Bitcoin Forum

Hi All,

I imagine this post might be met with a high degree of skepticism but like it or not these ordinals seem like they're going to exchange hands no matter what and we have an opportunity here to make a lot of SATs with just one sat!!! A popular sat. A cheeky buggar sat, eh?

I want to know what is the best website to trade ordinals NFTs as well as to get informed on what are the trending Ordinals right now on the market, up and coming airdrops that you may all know of. I would like to know what is the best wallet to use for this as well? Might as well play around with it. Who knows could end up getting some really good ones that increase in value for a short time enough to cash out and get your chips up, savvy?

Cheers,

TREAD

visit most scam sites. you will find them there, trying to coax you into trading with them..

just be warned when they say they have something rare, cheeky.. and they want to sell it to you.. they are selling you a scam and you are buying it for alot more than its real sat worth.

but if you want to continue into the fake economy, goodluck.

it sounds like you have alot of researching to do. but one of the ones I've seen is ordswap.io. not sure how good it is but it's been around a while.


you could say the same thing about bitcoin itself  :o some people think cryptocurrency is a scam and not real.

Yes, but BTC has proven over time that it's not a scam.
Ordinals seem are just another shitcoin / token / ICO / IEO / and so on that have cropped up in the crypto world.
99%+ will eventuality just become worthless. Mich like the shitcoins / tokens ......

There are better ways to spend your time and money they chasing that fraction of 1% that might be worth something.

-Dave

some people would disagree with you. just because something exists for a long time doesn't mean it is not a scam. and just because alot of people get involved in it doesn't mean it's not a scam. if people lose money in something does that mean it is a scam? how many people bought bitcoin at or near it's ATH and have been sitting on a loss ever since then? just something to think about before you call other things a scam.


so because you say so, people shouldn't pursue their interests in collecting digital artwork and things?

Bitcoin is like saving or spending. This balance shows one's comprehension and conviction in Bitcoin's transformative capacity. I believe Bitcoin's value goes beyond its price. It empowers financially.

I use Bitcoin for transactions even though I hoard a lot. Why? Because every Bitcoin transaction, however small, contributes to the big experiment of decentralizing finance. I understand hodling, especially after the price rallies. Its paradoxical. The idea is to balance your financial goals and Bitcoin's potential. Bitcoin's only constant is change.

but bitcoin has actual fundamental logic, economics, maths, cryptography that prove value and also ownership and transfer of ownership


bitcoin has fundamental logic, economics, maths, cryptography that prove value and also ownership and transfer of ownership

however
the ordinal memes and json junk is appended deadweight metadata that sits outside the tx format of what gets signed into a tx.. thus does not form part of the signing process proof of content nor part of the output value assignment process.. thus they have no proof of transfer nor ownership. thus deadweight scam

why would you care about issues such as ownership and transfer of ownership if you consider all NFTs to be scams? so because you disagree with how ordinals handles "ownership" and "transfer of ownership" you're going to say that's the reason why ordinals nfts are scams and that's why people shouldn't be involved in them? or is it because you don't like them clogging up the blockchain and causing higher transaction fees? be honest.


If Vitalik doesn't see an issue with Ordinals then I don't see why you should.

Vitalik Buterin Praises ‘Builder Culture’ as Bitcoin NFT Volume Hits $210 Million
https://beincrypto.com/vitalik-buterin-bitcoin-nft-volume/

Appreciate the heeded warning Franky. I mean I guess a lot of economies could really be considered fake, couldn't they? The Fed creates dollars out of thin air and although they are considered real they're really just fake money based on credit from the US Gov't haha. Yeah, I guess you could call it the wild wild west of Bitcoin "scam" NFTs right now, all of these BRC-20 sites are competing for dominance and creators are rushing to pedal their latest scam sats lol. I mean don't get me wrong there is no real value that ordinals bring other than bringing more users to the table to adopt crypto but even then these same NFTs don't have even a fraction of the hype that other ETH based NFTs brought investers/consumers in the early stages. Thanks for the warning Frank! I am still doing my research here, I wouldn't mind earning a few chips though off of speculation in the short term if I can  ;D

