Popular and Lucrative Ordinals Bitcoin NFTs- Where are my Ordinals Experts at?

tread93

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Quote from: Z390 on July 14, 2023, 01:14:19 AM

To be honest, if I have to add anything ordinals to my crypto portfolio it will be Ordi Protocol, I know it's crappy but it already make name for itself, whenever Bitcoin pumps this ORDI follows, that makes it a good one to look out for but for profit making purposes only, I am not saying it's a best bet but if you diversify you will be fine, and don't forget to take profit on the way up.

I am not a fan of NFTs and I am not a fan of crappy looking pictures on Bitcoin either, but remember that sometimes in crypto space, unnecessary innovations like this makes the biggest money and they happily goes down the drainage after, buy the rumor and sell the news is always a good stuff in the crypto ecosystem.

If you can play your cards right you will win big with crypto in the coming bull market.

Damn Z390 you were spot on, I wish I would have paid this comment more mind because ORDI is up like crazy!!! An I too late to the Ordinal party?!

Iranus

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Quote from: yhiaali3 on July 20, 2023, 09:58:25 PM

Quote from: Iranus on July 20, 2023, 09:44:36 PM

Bitcoin maximalists will certainly hate bitcoin NFTs the same way they treat altcoins, but those who enter this market with the sole goal of making money and always putting profits first should not ignore Ordi Protocol. I don't know what its future holds but speculating in them is profitable for many people so there's no reason to reject it.

As a crypto investor, don't just focus too much on bitcoin and miss out on other opportunities. The opportunity to make money will not be too much and we should make the most of it but also do not forget the risks that we face.

I agree with you on this point of view. There are people who always look suspiciously at everything new, even Bitcoin itself. The same thing happened to it at the beginning of its invention. Many people were suspicious of Bitcoin and described it as just scam.

On the other hand, yes, we are in this space for profit and investment in the first place, so we must be flexible and not be fanatical about one idea only, we must not focus on one thing and try to seize opportunities to obtain gains, whether from Bitcoin or new things that appear in this space.

Honestly, I don't want to go to war with bitcoin maximalists because they have a mind of their own. This is not a religion, its a financial and investment market, not a place to worship and worship anything. Therefore, we should have fair comments with each other instead of having unnecessary arguments. Arguing won't make us rich and let's not forget what our purpose in this market is. Do we enter the market for profit or to prove ourselves right and become poorer?

larry_vw_1955

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Quote from: yhiaali3 on July 20, 2023, 09:58:25 PM

I agree with you on this point of view. There are people who always look suspiciously at everything new, even Bitcoin itself. The same thing happened to it at the beginning of its invention. Many people were suspicious of Bitcoin and described it as just scam.

some people still are suspicious of bitcoin and think of it as a scam. but most people kind of accept that it is not just a total scam.

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On the other hand, yes, we are in this space for profit and investment in the first place, so we must be flexible and not be fanatical about one idea only, we must not focus on one thing and try to seize opportunities to obtain gains, whether from Bitcoin or new things that appear in this space.

some people just prefer storing their net worth in bitcoin although that does expose them to price volatility but they probably think it is "going up". the problem that happens if it goes down though is it kind of forces them to be patient and not spend their money. until it goes back up. Shocked

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Quote from: Iranus on July 20, 2023, 09:44:36 PM

Bitcoin maximalists will certainly hate bitcoin NFTs the same way they treat altcoins, but those who enter this market with the sole goal of making money and always putting profits first should not ignore Ordi Protocol. I don't know what its future holds but speculating in them is profitable for many people so there's no reason to reject it.

As a crypto investor, don't just focus too much on bitcoin and miss out on other opportunities. The opportunity to make money will not be too much and we should make the most of it but also do not forget the risks that we face.

I agree with you on this point of view. There are people who always look suspiciously at everything new, even Bitcoin itself. The same thing happened to it at the beginning of its invention. Many people were suspicious of Bitcoin and described it as just scam.

On the other hand, yes, we are in this space for profit and investment in the first place, so we must be flexible and not be fanatical about one idea only, we must not focus on one thing and try to seize opportunities to obtain gains, whether from Bitcoin or new things that appear in this space.

