Or you can let me know if I'm dumb because we shouldn't use bitcoin for anything but bitcoin.
Algorithms. - Similar to algorithmia, but decentralized and no shit coins needed)
Physical asset titles. - Cars, houses, art (I'm actually putting my physical pieces on Ordinals)
Dao Tokens - Oh no shitcoin talk... Imagine a completely decentralized lightning node service where the people who download the software also own a piece of the company
Tradable profit splitting. - split incoming revenue with ordinal holders.
Put other crypto wallets on ordinals - Oh no what? more shitcoin talk? oh no. But what if you could use the non monetary features like blockchain frameworks (e.g. polkadot), not money, just permanent immutable ledger, and only use it with bitcoin? Oh the heresy, the horror! I should be hanged for writing this. no, I should be drawn and quartered for even thinking it.. But really, there are use cases for permanent immutable ledgers that lie outside of money. Like court transcriptions. Those would be very nice to know they haven't been tampered with. Your CarFax report could be on a blockchain. Then we wouldn't need to pay for CarFax.
Anyways. I'm bullish on Ordinals. What do y'all think about them?
tokens tokens tokens more tokens, tokenize everything... this is the mantra of the 'crypto' community around the ICO boom phase. I think you might be new this cycle, so you may not know history. None of these ideas are particularly novel or original, and have been raised and debunked ten thousand times. They all suck. Yes this is shitcoiner talk.
The fundamental problem is that more tokens don't add value. Ordinals, and other spam usage of the Bitcoin protocol is a value negative construct.
It reduces the throughput of the chain with non protocol noise, and makes the experience more expensive for protocol users.
By supporting them you are acting economically irrationally, as all out of protocol spam usage of Bitcoin has lead to ruin.
You should not be bullish on ordinals, they are at worst a total scam -- out of protocol trash, noise, spam -- or a coordinated attack to temporarily distract or slow down usage and adoption.
I think you might be new this cycle, so you may not know history. None of these ideas are particularly novel or original, and have been raised and debunked ten thousand times. They all suck. Yes this is shitcoiner talk.
I'm actually not new. I know the history and the tech. One of the main problems with regular NFT's and their 'debunked' use cases is their barrier to entry. Bitcoin is the best for sure. There really is no other coin that matters. It's the only one that would be worth using for regular currency, which means the biggest problem with NFT's (their barrier to entry) is hardly a problem anymore. There are really interesting business models that haven't even been discovered yet using tokens. I'm not talking about internet business either. I mean the real world. Mass adoption wont happen unless using bitcoin is logistically better. Not just ideologically. Ordinals open the door for that.
or a coordinated attack to temporarily distract or slow down usage and adoption.
If anything they're going to bring more users onto bitcoin. So many "shitcoiners" are working on bitcoin now and there's only going to be more and you think that's a bad thing?
Bitcoin is the global ledger for humanity for the next 130 years and beyond. Do you want to be part of the future where you stack stats, and build technologies to allow people to save and spend globally without debasement and control? Or do you want to be part of some vandal anti-bitcoin movement this cycle that ignores this future and wants to halt progress, and spam spam spam.
That's fair. I'm not grifting lol. I'm just a libertarian and want all the nice stuff that we have (like auto loans, mortgages, etc. ) with out centralized banks. I feel like ordinals might be the key to that
I can assure you - ordinals are not the key to anything except slowing down the network with spam.
Your ideas of tokenization on ordinals are strictly worse than every other attempt in the last 10 years — and it didn’t work for fundamental, conceptual reasons then, and it cannot and will not work today. Only worse.
Bad idea! I don't know too much except that the ordinals thing is not as decentralized as Bitcoin is.
We can only imagine a completely decentralized lightening node. Haha.
But, I must accept, ordinals have successfully implanted the 'fun factor' in Bitcoin.
It's debatable and ordinals are new. But they can also prove to be forming a group, a.k.a. Bitcoin Ecosystem.