Ordinals as am concerned aren't bitcoin or NFT bitcoin,as we all know that bitcoin remains bitcoin and no other form, for the fact that there's a space created for an NFT on bitcoin transaction blocks doesn't make NFT bitcoin, many have also been wandering about how they could use the bitcoin network for the exchange of these Ordinals, well it's now clear and plain that Ordinals are NFTs and they are not bitcoin, this discussion as well is more fit in market place, exchanges or altcoins discussion board.

the facts you ignore, dont understand or want to hide under a blanket and not want to see.. is this

A. yes its more useless data that bloats a block and leads to less transactions per block
b. the meme data does not sit within the signed tx data segment. meaning its not signed off and included in the proofs. its appended metadata at the end. thus not really part of the tx data
c. there is no data in the tx to link the junk meme to a particular output.
d. even basic economic maths of ordinals as a whole is broke.

when you want to be that ignorant to it just to scam people for your profits.. then yes you might earn a bit more income. but it just makes you look immoral unethical, dumb and scammy

bitcoin data for bitcoin value actually does work outputs have values side by side to know what value goes to which output. it gets locked and signed preventing edits as it passes through peers. and does transfer units within the signed content of a tx. its not like the value amounts are unsigned and can be edited pre confirmed via random people

as for the economic math..
when a utxo is being spent its total amounts used as inputs are then set to an amount of fee deducted, and then the remainder goes to destinations. meaning any "first sat" ends up destroyed as fee's, where a block the tx is included in gives the block solver fresh allotment of new sats of a combined amount of reward plus destroyed/ unaccounted sats

theres a reason casey calls his project a "theory".. its so he can legally say he has never made any claims of truth about his scam and its the victims own fault if they got scammed becasue they never tested/proved the theory. they just believed in the theory blindly

and by the way.
those using "first sat" theory.. are not millions of random users. they are just a dozen guys with pool manager access to funds spending decisions. to decide who to direct miscounted sats to idiots for profit... so if you want to pretend you received a "first sat" then you are already a victim at a loss.. hoping you can sell on your loss to another idiot to break even

if your spending more then 1 sat to receive one sat. you have been scammed

Bitcoin remains Bitcoin and will not change with the presence of Ordinal.
The space or block used by Ordinal NFT is the development of other developers who utilize Bitcoin network technology.

But does this have a positive impact?
We can see how the impact of network congestion has made the gas fee more expensive due to the increasing number of Ordinal transactions.

They should separate from the Bitcoin network because it only disturbs the network from getting out of control.
But if it is said as an Altcoin, Ordinal NFT also does not enter Altcoins. they must have their own network.

useless for who? maybe for you but not means for everybody.

but it becomes part of the blockchain and it can't be altered. otherwise ordinals wouldn't work properly. people would be changing monkeys in to cats.

but people trust it and it works so your concern is one of theoretical nature only. very theoretical.

Well in your mind maybe it's broke and maybe you have some reason for thinking that but 350,000 people a day can't be wrong...

Bitcoin NFTs Back in Spotlight as Ordinals Cross 350K Daily Inscriptions
https://www.coindesk.com/markets/2023/07/11/bitcoin-ordinals-back-in-spotlight-with-over-35m-inscriptions/


Did you read that article I mentioned? Notice this part:

The daily tally has surged by over 250% since Ordinals launchpad Luminex unveiled the Bitcoin Request for Comment (BRC)-69 token standard on July 3. The modified version of the BRC-20 standard was launched to reduce the cost of inscriptions for Ordinals by over 90%.


they just keep on making things better. cheaper is better. but I guess we'll have to see how BRC-69 plays out. but clearly someone is using it. otherwise they wouldn't be making 250,000 monkeys per day.  :o

that's a highly dubious claim. can you prove that? what about virgin bitcoin, i heard people pay a premium for that. so ..?