Iranus

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Quote from: Z390 on July 14, 2023, 01:14:19 AM

To be honest, if I have to add anything ordinals to my crypto portfolio it will be Ordi Protocol, I know it's crappy but it already make name for itself, whenever Bitcoin pumps this ORDI follows, that makes it a good one to look out for but for profit making purposes only, I am not saying it's a best bet but if you diversify you will be fine, and don't forget to take profit on the way up.

I am not a fan of NFTs and I am not a fan of crappy looking pictures on Bitcoin either, but remember that sometimes in crypto space, unnecessary innovations like this makes the biggest money and they happily goes down the drainage after, buy the rumor and sell the news is always a good stuff in the crypto ecosystem.

If you can play your cards right you will win big with crypto in the coming bull market.

Bitcoin maximalists will certainly hate bitcoin NFTs the same way they treat altcoins, but those who enter this market with the sole goal of making money and always putting profits first should not ignore Ordi Protocol. I don't know what its future holds but speculating in them is profitable for many people so there's no reason to reject it.

As a crypto investor, don't just focus too much on bitcoin and miss out on other opportunities. The opportunity to make money will not be too much and we should make the most of it but also do not forget the risks that we face.

larry_vw_1955

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Quote from: franky1 on July 18, 2023, 10:05:20 PM

idiots thinking these ordinals junk are nft do so becasue they dont know the code, economics or logic or math. they simply download a wallet that creates the transactions for them.

its especially funny how larry in this topic has not learned the fatal flaws of the ordinals junk, yet pretends he knows bitcoin well enough to get involved and promote the junk

so if larry can fall for it and believe they have value, then that should be proof enough that idiots fall for the scam, because he himself is the proof

they're even better than traditional nfts franky in the sense that the data is stored on chain and so there's no chance of the image disappearing when someone stops paying for the webspace hosting...

ask yourself if you were going to buy an nft of a monkey would you rather it be stored on chain or on some cloud hosting on AWS which will disappear oneday. which is why some people might prefer bitcoin nfts to the standard ones you find on ethereum. just saying.

tread93

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Quote from: nutildah on July 13, 2023, 04:55:10 AM

Quote from: pooya87 on July 13, 2023, 04:05:10 AM

Whereas the Ordinals junk is just junk and it is worthless because unlike things like fiat it has no utility.

Something doesn't have to have utility to have value. For example, these regularly trade between $80k and $250k:

Its just a token with an invalid pointer to a json file. The image isn't even embedded in the blockchain or stored anywhere permanent. It offers no utility to speak of, yet it fetches a high price in open markets because it is desired by collectors.

While the value of many (even most) Ordinals up for sale is indeed driven by Ponzi-nomics and will trend toward zero, some of them will retain value among collectors; especially the first Ordinals of any significance. Their significance and value exists independent of your or my opinion.

Good point! The first editions of anything for the most part if they're popular to some extent generally trade for higher values then any other versions. I think this is also pretty much the case with Ordinals, and we're still pretty early!

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Quote from: franky1 on July 18, 2023, 10:05:20 PM

idiots thinking these ordinals junk are nft do so becasue they dont know the code, economics or logic or math.

As has already been explained to you multiple times, they are NFTs as they have been defined as such in popular culture. You don't get to decide what words mean -- people do as a collective.

And as always, insulting people that disagree with you doesn't change the fact that you are wrong. Its not a matter of understanding "code, economics or logic or math" so much as how words are defined.

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idiots thinking these ordinals junk are nft do so becasue they dont know the code, economics or logic or math. they simply download a wallet that creates the transactions for them.

its especially funny how larry in this topic has not learned the fatal flaws of the ordinals junk, yet pretends he knows bitcoin well enough to get involved and promote the junk

so if larry can fall for it and believe they have value, then that should be proof enough that idiots fall for the scam, because he himself is the proof

larry_vw_1955

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Quote from: DooMAD on July 18, 2023, 09:22:41 AM

We likely don't hear from most of them. There must be plenty that lose their money and call it a day. And if people are walking away forever based on that experience, it's far from ideal. I wouldn't like to see large numbers of new users getting ripped off and becoming disillusioned, so it's better to make people aware of those who might prey on the inexperienced.

you would think that someone with the expertise/know-how to actually become involved in buying-selling of NFTs would not need a warning that it is a speculative thing and not guaranteed to produce any particular result. it's not like vegas where you can just wonder in off the street and plunk your money down on the craps table and say "put it on red".

