There is nothing wrong with saying ordinals are a net bad for bitcoin. We know the broad majority of activity therein is rampant fad speculation. Our on-chain transfer activity, channel openings and closings are more expensive. It is highly unlikely there is any economic productivity occurring in that space.
We tend to favor free markets not for their own sake, but, because they generally offer more efficiency. Ordinals are reducing efficiency. They are bad.
Rich Nost
npub1zw…yvpu5
2023-05-06 13:49:44
Author Public Key
npub1zw7ftkfpezmtym8n2j2fvnd0smunztl9pyjys0fxdqne08vq397s5yvpu5Published at
2023-05-06 13:49:44Event JSON
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"pubkey": "13bc95d921c8b6b26cf35494964daf86f9312fe50924483d266827979d80897d",
"created_at": 1683380984,
"kind": 1,
"tags": [],
"content": "There is nothing wrong with saying ordinals are a net bad for bitcoin. We know the broad majority of activity therein is rampant fad speculation. Our on-chain transfer activity, channel openings and closings are more expensive. It is highly unlikely there is any economic productivity occurring in that space.\n\nWe tend to favor free markets not for their own sake, but, because they generally offer more efficiency. Ordinals are reducing efficiency. They are bad. ",
"sig": "b3cb76ed2f8cdd906652bc95bab381b391df48febb126bd43122a981687a86cb8bc731bf6eacc5d7e7057a0a5090b36f6d5b8486ca029297c7144cd206ca33e0"
}