Popular and Lucrative Ordinals Bitcoin NFTs- Where are my Ordinals Experts at?

[nutildah]

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:



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.

[1714749401]

1714749401

[franky1]

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

[larry_vw_1955]

I don't remember anybody saying these junks aren't going to be traded. After all scams will always find their victims.

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

Whereas the Ordinals junk is just junk and it is worthless because unlike things like fiat it has no utility.

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

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

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.

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

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.

[nutildah]

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

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

I don't remember anybody saying these junks aren't going to be traded. After all scams will always find their victims.

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

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:

[larry_vw_1955]

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.

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.

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.

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.

[nutildah]

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!

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 is worth quite a fortune, as well. As is SATOSHICARD, a pretty iconic piece of artwork.

well it's never too late.

Yes that's quite true.

if bitcoin price goes up then probably ordinals had something to do with it.

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.

[davis196]

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

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".

[Z390]

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.

[pooya87]

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

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

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

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.

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

LOL that was cute.

[franky1]

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

[larry_vw_1955]

There is a difference between building something on top of bitcoin and finding an exploit to abuse the protocol.

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

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.

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.

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..

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! 

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..

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?

[franky1]

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

[nutildah]

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

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.

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..

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.

funny.. coming from the guy that wants people to prune thus no longer be full nodes.. both by not requiring to need to fully validate transactions (your love of backward compatibility of telling people they dont need to upgrade their node when new features arrive) and your adoration of pruning data thus not having FULL data to analyse or pass to other peers.

if you like having a node that prunes and also doesnt have strong consensus rules to verify everything. then you are running a FOOL node not a FULL node

nodes that prune are declared as fool nodes not full nodes
because the full blockchain data and verification system are for full nodes. emphasis on the full

i know you prune so dont care about blockchain data and your not a full node so you personally dont see it.

[pooya87]

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..

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.

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

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).

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.

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.

[larry_vw_1955]

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.

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...

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.

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.

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

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. 

[franky1]

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

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.

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..

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.

funny.. coming from the guy that wants people to prune thus no longer be full nodes.. both by not requiring to need to fully validate transactions (your love of backward compatibility of telling people they dont need to upgrade their node when new features arrive) and your adoration of pruning data thus not having FULL data to analyse or pass to other peers.

if you like having a node that prunes and also doesnt have strong consensus rules to verify everything. then you are running a FOOL node not a FULL node

nodes that prune are declared as fool nodes not full nodes
because the full blockchain data and verification system are for full nodes. emphasis on the full

i know you prune so dont care about blockchain data and your not a full node so you personally dont see it.

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

[DooMAD]

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.

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.

[larry_vw_1955]

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...

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.

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.  

[SamReomo]

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!

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.

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.

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.

[larry_vw_1955]

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.

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...