lloyddunne

Ordinals_Inscriptions_Runes

> “No army can withstand the strength of an idea, who’s time has come”
Victor Hugo on [ord](https://github.com/ordinals/ord)

Thought about trying to do a long post for this one but don't have the time or any in depth knowledge of the eurodollar or OP_RETURN for that matter :D

I’m not even going to pretend that I understand the Euro-Dollar Market or that I truly know the ins and outs of Inscriptions and Runes, I’ll leave that for you to fully research, but what I do know is they are both ***hella confusing***. 

![](https://m.stacker.news/30103)

Can’t help draw comparisons between these two creations, in that they sit outside of the rules and regulations of the original system (Dollars and Bitcoin), and both seem to be creating ‘value’ from thin air and there’s nothing you can do about it.

And before you say “It’s all been done before, look at colored coins” - Bitcoin wasn’t as valuable back then as it is today. There wasn’t as many marketplaces and infrastructure for this kind of stuff like we have today with exchanges etc. Correct me if I’m wrong, but Inscriptions and Runes haven’t even experienced a bull market yet.

People love to throw money around. 

ord | Bitcoin’s Euro-Dollar Moment

![Screenshot from 2024-04-28 18-38-25.png](https://m.stacker.news/28517)
vs
![Screenshot from 2024-04-28 18-39-43.png](https://m.stacker.news/28518)

VOTE: Best Deal

~Welcome to Ordinals territory

spam prevention. 

I'll probs be archiving the territory anyway

bitcoin

Bitcoin Shizzonomics

ramenbased

antifragile

Will Debt become extinct?

would interest be charged? 

(You won't be a very good friend in this case)

### If "Hyperbitcoinization" happens, will debt ever exist? 

Intrigued to hear your thoughts below.

How do you define yourself in this scenario?

Say for instance, you introduced someone to Bitcoin in 2021, with the intention to help them financially and protect their purchasing power:

- That person is now poorer, both in $ value and in terms of inflation.
- If they are self-custodial, it now costs them even more to move their money around. 
- Most likely to be at a loss financially.

On a long enough timescale it may work itself out and you'll be proved right, like some self fulfilling [prophecy](https://github.com/libbitcoin/libbitcoin-system/wiki/Lunar-Fallacy), but we don't really know do we.

---------

So with a little self-reflection, how would you define yourself?

Miners be like "What Halving?"

sounds broken. 

just hodl bro. low time preference

Value is subjective. 

You could use lightning? LN coming under pressure because of high fees is good for Bitcoin.

from @martys_owl on X -
![IMG_8111.jpg](https://m.stacker.news/27374)

ocean.xyz were willing to give up majority of the fees if mining the 840000 block. 

lol why would you plug into that pool


A few blocks into the new epoch and we are yet to see a miner collect anywhere close to the new mining reward:

![Screenshot from 2024-04-20 10-29-17.png](https://m.stacker.news/27371) 

Here's to Bitcoin being used more and plenty of spedning on the network. Bitcoin will thrive. Enjoy the fun.

![Screenshot from 2024-04-20 10-38-54.png](https://m.stacker.news/27373)


The testnet mempool is full.

false. developers will just use another one like mutinynet etc

Ordinals are an opt in way of viewing individual units of Bitcoin, by assigning them certain rarities. 

Inscriptions are the NFTs on Bitcoin.

Runes is the fungible token protocol on top of Bitcoin.

yes, test transactions gearing up for the launch of Runes on mainnet at block 840000

[Testnet Mempool](https://mempool.space/testnet)

![Screenshot from 2024-04-14 20-10-13.png](https://m.stacker.news/26564)
[Runes](https://testnet.ordinals.com/runes) protocol activates on Bitcoin at block 840000

Ordinals must be solved culturally

ZezzebbulTheMysterious

It's unfortunate you don't like the Bitcoin network being used

> One way to fix this problem is to make ordinals the most uncool thing in "crypto". You can do your part by reinforcing that Ordinals are highly uncool, abusive spam, and anyone involved in a fraud and a scammer.

This is literally what people do now already lol

Ordinals are opt-in, so just opt-out and never mention them

defiatization journey

zapsammy

awesome work my man. I will be taking some of these tips and adding to my lifestyle