Topic: Minted my first NFT on BTC (Read 304 times)

Haha dude agreed, These are just pieces of shit, no matter on which network they are Bitcoin or any other shitcoin. Lottery Mode haha that's quite interesting "These are the lottery tickets without numbers ". OP is looking for a new dimension where he is gonna use this NFT to rule the entire Dimension. The NFT market is out of this world and you need special powers to obtain them haha.



OP be like: Hmm hard to find NFTs and
Me: What about a decent Meme on it
Op never mind (just kidding)

To be clear, Ordinals is not a "platform", it is a simple bitcoin transaction that uses an exploit to abuse the system by injecting arbitrary data (mostly garbage) into the blockchain. As Franky said there is no transfer of that content or the ownership of it taking place in this attack either.
They are basically trying to sell fungible satoshis to fools at a higher price by using the buzzword "NFT".

ordinals puts DEAD WEIGHT(unmovable) data onto the blockchain(the meme creation transaction). but it does not have the feature of proof of transfer to allow ownership change to be provably established on the blockchain

thus these ordinal memes schemes are scams if they pretend to offer ownership change claims, because it does not offer true ownership change

the project manager of these ordinal memes rushed a process to exploit a method to bloat the blockchain with memes but he did not think about a PROVABLE way to allow ownership change on the blockchain. thus he plays games by deciding an owner based on graphic user interface/software/website decision of whatever preference he has this season. but that preference is not provable in blockdata to lock the ownership changes to said preference

in short this season he can say recipient X of a tx owns it. next season he can say recipient Y of same transaction owns it(thus removing you as owner). and neither is proved by reference in blockchain data that you ever used to, nor still have ownership in the first place, nor will have ownership

A friend also recommended the Ordinals platform to mint NFT on the Bitcoin Blockchain network, which he claims is the first platform to support Bitcoin NFTS. Frankly, at first glance, I felt it was a scam because I always saw that the Bitcoin network was not explicitly designed for NFTs, like other blockchain networks such as Ethereum, Polygon, Optimism, and others. And if we cannot, after making a Mint for any NFT on Ordinals, verify the hash of the transaction that took place on the blockchain, then what is this called? Is this a real mint, or have you already purchased an image from the Ordinals platform and paid a fee? And after you buy one of the Ordinals NFTs, what market can you sell it in? I have a lot of logical questions that need to be answered 

The funny thing is I've never purchased, sold, obtained or inscribed a single ordinal. I'm quite aware that they are the latest influencer-driven NFT grift and don't want any involvement with it.

But the amount of misinformation being spread here surrounding the basic concepts about how it functions is laughable, especially when coming from people who are so cocksure about their clearly limited knowledge of the subject that it will never occur to them that perhaps they don't actually understand what they're talking about.

Now that we see these same cocksure people resorting to personal attacks, it should give everyone else an idea of how meaningful their words on this subject actually are.

Normal people have different attitude towards the Ordinals Attack that range from negative to saying "whatever" but when you see someone is passionately defending something that is clearly a malicious attack and does that by spreading misinformation about it, you have to know something is wrong. When knowing their background and their involvement in running multiple similar scams both on token platforms and bitcoin blockchain, everything starts to make more sense...

time shares are a scam. yet there is a market for them
counterfeit money is a scam.. yet there is a market for them

just because there is a market does not mean they are not a scam

i think its time you do dis-continue this conversation, and then use the time to realise how bitcoin works and how PROOF of transfer works.

PROOF of transfer.. emphasis on the PROOF part

by the way there is a simple way that casey can actually include another feature that already exists in bitcoin to then enable his ordinal scam to have PROOF of transfer to actually make his scheme more legit. but hey if he cant figure it out and none of his scam artist community of snake oil salesmen meme sellers cant figure it out. then good
let them continue digging a hole for themselves

franknbeans

try to learn

try to read

you say i am the one who is ignorant yet ive very clearly demonstrated ive a better grasp of not only how the ordinals protocol functions but how NFTs in general function

not forgetting the NFT market which you have never cared the slightest bit about

which is why its very silly to continue this conversation as you have nothing interesting or new to add to it, just the mindless repetition of your opinion... based on nothing but steadfast ignorance and an unwillingness to LEARN

yep you are just wasting everybodys time at least 90% of the time

heck your desire to prove that you are a big man who is never wrong clearly overshadows your desire for education and thus there is no point in continuing on with you

this has been obvious in your posts for the last five years at a minimum

i recommend everybody do their own research on the matter instead of wasting their time attempting to apply franky's unsourced drivel to reality... it is the same as attempting to hammer a trapezoid through a circular hole

as for nuttys apple narrative

the analogy is more like

nuttys girlfriend who is a apple farmer etched/carved a dickpic into the bark of an apple tree. and then plucked a couple apples off the tree and gave them to a couple people and said one of you owns the dick etch..
saying how the seed of the apple proves the dick etching..