350k junk data doesnt not mean 350k people are involved.. the funny thing is if there was that many random people. then the old versions of junk wouldnt halt pretty much over night to then jump all unanimously overnight to the next version of junk.. it would be a slow transition of some staying with the old some moving to the new.. however that sudden jump from selling scam memes to selling scam json junk is proof that its only a few idiots making alot of junk working and communication together ans a small niche tight group..

and if you still think the junk "works" then i pity your lack of care and understanding of code, logic math and economics. and maybe im starting to think you deserve to lose any pennys you can scrape together

so if you want to pay more than 1 sat for another 1 sat.. then yea you deserve to lose

and by the way... just to show how little you even know about the subject and how little you value research and understanding.. any of the BRC junk. are not even monkeys.. its just text junk.. there have not been 250k monkeys made.. so try a little bit better at checking your sources next time.. research has its advantages

anyways, have a nice loss of your income. just dont go becoming a scammer trying to sell the junk you became victim of that has no proof of transfer. because ignorance is not a defense.. dont cause others to become victim just because you been sold a bag of trash.. accept your loss and move on. dont perpetuate the scam

who said they all unanimously jumped overnight to the next version? do you have some type of proof they did that?

i'm saying ordinals works as a way to store data on to the blockchain. if people want to use it to store images then i guess that's their business. it is what it is as far as the mechanism being used. any hack like storing data in OP_RETURN would be similar but I don't see you complaining about using OP_RETURN. probably because you're more concerned about how many satoshis you have to pay to send some bitcoin.

i didn't say I would pay a premium for virgin bitcoin but clearly some people would. would you?

when I say monkeys I mean any ordinal. it could be a picture or video or text.

so all the sudden anyone that wants to sell a bitcoin NFT is a scammer. how many friends have you made by stating that as though it were a fact. is a jeweler a scammer just because I think investing in diamonds is a scam? or maybe someone has legitimate reasons to buy his wife or partner a diamond.  :o

ordinals are not NFT

dont confuse the two.. wise up.. think for once

They are. Its not up to you to decide. Even though your best mate Rodarmor also doesn't think they are NFTs, its not up to him to decide either. Words are defined by their use by the masses. If the masses call ordinals with inscriptions assigned to them NFTs, then they are indeed NFTs.

https://cointelegraph.com/explained/what-are-bitcoin-ordinals

https://www.coindesk.com/learn/bitcoin-nfts-what-are-ordinal-nfts-and-how-do-you-mint-one/

https://academy.binance.com/en/articles/what-are-ordinals-an-overview-of-bitcoin-nfts


Although I'm no fan of ordinals, you're free to speculate how you want. Most people who made money from Bitcoin was via speculating that the price would go up and just holding. They didn't build anything and didn't even use BTC for what it was made to do, they were speculators.

that's worth considering. i guess franky conveniently forgets this fact though since he considers all people that speculate in bitcoin NFTs (aka ordinals) to be outright scammers. but he forgets that he is doing the same exact thing with bitcoin if he's just holding on to it and selling when/if the price gets high.

Unfortunately all of these are just going to hurt us and it is not going to work out in the end neither, not just it will not make you a profit, but it will also clog the bitcoin chain and we are going to have to pay a lot more just because of something people will not make profit from. Do not get me wrong, there will be "some" people who make a profit, but it is not going to be a lot of people and the result will be terrible.

I believe that the best thing to do would be making sure that it is not going to end up getting too famous. If you can handle that then we are going to be doing fine. Hopefully the life of this ordinals thingy will get a lot less and not going to end up with a lot of hype, if that happens we are screwed for sure.

I don't remember anybody saying these junks aren't going to be traded. After all scams will always find their victims. They just change tactics and sometimes get more complicated with a prettier front making it harder to detect the scam underneath. I remember the early days one of the most popular scams were "bitcoin doublers", they started by convincing newbies that they had "found a way" to double their coins in 24 hours if they sent them their coins. Eventually it became a thing where they no longer claimed to have any kind of magical exploit in the protocol and just came out with it and said it is a Ponzi scheme and people still sent them their coins!

The two are not comparable though. When fiat like dollar is printed, it makes it worth less not worthless (that is to dump in value!). Whereas the Ordinals junk is just junk and it is worthless because unlike things like fiat it has no utility.

Something doesn't have to have utility to have value. For example, these regularly trade between $80k and $250k:

https://xchain.io/img/cards/RAREPEPE.jpg (https://xchain.io/asset/RAREPEPE)

Its just a token with an invalid pointer to a json file. The image isn't even embedded in the blockchain or stored anywhere permanent. It offers no utility to speak of, yet it fetches a high price in open markets because it is desired by collectors.

