to get your Bitcoin and sadly someone has to be stuck with the dud, in the end like any other market of a monetary good its losing value in bitcoin terms

While ordinals and shitcoins can increase in fiat terms which is where these people consider the win, getting more fiat, they opportunity cost of lost sats gets wider and wider, its just another test in conviction and a small loud cohort are failing at it

0 sats \ 0 replies \ @SatoshisSkeleton OP 2 Sep 2023

💯

0 sats \ 0 replies \ @designsats 2 Sep 2023

NFT people

0 sats \ 1 reply \ @danieltapa 2 Sep 2023

i'm not enforcing ordinals 'theory', but the idea is that 'some' sats are more rare than others.. like the first new-mined sat of a block.. or the first sat of an epoch (halving) and so on.. you know, humans..