discords, I spoke to collectors, I tinkered with this shit. It’s a big part of my job to understand possible macro trends early. The fact that this whole thing is not permissionless, that it’s a bunch of OTC transactions based on trust in both execution and evaluations was the

first big turnoff for me. 3) I own no Ordinals and don’t plan to own any in the near future. 4) I DO think that it’s great that a part of the Bitcoin community is experimenting with NFT adjacent projects. As is, these are not quite NFT’s though. 5) The programmability of em

is almost nonexistent if we compare it to other blockchains, severely limiting its use cases. Right now they’re “just art”. And I think it will stay that way for the forseeable future. 6) wich leads to: why, then? We have much better solutions. Smart contracts are a thing 😂

7) I couldn’t give two fucks about the AKCHUALLY crowd, in a few weeks it’s coming bro, new implementations coming soon ™️ bro. I’ve heard it too many times. I’ll believe it when I see it, I’m in no rush and always have my eyes open and an even more open mind. 8) I don’t get why

people are spending inordinate amounts of money for copy/pasta punks or apes. There’s nothing original or historical about them, they are ETH based collections, that’s their provenance and history and cultural substrate. Also, neither punks or apes are CC0 I don’t think, so

that’s stolen art. Suffice to say, some of these are now wrapped in emblem vaults and sold on ETH to the ETH latecomers that are feeling fomo or don’t know how to set up a node. Cause that’s where the liquidity is. Exit liquidity you say? Time will tell…

Every chain in history had some low effort punk copypasta at launch. BNB punks and Solpunks where a thing for a while just off the top of my head, but it was a game of musical chairs. I could be very wrong of course, but I just don’t see it. 9) I DO think that the early

few that grabbed the very first inscriptions will do well. I’m talking low, low numbers, very very few. At the very least they will be an interesting collectible. Just as with ENS I see people moving the goalpost. Just Like I was with ENS, I’d definately be extra picky.

10) And most important, as usual my crystal ball is as good as yours. I have no clue what happens next. Assess risk properly and form YOUR OWN ideas about shit. Especially when this early. Especially when everyone has strong convictions loosely held like seems to be the case rn🫡

@OGDfarmer Great read. Thanks king

@notthreadguy You got it bud 🫡

@OGDfarmer Great analysis. I love the idea of it, the communities forming, but seeing the classic “HISTORICAL NFTs BRO” proclamations as the proclaimers pack and list their bags to dump on the unsuspecting and naive followers. ETH and CANTO still have my heart

@fozziewrites_ At the moment, it’s litterally all I’m interested in. I’m touching no other chain except maybe a dash of Matic.

@OGDfarmer Also don’t get the historical value angle, there’s lots of pepes on btc if you want to go that way. But to take the same collection and put it on a different chain and trade on google is ridiculous to me

@Cents2Sats Agreed

@OGDfarmer Well put, sir

@LinusCaldwell5 Thanks bud 🤝

@OGDfarmer Great thread. Any thoughts on "ordinals first" nfts across various types of art like photography, 3d etc. Do you think those 'meta' will hold value if they're the first to be bridged over or no?

@maverick23NFT I don’t see it

@OGDfarmer don’t forget 😂

@RiceFarmerNFT Can’t even 😂