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Devin Elliot@notdevin
4/15/2023

I need someone who’s sane to explain to me how Ordinals aren’t the undoing of bitcoin after reading this Ordinal Theory doc. 1) If I’m understanding this, satoshis are being made non-fungible and if successful to the max, would consume all fungibility of the chain https://docs.ordinals.com/overview.html

In reply to @notdevin
Devin Elliot@notdevin
4/15/2023

Ordinals are another form of 51% attack, very loosely speaking. To assume that you can have both modalities on a finite chain with no repercussions seems naive, again, I could be smoking crack here. BTCs value is to create a standard of relative valuation. Now that function has cancer is all I see.

In reply to @notdevin
Cassie Heart@cassie
4/15/2023

I just think it's amusing – you'll never see a mythic category ordinal – those sats can't be spent