Think worries that Ordinal theory is a threat to fungibility are FUD - if just the suggestion of a scheme to ID sats that doesn’t require any code at all threatens fungibility, then fungibility didn’t really exist.
Existing monies like fiat and gold both have similar things, where an aureus will be worth a lot more than its gold weight because it is an aureus and those are rare and cool; and a 1900 dollar bill is worth more than a dollar for similar reasons. But a pawn shop and a hairdresser can still treat them as just bullion and just a dollar. Most sats are boring under ord theory in the same way a 2021 pound coin is boring.
1f52b / 1F52B
npub1ra…tgns2
2023-02-15 15:03:01
in reply to nevent1q…3rh0
Author Public Key
npub1raftzmju5gq77twqxrumv5gnweew2t0p4v5upv8kku4vsz4j8jzq3tgns2Published at
2023-02-15 15:03:01Event JSON
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"pubkey": "1f52b16e5ca201ef2dc030f9b651137672e52de1ab29c0b0f6b72ac80ab23c84",
"created_at": 1676473381,
"kind": 1,
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"content": "Think worries that Ordinal theory is a threat to fungibility are FUD - if just the suggestion of a scheme to ID sats that doesn’t require any code at all threatens fungibility, then fungibility didn’t really exist.\n\nExisting monies like fiat and gold both have similar things, where an aureus will be worth a lot more than its gold weight because it is an aureus and those are rare and cool; and a 1900 dollar bill is worth more than a dollar for similar reasons. But a pawn shop and a hairdresser can still treat them as just bullion and just a dollar. Most sats are boring under ord theory in the same way a 2021 pound coin is boring.",
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}