with bitcoin you have to first understand how to get bitcoin into a wallet and then understand how to buy and sell bitcoin nfts and how to buy and sell your bitcoin etc. it just boggles my mind how someone could be inexperienced yet know how to do all of those things...

but yeah i agree with you that people who lose money you're not going to see them making instagram quick videos of that fast cash. Shocked

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Quote from: larry_vw_1955 on July 16, 2023, 09:21:53 PM

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If they are used properly as a tool to represent real-world assets like financial documents, deeds, wills, etc, then that would be a world in which I can accept Ordinals.

i'm sure franky would still be against that since he considers it to be polluting the blockchain, thus making it more expensive for him to send bitcoin. as though that's the only reason bitcoin should exist...for him to be able to send money cheaply. and anything that interferes with that is not to be allowed. what a short-sighted, unfortunate view he has since it will end up crippling bitcoin if people like him was in control. he wants it to be just like it was in 2009 or 2010. those days are gone franky and no one wants them back except people like you who are sitting on a mountain of money. Shocked

I wouldn't worry too much about that. As long as he's not successfully poisoning the minds of impressionable newcomers, he's largely impotent. Alone, he can't do anything. And he'll probably always be alone, because he has a remarkable talent for alienating people and turning everyone against himself. The moment someone doesn't accept one of his delusions, he attacks them, insults their intelligence, etc. Those who don't adapt to technology get left behind. Hence why he's still stuck in 2016 and everyone else has moved on.

Quote from: larry_vw_1955 on July 17, 2023, 08:49:27 PM

Quote from: SamReomo on July 16, 2023, 11:04:23 PM

You're absolutely right the scams will always find their victims and the scam of ordinals are also getting their victims in order to show them that they can earn huge amounts by investing their real Bitcoin for those stupid jpeg files that are valueless and they doesn't even contain the elements of quality that one should even spend a $1 of those useless tokens. They have just found their way to convince those who don't have strong will power or deeper understanding of the things, and those well known manipulators who created those ordinals earned enough money from their scams that they would enjoy their dam lives by creating much congestion on the network of Bitcoin.

where are all the victims? i certainly haven't seen any here on this forum. not that i would feel sorry for them anyway. just like i don't feel sorry for someone that goes and gambles in las vegas and doesn't happen to win at craps. you might feel sorry for them the first time they lose but not if they keep on coming back for more destruction...

We likely don't hear from most of them. There must be plenty that lose their money and call it a day. And if people are walking away forever based on that experience, it's far from ideal. I wouldn't like to see large numbers of new users getting ripped off and becoming disillusioned, so it's better to make people aware of those who might prey on the inexperienced.

larry_vw_1955

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Quote from: SamReomo on July 16, 2023, 11:04:23 PM

You're absolutely right the scams will always find their victims and the scam of ordinals are also getting their victims in order to show them that they can earn huge amounts by investing their real Bitcoin for those stupid jpeg files that are valueless and they doesn't even contain the elements of quality that one should even spend a $1 of those useless tokens. They have just found their way to convince those who don't have strong will power or deeper understanding of the things, and those well known manipulators who created those ordinals earned enough money from their scams that they would enjoy their dam lives by creating much congestion on the network of Bitcoin.

where are all the victims? i certainly haven't seen any here on this forum. not that i would feel sorry for them anyway. just like i don't feel sorry for someone that goes and gambles in las vegas and doesn't happen to win at craps. you might feel sorry for them the first time they lose but not if they keep on coming back for more destruction...

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Quote from: pooya87 on July 13, 2023, 04:05:10 AM

I don't remember anybody saying these junks aren't going to be traded. After all scams will always find their victims. They just change tactics and sometimes get more complicated with a prettier front making it harder to detect the scam underneath. I remember the early days one of the most popular scams were "bitcoin doublers", they started by convincing newbies that they had "found a way" to double their coins in 24 hours if they sent them their coins. Eventually it became a thing where they no longer claimed to have any kind of magical exploit in the protocol and just came out with it and said it is a Ponzi scheme and people still sent them their coins!