While the value of many (even most) Ordinals up for sale is indeed driven by Ponzi-nomics and will trend toward zero, some of them will retain value among collectors; especially the first Ordinals of any significance. Their significance and value exists independent of your or my opinion.

nutilda will try to say a pile of crap he found at a dog park is value to vets and scientists that want to study the gut bacteria of canines..
everyone else see's its just a pile of crap, that 99.99% of people want to get rid of

when nutilda finally realises that these ordinal junk are not even part of signed tx data but just appended junk deadweight thats not assigned to an output on the blockchain.. he will then realise its a pile of junk that does not actually move with the outputs
he has to learn the hard way (itll take him years) to learn that this junk does not have the same cryptographic security as bitcoin payments do. but oh well if he wants to pretend not to be involved in a scam but secretly wants the scam  to continue. its obvious that he is financially motivated and involved to want it to continue

if he cares more about keeping a scam going which will eventually bring bad reputation to bitcoin for scamming people directly on the blockchain and adding junk porn into it.. rather than caring about lean bitcoin transactions to allow more users to transact bitcoin cheaply.. then its obvious where his allegiances lay

same goes for his buddy larry and the cult mob of doomad, blackhatcoiner, windfury and the usual family of ignorant scam promotors

so bitcoin is not a scam but something built on top of bitcoin is a scam 100% no matter what it is used for.


maybe you should make a clarification that this is just YOUR opinion.

i wonder what blockchain those things are on then because that's alot of money for a picture! not everyone that uploads a picture of satoshi could be so lucky!
satoshi should sue to get a cut of the action but i guess he's kind of stepped away from bitcoin.

once something is part of a block then you can't go back and change it. that's what security means. you can't change a picture of a monkey to a tiger for example.

so i'm not sure what you're talking about that they don't have security. unless you figured out a way to alter past blocks. but we all know you haven't figured out how to do that.

LOL. The only thing we have in common is we aren't afraid to call out franky1 on his bullshit.


It's a shame because Ordinals could have actually had real utility but the problem is 99% of the focus went into BRC-20 and hyping clones of pre-existing projects (Bitcoin Punks, Bitcoin Apes, etc.), which is why so many bitcoin maxis are keen to instantly write it off altogether.

One things for certain: if ordinals was designed to be an AtTaCk!!!! on the bitcoin network, it sure was the most expensive, ineffective and pointless attack on bitcoin ever. As a matter of fact, it had the opposite effect by onboarding new bitcoiners -- people who downloaded the blockchain, ran full nodes, and practiced coin control -- things that most "maxis" are too lazy to ever consider.

Current mempool stats (https://mempool.observer/):

https://talkimg.com/images/2023/07/14/ZVj3c.png

well it's never too late. if there's other good applications for ordinals i'm all ears. the more bitcoin can do and be useful for the better as far as I'm concerned. but i know franky doesn't like that idea.

if bitcoin price goes up then probably ordinals had something to do with it. i haven't heard franky complaining about the bitcoin price so i guess he's ok with that if it happens. :o

They're actually on the bitcoin blockchain, via Counterparty. That is the first Rare Pepe, S1C1, of which only 300 were ever made. 2 were burned so now its down to 298.

https://xchain.io/asset/RAREPEPE
http://rarepepedirectory.com/?p=10

It is considered to be a "Grail NFT" for collectors because it is one of the first instances of people using the blockchain (any blockchain) for the purpose of making trading cards. There was actually one other famous project that preceded it, and that is Spells of Genesis. The first SoG card (https://xchain.io/asset/FDCARD) is worth quite a fortune, as well. As is SATOSHICARD (https://xchain.io/asset/SATOSHICARD), a pretty iconic piece of artwork.


Yes that's quite true.


Actually the price of BTC only started going up after the Ordinals/BRC20 frenzy started to die down. There may be no correlation between that kind of activity and price.

The only people, who are making actual money out of NFTs are the ones, who create a bunch of NFTs and then invest in creating hype/fake scarcity/urgency around those NFTs. When the hype hits the roof, they sell those overpriced NFTs and take the profits.
Good luck trying to make big long term profits by buying and reselling NFTs. It doesn't matter if it's Bitcoin ordinals or the NFTs that were based on the Ethereum blockchain. Everything is about marketing a creating hype around an overvalued "product".