but it does not. there is no dick etch reference in the dna of the apples seed nor does the apples show proof of one or the other being an owner of the tree let alone the etching.. neither of either holders of an apple proves which apple holder is the owner of the etching in the mother tree.. infact no matter what the apple farmer says.. the etching is still stuck on the mother tree on the farm. and does not move

the apple farmer may say person A owns it. but can easily without asking for proof of apples. say B owns it tomorrow because there is nothing in the apples to say otherwise

....
the protocol sets the blockdata and the blockdata proves the protocol
thus the block data stops random idiots from changing the protocol so easily

but caseys ordinals does not have any proof of transfer on the blockdata to lock in the code. thus the code can change..

so save having to repeat the obvious in many posts becasue nutty cant quite grasp reality/logic.. ill just say it a couple times in this post..

if nutildah wants to remain ignorant.. thats up to him

funny part is nutildah cant even answer the question i last asked about the human readable transaction example i gave

which reveals alot about stuff nutildah cannot understand so avoids discussing

caseys ordinals scheme does not have the blockdata proof... it only has one side. the edicable code.... and because its not locked by block data to enforce/ensure the code stays inline. the code can change with an easy decision, pretty much one line of code change

atleast learn the purpose of a blockchain. and how important the blockchain is to a successful economic syste

i know you fangirl over systems without blockchain. but your fangirling insecure stuff

try to learn the purpose of blockchains and the symbiosis between protocol and blockdata
learn which proves which and which restricts which

learn the function of each...

then you will realise is something is not enforced by valid data. then the rules can change without playing with data. meaning the rules are not immutable. the rules are just crappy decisions that can change

rules that can change so easily is a bad system.
rules that are not even rules is a broke system
casey can easily change the code to display different owners by changing one line of code. thats how broke it is. because the rules are not protected or enforced nor proven in blockchain data

if a bank told you to put gold in a vault. but then didnt give you a key or a receipt or any contract to prove the gold is yours.. ,,, guess what its no longer your gold. you have no proof

you can try writing your own code to pretend that it shows something. but if there is no real world data to back it up.. even a court will laugh at you for your failed attempt..

Its a protocol that enforces a separate set of rules that exist outside of what has been coded into the bitcoin core software. Counterparty uses a protocol as well. You can't infer Counterparty NFT transfer just by reading blockchain data with that either. It needs to be decoded with an off-chain PROTOCOL. So why is that OK with you whereas the Ordinals protocol is not?

We've been over this a dozen times and you refuse to take ten minutes to learn how it actually works, thus you will forever be confused. The sad thing is its actually quite simple.


This isn't for you so much as for anybody else who actually cares to understand ordinals:

- The Ordinals protocol is a special set of rules that exists outside of the blockchain (same as Counterparty).
- A data inscription is made in the witness space during the transfer of 1000 sats from one address to another (could be a media file or any kind of data).
- The protocol forever ties one particular sat in the 1000 sat output to the inscription data using Ordinal Theory.
- Per rules of the protocol, ownership of the inscription data is passed from address to address along with the sat assigned to it during the initial inscription. This is accomplished via coin control, aka selecting which input(s) is/are going to be used and for what purpose when making a transaction.

Here's a pretty good analogy:

https://kf106.medium.com/rodamors-bitcoin-ordinals-explained-e0cb775c68dd

Now imagine the apple farm put a stamp of a picture of a monkey on Apple 5006. Congratulations, you are now the owner of the monkey stamp in addition to the apple.

Now franky1 says that because the apple farm didn't clear the apple monkey stamp rules with him, you are not the legitimate owner of the stamped apple. Yet other people are willing to buy the stamped apple from you who agree it is in your possession regardless of what franky has to say about it.


Degen #1 pays you $10 for your monkey-stamped apple. He hands you $10 and you give him the apple. Everybody is happy with the exchange, except for franky1 because he still disagrees with the rules made by the apple farm.

heres an idea for you..

look at the blockchain data. not your ordinal website descriptions

have a really good look at the blockchain data and notice how there is no proof of transfer

.. yes your idols website can say any BS it likes but if you look at the blockchain data. you will notice the websites description is the BS

i can say that a particular output is actually the moon coded into astronomical significance of charting the movements of the moon. but then reading the actual blockchain data you will see its not

what casey says in his websites and code. does not compute to what is actually proven in blockchain data.

here is an another idea
(human readable version)

1Dumbguynutty 0.0000101 -> 1Dumbguynutty 0.00001
{meme included in witness}

1Dumbguynutty 0.00001 -> 1Dumbguynutty 0.000003
                                          1Dumbguycasey 0.000003
                                          1Dumbguycrapy 0.000003

without anything but reading the transaction. can you see any proof in the transaction that PROVES that the meme has moved to any other person. and shows proof of which person it goes to.... no? well thats the problem your ignoring

there is a MASSIVE difference between what is said and seen at software GUI level vs what is immutable and proven at blockchain level

if you cant tell the difference. thats your problem

LOL, says the guy who continues to insist everything must function according to their dreamed-up specifications. What part of "Protocol" don't you understand?