You're absolutely right the scams will always find their victims and the scam of ordinals are also getting their victims in order to show them that they can earn huge amounts by investing their real Bitcoin for those stupid jpeg files that are valueless and they doesn't even contain the elements of quality that one should even spend a $1 of those useless tokens. They have just found their way to convince those who don't have strong will power or deeper understanding of the things, and those well known manipulators who created those ordinals earned enough money from their scams that they would enjoy their dam lives by creating much congestion on the network of Bitcoin.

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The two are not comparable though. When fiat like dollar is printed, it makes it worth less not worthless (that is to dump in value!). Whereas the Ordinals junk is just junk and it is worthless because unlike things like fiat it has no utility.

NFT's are not ordinals and they are totally different from each other. The NFT's are not created in a way that they might cause any kind of network congestion while the useless ordinals are known to cause congestion in Bitcoin network. Those useless tokens are worth nothing and that's why it's better to avoid those at any cost. The only similarity between an NFT and an Ordinal is that both of those are just useless jpeg files and nothing else.

larry_vw_1955

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Quote from: DooMAD on July 15, 2023, 07:23:06 AM

The overall concept still has potential, even if the current implementation and intent behind it leaves a lot to be desired.

Once all the mindless speculation stops and things are built correctly, using something efficient, like Taproot Assets, I'm still fairly confident there is genuine utility to be found. The only reason people are writing it off is because it's currently poorly implemented and because unscrupulous people are using it for blatant profiteering to sell the digital equivalent of magic beans to gullible suckers.

I don't see Ordinals as "lucrative" (as per OP) in any way, unless you're the type of person (not you personally, nutildah, but in general) who somehow still sleeps at night knowing they've taken advantage of someone. If they are used properly as a tool to represent real-world assets like financial documents, deeds, wills, etc, then that would be a world in which I can accept Ordinals. Until then, however, it's a sleazy, underhanded crap-fest, much like ICOs, forkcoins and other the other speculative-bubble-abuses that have occurred previously. I want no part of that.

franky's misconceptions about people really needs to be put in to check. maybe he'll read your stance and realize how he shouldn't just stereotype people with labels when clearly he's just doing that for his convenience but at the expense of smearing their name a bit...

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If they are used properly as a tool to represent real-world assets like financial documents, deeds, wills, etc, then that would be a world in which I can accept Ordinals.

i'm sure franky would still be against that since he considers it to be polluting the blockchain, thus making it more expensive for him to send bitcoin. as though that's the only reason bitcoin should exist...for him to be able to send money cheaply. and anything that interferes with that is not to be allowed. what a short-sighted, unfortunate view he has since it will end up crippling bitcoin if people like him was in control. he wants it to be just like it was in 2009 or 2010. those days are gone franky and no one wants them back except people like you who are sitting on a mountain of money. Shocked

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Quote from: nutildah on July 13, 2023, 11:45:53 PM

It's a shame because Ordinals could have actually had real utility but the problem is 99% of the focus went into BRC-20 and hyping clones of pre-existing projects (Bitcoin Punks, Bitcoin Apes, etc.), which is why so many bitcoin maxis are keen to instantly write it off altogether.

The overall concept still has potential, even if the current implementation and intent behind it leaves a lot to be desired.

Once all the mindless speculation stops and things are built correctly, using something efficient, like Taproot Assets, I'm still fairly confident there is genuine utility to be found. The only reason people are writing it off is because it's currently poorly implemented and because unscrupulous people are using it for blatant profiteering to sell the digital equivalent of magic beans to gullible suckers.

I don't see Ordinals as "lucrative" (as per OP) in any way, unless you're the type of person (not you personally, nutildah, but in general) who somehow still sleeps at night knowing they've taken advantage of someone. If they are used properly as a tool to represent real-world assets like financial documents, deeds, wills, etc, then that would be a world in which I can accept Ordinals. Until then, however, it's a sleazy, underhanded crap-fest, much like ICOs, forkcoins and other the other speculative-bubble-abuses that have occurred previously. I want no part of that.

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Quote from: nutildah on July 14, 2023, 11:46:24 PM

Quote from: pooya87 on July 14, 2023, 03:09:14 AM

That's true you can put dog poop in a bag and sell it for a million dollar.

I realize you are just trying to be insulting but this is a pretty ridiculous thing to say no matter how you dice it. You should try it and see what happens. I wish you success.

