Maybe I'm exaggerating, but it is for the good. I'm pretty confident we can fight this Ordinal wave of transactions by just setting these as non-standard (without even invalidating them on a protocol level with softfork). I doubt there will still be demand, but what if there is? We frequently notice people who are obsessed with the idea of injecting their data in the blockchain.
I'm generally opposed with ideas that delay the problems instead of solving them. That's probably why I'm in favor of developing second layer solutions instead of just messing with the block size limit. Same applies for Ordinals, more or less. If you impose a tapscript size limit, or any other such, for the sole reason of delaying Ordinals, then I'll oppose it.
I agree that certain limitations are necessary.
I'm not sure how would this fix the issue (or make the Ordinals speculators less interested in bitcoin network, which is a powerful name), but I see we are no longer that far away as ideas/direction, so I'm fine with your conclusion, for now. And if the issue remains for too long (which is never clear what it means), the community can think on a good solution.
After all, all I can do is emit ideas and hope for the best...
And after all it was a good talk. Thank you.quite frankly you are deciding it has no value.
who the fuck are you to do that?
I say this in the spirit of friendship not meanness.
I hated Andy Warhol's Campbell soup series back in the 60's I was a kid but I used to go to the metropolitan museum of art often as a family outing. I liked the Italian Renaissance painter and realism. I thought Warhol was trash and garbage.
Pretty loft opinions for a 10 year old Italian American from Brooklyn.
Well I turned out to be completely wrong about Andy Warhol.
So in that spirit I am just saying who the fuck are you or who the fuck is anyone to say it will be worthless in the year 2056 or 2066.
I am just saying what I think. Maybe I am wrong, I've never claimed to be perfect.
And yes, you are right, they can become of value (especially historic value) after some (imho rather long) time. But in my defense, I strongly believe that most of these buyers hope to get rich in 5 years or less (but again, I may be wrong, I didn't conduct a study).
Imho paying 1$, or maybe 10$ for a lottery ticker is more than fine. But if somebody pays thousands... hmmm... in my head that doesn't feel right.
Sorry if my words offended or disappointed you or anybody...
PS. Art's beauty and value are very complicated to decide, and all can change over time due to personal experience(s); at least on that we're on the same page. Just I would not be so eager to put NFS in the same jar with the more traditional art.
Back to the real issue. Scrypt makes 12 blocks every 10 minutes sha256 makes 1
so LTC/Doge are 12x better to move small moves.
ordinals may be how they are doing this now. They will find other ways to do it later.
the 12x to 1 volume advantage is not being addressed which is why ordinals are doing a job at the moment.
You mean/propose moving ordinals to another blockchain? That could be a nice thing as transport/storage, but I don't think that will be coming soon: Bitcoin is a strong name and a powerful advertising. Maybe even the expectations the ordinals will stop working on bitcoin network after a while could make some consider them a good investment?!
The sha-256 is at a disadvantage to scrypt
1 block to 12 block
and what ever btc does as 2nd layer scrypt can copy
so scrypt will be able to do 12x the volume basically always better for small sends
it is what it is.
ie the sky is blue
and gravity works
the sun is yellow
it rises and it sets on a 24 hour basis.
So every time Btc tries to steal small transactions from scrypt chains
scrypt will need to fight back
right now scrypt earns over 1.2 million every day
and btc earns over over 33 million every day.
btc is wasting time and money trying to chase down scrypt for small transactions.
btc makes LN
ltc makes LN
it behoves Scrypt to clog btc block chain so that people will say fuck it I WILL send it in LTC
https://mempool.jhoenicke.de/#BTC,24h,feeat the moment there are around 25 btc in fees in the mempool
A player can load the blockchain with btc from 1 sat to 10 sats for about 10 btc.
I do not need ordinals to spend it and I don’t spend it since they never confirm.
Plus if i cut a deal with foundry or if I am foundry if they do spend I get 33% of them back.
if you want to fix this just concede no sends of
0.00001000 or less
no fee of
0.00000100 or less
and encourage
scrypt as the small value send.
if you are a btc max guy
Stop.🛑
I simply think the war of btc max guys against scrypt is a waste of effort and money.
but I certainly am a fan of btc for large value.
today I purchased a collectible for 0.0015 btc with shipping 0.00168226
fee was 0.00008
total spent was 0.00176xx
if i was allowed to pay with ltc my fee of 0.0008 btc which is $3.00 and change would have been under 20cents
I deliberately won this collectible to be able to write posts like this.
competing a 3 dollar fee against 20 cents is a long term losing game.
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