alanbwt on Nostr: People are free to do as they choose in #Bitcoin and in life. That said, I feel ...
People are free to do as they choose in #Bitcoin and in life.
That said, I feel inclined to point out that sats are fungible, whereas ordinals only work under the belief that sats are not fungible.
This is a false way of looking at the timechain. It also isn’t true that sats are ordered in a UTXO. The scheme that orders them is not part of Bitcoin, and is concocted to create the illusion that some sats are rarer than others.
All sats are equally rare. Therefore, paying more than 1 sat for 1 sat is not a good deal.
The only people who will make money on ordinals inscriptions are those who successfully scam others, and for that they will pay a karmic price.
Published at
2024-03-06 16:53:21Event JSON
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"content": "People are free to do as they choose in #Bitcoin and in life.\n\nThat said, I feel inclined to point out that sats are fungible, whereas ordinals only work under the belief that sats are not fungible. \n\nThis is a false way of looking at the timechain. It also isn’t true that sats are ordered in a UTXO. The scheme that orders them is not part of Bitcoin, and is concocted to create the illusion that some sats are rarer than others.\n\nAll sats are equally rare. Therefore, paying more than 1 sat for 1 sat is not a good deal.\n\nThe only people who will make money on ordinals inscriptions are those who successfully scam others, and for that they will pay a karmic price. https://image.nostr.build/2c19a86ef99800c5c675d7aa59dcef1325fc932f23b0aba7e37fdba92e5de893.jpg https://image.nostr.build/7b9cf24c90dc9f06f3224559a1eee2f9b02c54f7d814d4bdc9b03381fb37e81f.jpg ",
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