Who’s following what’s happening with ordinals on bitcoin? Hot takes?
- sparrow wallet seems like it was designed in 1997, which is kind of amazing and also awful - txn take ~30m - i know there are OTC markets for things but can’t be bothered - i’ve sent 1 txn for an inscription and it failed. idk if i was refunded - it will probably work out and i’ll be annoyed i didn’t pay mo
The complete on-chain aspect is something other NFTs should have already been doing from the start. They’re less composable, but easy to mint and somewhat niche. I suspect it sticks around.
It’l enable certain Bitcoin maxis as they can claim this is the start of Bitcoin’s consumption of all on chain value.
The whole "store NFTs on chain" thing is actually a farce, nodes don't actually have to store the NFT because it's part of the witness data that nodes are expected to discard: https://warpcast.com/dfern/0x54be4c
it’s gonna absolutely lit - no news is bad news - fun to watch ppl get mad about stuff like this - actually a very reasonable tech design. this is how we do non-fungible metadata at LBRY and it works well
Fren setup something pretty cool ~ minted ordinal and sent to satoshi's wallet so it's static and can't ever be moved or resold on btc... Btw, nft was minted on ETH and metadata points to ordinal instead of ipfs or arweave https://twitter.com/0xMikeMikeMike/status/1624861586484609025?t=taSxHUuiveR9LQDtosX6BQ&s=19