My Wojak Andrew Tate avatar wasn't doing me much good, I had grown bored of it, what's the difference. Your opinion of me doesn't change the fact you don't understand how Ordinals works. That you have to result to personal attacks doesn't bode well for the strength of your argument.

you have know clue about proof of transfer
it does not have proof of transfer on the blockchain.. its just pretending to have PoT at the GUI level of code. not hard data

the output number can be changed at code level without breaking blockchain data because the blockchain data does not include references to LINK/chain ownership together

image i made an ascii ordinal meme with just "idiot" in the creation tx.  there is no subsequent reference in any child/descendant tx that PROVES the ownership transfer went to any particular output

one other thing to note
if you were so rich from selling ntf. you would not need to penny pinch sig-spam the forum, so the need for you to sig-spam this forum shows your not successful financially

i can understand a noob needing to sig spam because they are starting up, are new. yet you, being here a few years still are penny pinching, which shows alot about your lack of successes


i know your scared that once people wise up and realise they paid for something that the original owner did not give them and thus may cause those scammed buyers to come calling for refunds or at worse suing you and your friends that adore these crap memes.. but maybe take the opportunity to not promote them and stop scamming people to reduce the headaches later


funny thing is there is a easy way to create a proof of transfer method, without changing code.. yet ordinals does not use it meaning all them memes are scams

and if you cant figure out a way to create a proof of transfer mechanism, it shows you have no clue about the requirements of a proof of transfer

Hilarious that you two still believe your personal definitions are at all relevant.

You don't dictate the reality of the situation as the market does not care what you think, at all.

Much like Counterparty, Ordinals is a protocol for NFTs on the Bitcoin blockchain. It contains:

- a method for tokenization
- a method for transfer
- an active market of participants.

An Ordinal is as much a Non Fungible Token as anything using the ERC721 standard on Ethereum. I know I say this a lot but its a matter of understanding what you're actually talking about rather than an opinion.

Actually NFT price depends upon the rarity and demand of image. Rare the NFT, higher the price will be. in the real world we have seen that one big branded company logo are highly demanded and one simple logo which can be easily created by any user worth more than 5000$. similar NFT price depend upon the creator such as Degods,punks and other big name. NFTS is not just an image as many users thinking but it has also many other Usecase too and in the future we can expect that every artist, stadium ticket will be in the form of NFt.

Btc ordinalwallet nft is also more demanding because of new hype and specific Satoshi number allocated to it. peoples are taking small risk if 10$ to secure place under 1 million and in two years if it reached 1 billions the price of nft under 1 million will worth more. when i was creating this topic total nft minted was under 500k and now number of minting NFTS are almost double.

Spamming the mempool is the nicest description.

At worst, ordinals might be considered a DDoS (distributed denial of service) attack.

I'm aware of the real purpose of NFT, and actually I own few NFTs in Rollbit. I get so many benefits like profit sharing and monthly free bet tickets by owning them there. The only thing that concerns me is some NFTs made by some random companies/artists that doesn't offer any value on it. They think NFT is a normal gallery to sell their paintings or artworks with expensive price tag. You can check this an example, what's the point someone purchases this photo.


Well that's the price I paid for one NFT in Rollbit. Like I mentioned above, Rollbit offer generous benefits by owning their NFT, which you can earn $30-100 monthly by just holding it from profit sharing program, depends on its rarity. Beside that, you can sell it anytime in their marketplace. But I dont know about other NFTs and what values the creators offer in it.

I can't understand why people love NFT? What is the point of getting a picture and paying money for it? I used to think that the targets would be the rich stuff but it is strange to find the average person paying $1,000 for such nonsense.
I do not know why there are economic and other fees, but they are like by writing your name as OP_RETURN on the blockchain

 


Thanks so much for the info you both.

So you mean to say that apart from people maliciously spamming the mempool, there are a lot of naive people like the OP who haven't heard about what you have just explained?  I didn't know that either but at least I don't spam the mempool.

these ordinal crap memes are not actual NFT

they have no true blockchain based proof of transfer

yes "software" can analysis and decide what it wants to show and choose as the output path. but nothing in pure blockchain data shows the path using proofs

bitcoin value(btc) does show proof of transfer.. but the crappy memes dont. its just dead weight.

once people realise it they will realise they have been suckered into paying for a meme thats not spendable. unless they find another fool to dupe into buying it.

and we should not be trying to advertise or promote trading value for memes that have no real ownership transfer as it then gives bitcoin a bad name by having a fake nft system scamming people. we need to stop the spammy scammy memes. or have the project manager use his brain to work out a simple way to make it proof of transferable.

there is a way. but i prefer he just dont spam blocks. so im not helping him out to fix his cludge