My thesis on why Bitcoin Ordinals will have longterm staying power:
- On the chain with the most value and most history
- Many people want something to do on Bitcoin
- Art is fully onchain
- Rare SAT aspect is unique
- High cost to create a collection means less spam/noise
@0xCygaar
It's a stretch to say that Ordinals are on a blockchain. They involve the Bitcoin blockchain, but they rely on a central authority. Problematic over the long run IMO.
@0xCygaar
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#Runestone
ᛤ = 1
#BITCOIN
Big airdrop to Runestone holders at the halving. First meme coin on Bitcoin. Biggest meme coin on the biggest blockchain.
@0xCygaar
Actually we figured out how to remove the cost factor for creators and artists to launch close to 0
But they would need to attract willing buyers/minters to inscribe them on chain
So kinda solves the chicken egg problem
With some demand for the art then you’ll see it…
@0xCygaar
You'll be surprised to see the amount of degeneracy on Ordinals! Kinda funny considering the high costs. But the costs tend to get evenly distributed with the self-inscribe culture.
@0xCygaar
Good points!
The upcoming runes release will make the Ordinals community and Bitcoin even stronger.
We can't wait to share the ideas we have in store. Bullish! 🫡
On long term value in Bitcoin Ordinals 👇
Bitcoin is valuable long term because it is a STANDARD for a fungible digital asset. The whole world knows and can agree on what a bitcoin is, and how it works.
Ordinals can be long term valuable for a nonfungible digital asset if it…