To be honest, if I have to add anything ordinals to my crypto portfolio it will be Ordi Protocol, I know it's crappy but it already make name for itself, whenever Bitcoin pumps this ORDI follows, that makes it a good one to look out for but for profit making purposes only, I am not saying it's a best bet but if you diversify you will be fine, and don't forget to take profit on the way up.

I am not a fan of NFTs and I am not a fan of crappy looking pictures on Bitcoin either, but remember that sometimes in crypto space, unnecessary innovations like this makes the biggest money and they happily goes down the drainage after, buy the rumor and sell the news is always a good stuff in the crypto ecosystem.

If you can play your cards right you will win big with crypto in the coming bull market.

That's true you can put dog poop in a bag and sell it for a million dollar.

There is a difference between building something on top of bitcoin and finding an exploit to abuse the protocol.
Your statement also has nothing to do with the fact that the garbage being injected into the blockchain using the Ordinals Attack has zero utility.

LOL that was cute.

funny part is about larry and nutildahs delusions is that the junk is not part of the secure blockchain. the junk can be pruned off without destroying the txid that forms part of the merkle tree thats written into the blockheader.. meaning in the case of a chain re-org or an event where sybil nodes broadcast blocks with a different 'weight' element to a block. they can broadcast different junk attached to the same txid of historic blocks and not get rejected. without having to actually re-hash historic blocks..

have a nice time researching that.

the junk does not sit within the elements that form the standard txid which forms the merkle tree that form the blockheader that form the blockhash..

now when you realise this and realise that the junk is junk and not part of a standard tx.. then you will learn its not secured

learn how things like txid work, learn about merkle tree learn about block hash and learn about data segregation/pruning is possible .. to learn that the junk can be pruned and edited without breaking a txid

it is part of the protocol. there is no exploit at this point. if there had been it would have been fixed by now.

i would prefer you to come up with a better word than "attack" to describe ordinals it's not an attack it is just a use case of bitcoin. i understand how someone may not like the particular use case but i don't think we have a right to tell people what bitcoin is or isn't. the market decides that. the people that are using bitcoin help decide its direction. and you don't agree with them using it in a certain way. and that's your problem. not theirs.

then you've solved your own problem. just do that and you'll never have to complain about ordinals taking up space on the blockchain again!  :o

there you go then. now all you have to do is make some blockchain reorganizations and you've gotten rid of casey for good. you've solved the problem so congratulations. end of ordinals. not only could you take down ordinals you could take down bitcoin too if you wanted but maybe that's for another day?

larry you really have no clue about bitcoin at all...

how come you cultish idiots take years to learn the basics about bitcoin and even when someone tells you how things work you jerks get it all wrong by even misinterpretating the basics and then you cry about how much you got it wrong by pretending someone mis-informed you.
try learning properly for once

i feel sorry for you in so many ways but when it comes to scams like this i think you deserve to learn the hard way and lose your money if you want to continue promoting the scam

and if you dont think you will lose. just take a look at your mentors and realise that for the many years they have been involved in bitcoin they are still penny pinching and scamming just to try to survive on basic living costs.. if they were at all successful they would not need to be sig spamming posts for pennies. so realise they have not made a success in their schemes, so try not to follow their path

the empty promises of future scammed riches is a totally different scenario from securing your wealth now.. learn stuff, learn how things actually work and then actually care about bitcoins longevity rather than a scams proposition which can ruin bitcoins proposition

I realize you are just trying to be insulting but this is a pretty ridiculous thing to say no matter how you dice it. You should try it and see what happens. I wish you success.


Several people (including me) have brought this up before and you proceeded to lecture everyone about how they would no longer be running full nodes.

You are forgetting the witness transaction IDs and the fact that a merkle root hash of wtxids (computed using everything in a tx including the junk) is also created and stored in an output of coinbase tx and is verified as part of the consensus rules to prevent transactions inside the blockchain from being modified when relaying blocks.

The whole SegWit soft fork would have been broken if what you described were correct, not just the Ordinals Junk.
In simple terms, like before if you change a single bit anywhere in a transaction you have to mine the whole block again, and essentially perform a 51% attack to change the chain.

Being part of the protocol needs actual script that is verified and enforced by the protocol not arbitrary data that is only being pushed to the chain to be verified and enforced elsewhere (ie. on a centralized website).

Ordinals is using an exploit in the protocol where certain limits were not introduced in SegWit scripts where it allows injecting large arbitrary amount of data into the chain to abuse Bitcoin as a cloud storage ergo it is an attack.

oops. i guess franky might have slipped up on his idea of how to debunk ordinals by claiming how they are subject to modification and being overwritten by something else in the case of a chain reorganization. but he sounded convincing but i'm glad you set him straight...


well but you can't just go around trying to plug every crack and tighten up every little loophole. obviously people are going to take advantage of features in bitcoin. at this point, it's considered a feature of bitcoin, this ordinals thing. you can't remove a feature. sorry you feel you are being attacked but no one is trying to attack your use of bitcoin they're just trying to use it for how it benefits them. that's what i would think.

but i think you might have been wrong franky about the chain reorg not requiring re-hashing...pooya tried to explain it to you. now i'm no expert but he seemed to be speaking from a position of knowledge there. i want to give you the benefit of the doubt franky but if you turn out to be wrong in this situation, then you made a huge oversight and i'm not sure you're as smart as I thought you are.  :o

funny part is im not suggesting you to become a pruner. im using the term pruning as an example display of how much the junk is not part of the real immutable blockdata.. an example of something that might actually give you a insight into how the junk does not break the merkle tree

it was your friend larry that suggested people become pruners

The overall concept still has potential, even if the current implementation and intent behind it leaves a lot to be desired.

Once all the mindless speculation stops and things are built correctly, using something efficient, like Taproot Assets, I'm still fairly confident there is genuine utility to be found.  The only reason people are writing it off is because it's currently poorly implemented and because unscrupulous people are using it for blatant profiteering to sell the digital equivalent of magic beans to gullible suckers.  

I don't see Ordinals as "lucrative" (as per OP) in any way, unless you're the type of person (not you personally, nutildah, but in general) who somehow still sleeps at night knowing they've taken advantage of someone.  If they are used properly as a tool to represent real-world assets like financial documents, deeds, wills, etc, then that would be a world in which I can accept Ordinals.  Until then, however, it's a sleazy, underhanded crap-fest, much like ICOs, forkcoins and other the other speculative-bubble-abuses that have occurred previously.  I want no part of that.

franky's misconceptions about people really needs to be put in to check. maybe he'll read your stance and realize how he shouldn't just stereotype people with labels when clearly he's just doing that for his convenience but at the expense of smearing their name a bit...

i'm sure franky would still be against that since he considers it to be polluting the blockchain, thus making it more expensive for him to send bitcoin. as though that's the only reason bitcoin should exist...for him to be able to send money cheaply. and anything that interferes with that is not to be allowed. what a short-sighted, unfortunate view he has since it will end up crippling bitcoin if people like him was in control. he wants it to be just like it was in 2009 or 2010. those days are gone franky and no one wants them back except people like you who are sitting on a mountain of money.  :o

You're absolutely right the scams will always find their victims and the scam of ordinals are also getting their victims in order to show them that they can earn huge amounts by investing their real Bitcoin for those stupid jpeg files that are valueless and they doesn't even contain the elements of quality that one should even spend a $1 of those useless tokens. They have just found their way to convince those who don't have strong will power or deeper understanding of the things, and those well known manipulators who created those ordinals earned enough money from their scams that they would enjoy their dam lives by creating much congestion on the network of Bitcoin.



NFT's are not ordinals and they are totally different from each other. The NFT's are not created in a way that they might cause any kind of network congestion while the useless ordinals are known to cause congestion in Bitcoin network. Those useless tokens are worth nothing and that's why it's better to avoid those at any cost. The only similarity between an NFT and an Ordinal is that both of those are just useless jpeg files and nothing else.

where are all the victims? i certainly haven't seen any here on this forum. not that i would feel sorry for them anyway. just like i don't feel sorry for someone that goes and gambles in las vegas and doesn't happen to win at craps. you might feel sorry for them the first time they lose but not if they keep on coming back for more destruction...

I wouldn't worry too much about that.  As long as he's not successfully poisoning the minds of impressionable newcomers, he's largely impotent.  Alone, he can't do anything.  And he'll probably always be alone, because he has a remarkable talent for alienating people and turning everyone against himself.  The moment someone doesn't accept one of his delusions, he attacks them, insults their intelligence, etc.  Those who don't adapt to technology get left behind.  Hence why he's still stuck in 2016 and everyone else has moved on.



We likely don't hear from most of them.  There must be plenty that lose their money and call it a day.  And if people are walking away forever based on that experience, it's far from ideal.  I wouldn't like to see large numbers of new users getting ripped off and becoming disillusioned, so it's better to make people aware of those who might prey on the inexperienced.

you would think that someone with the expertise/know-how to actually become involved in buying-selling of NFTs would not need a warning that it is a speculative thing and not guaranteed to produce any particular result. it's not like vegas where you can just wonder in off the street and plunk your money down on the craps table and say "put it on red".

with bitcoin you have to first understand how to get bitcoin into a wallet and then understand how to buy and sell bitcoin nfts and how to buy and sell your bitcoin etc. it just boggles my mind how someone could be inexperienced yet know how to do all of those things...

but yeah i agree with you that people who lose money you're not going to see them making instagram quick videos of that fast cash.  :o

idiots thinking these ordinals junk are nft do so becasue they dont know the code, economics or logic or math. they simply download a wallet that creates the transactions for them.

its especially funny how larry in this topic has not learned the fatal flaws of the ordinals junk, yet pretends he knows bitcoin well enough to get involved and promote the junk

so if larry can fall for it and believe they have value, then that should be proof enough that idiots fall for the scam, because he himself is the proof

As has already been explained to you multiple times, they are NFTs as they have been defined as such in popular culture. You don't get to decide what words mean -- people do as a collective.

And as always, insulting people that disagree with you doesn't change the fact that you are wrong. Its not a matter of understanding "code, economics or logic or math" so much as how words are defined.

Good point! The first editions of anything for the most part if they're popular to some extent generally trade for higher values then any other versions. I think this is also pretty much the case with Ordinals, and we're still pretty early!

they're even better than traditional nfts franky in the sense that the data is stored on chain and so there's no chance of the image disappearing when someone stops paying for the webspace hosting...

ask yourself if you were going to buy an nft of a monkey would you rather it be stored on chain or on some cloud hosting on AWS which will disappear oneday. which is why some people might prefer bitcoin nfts to the standard ones you find on ethereum. just saying.

Bitcoin maximalists will certainly hate bitcoin NFTs the same way they treat altcoins, but those who enter this market with the sole goal of making money and always putting profits first should not ignore Ordi Protocol. I don't know what its future holds but speculating in them is profitable for many people so there's no reason to reject it.

As a crypto investor, don't just focus too much on bitcoin and miss out on other opportunities. The opportunity to make money will not be too much and we should make the most of it but also do not forget the risks that we face.

I agree with you on this point of view. There are people who always look suspiciously at everything new, even Bitcoin itself. The same thing happened to it at the beginning of its invention. Many people were suspicious of Bitcoin and described it as just scam.

On the other hand, yes, we are in this space for profit and investment in the first place, so we must be flexible and not be fanatical about one idea only, we must not focus on one thing and try to seize opportunities to obtain gains, whether from Bitcoin or new things that appear in this space.

some people still are suspicious of bitcoin and think of it as a scam. but most people kind of accept that it is not just a total scam.

some people just prefer storing their net worth in bitcoin although that does expose them to price volatility but they probably think it is "going up". the problem that happens if it goes down though is it kind of forces them to be patient and not spend their money. until it goes back up.  :o

Honestly, I don't want to go to war with bitcoin maximalists because they have a mind of their own. This is not a religion, its a financial and investment market, not a place to worship and worship anything. Therefore, we should have fair comments with each other instead of having unnecessary arguments. Arguing won't make us rich and let's not forget what our purpose in this market is. Do we enter the market for profit or to prove ourselves right and become poorer?

Damn Z390 you were spot on, I wish I would have paid this comment more mind because ORDI is up like crazy!!! An I too late to the Ordinal party?!