Quote from: franky1 on July 14, 2023, 04:55:11 AM

funny part is about larry and nutildahs delusions is that the junk is not part of the secure blockchain. the junk can be pruned off without destroying the txid that forms part of the merkle tree thats written into the blockheader..

Several people (including me) have brought this up before and you proceeded to lecture everyone about how they would no longer be running full nodes.

Quote from: franky1 on June 10, 2023, 04:49:23 PM

funny.. coming from the guy that wants people to prune thus no longer be full nodes.. both by not requiring to need to fully validate transactions (your love of backward compatibility of telling people they dont need to upgrade their node when new features arrive) and your adoration of pruning data thus not having FULL data to analyse or pass to other peers.

Quote from: ?? on ??

if you like having a node that prunes and also doesnt have strong consensus rules to verify everything. then you are running a FOOL node not a FULL node

Quote from: franky1 on February 24, 2023, 05:01:37 PM

nodes that prune are declared as fool nodes not full nodes
because the full blockchain data and verification system are for full nodes. emphasis on the full

Quote from: franky1 on March 05, 2023, 10:04:08 AM

i know you prune so dont care about blockchain data and your not a full node so you personally dont see it.

funny part is im not suggesting you to become a pruner. im using the term pruning as an example display of how much the junk is not part of the real immutable blockdata.. an example of something that might actually give you a insight into how the junk does not break the merkle tree

it was your friend larry that suggested people become pruners

larry_vw_1955

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Quote from: pooya87 on July 15, 2023, 12:04:02 AM

You are forgetting the witness transaction IDs and the fact that a merkle root hash of wtxids (computed using everything in a tx including the junk) is also created and stored in an output of coinbase tx and is verified as part of the consensus rules to prevent transactions inside the blockchain from being modified when relaying blocks.

oops. i guess franky might have slipped up on his idea of how to debunk ordinals by claiming how they are subject to modification and being overwritten by something else in the case of a chain reorganization. but he sounded convincing but i'm glad you set him straight...

Quote from: franky1 on July 14, 2023, 11:35:29 PM

larry you really have no clue about bitcoin at all...

but i think you might have been wrong franky about the chain reorg not requiring re-hashing...pooya tried to explain it to you. now i'm no expert but he seemed to be speaking from a position of knowledge there. i want to give you the benefit of the doubt franky but if you turn out to be wrong in this situation, then you made a huge oversight and i'm not sure you're as smart as I thought you are. Shocked

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Quote from: franky1 on July 14, 2023, 04:55:11 AM

funny part is about larry and nutildahs delusions is that the junk is not part of the secure blockchain. the junk can be pruned off without destroying the txid that forms part of the merkle tree thats written into the blockheader.. meaning in the case of a chain re-org or an event where sybil nodes broadcast blocks with a different 'weight' element to a block. they can broadcast different junk attached to the same txid of historic blocks and not get rejected. without having to actually re-hash historic blocks..

You are forgetting the witness transaction IDs and the fact that a merkle root hash of wtxids (computed using everything in a tx including the junk) is also created and stored in an output of coinbase tx and is verified as part of the consensus rules to prevent transactions inside the blockchain from being modified when relaying blocks.

The whole SegWit soft fork would have been broken if what you described were correct, not just the Ordinals Junk.
In simple terms, like before if you change a single bit anywhere in a transaction you have to mine the whole block again, and essentially perform a 51% attack to change the chain.

Quote from: larry_vw_1955 on July 14, 2023, 10:03:50 PM

it is part of the protocol. there is no exploit at this point. if there had been it would have been fixed by now.

Being part of the protocol needs actual script that is verified and enforced by the protocol not arbitrary data that is only being pushed to the chain to be verified and enforced elsewhere (ie. on a centralized website).

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i would prefer you to come up with a better word than "attack" to describe ordinals it's not an attack it is just a use case of bitcoin.

Ordinals is using an exploit in the protocol where certain limits were not introduced in SegWit scripts where it allows injecting large arbitrary amount of data into the chain to abuse Bitcoin as a cloud storage ergo it is an attack.

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Quote from: pooya87 on July 14, 2023, 03:09:14 AM

That's true you can put dog poop in a bag and sell it for a million dollar.

I realize you are just trying to be insulting but this is a pretty ridiculous thing to say no matter how you dice it. You should try it and see what happens. I wish you success.

Quote from: franky1 on July 14, 2023, 04:55:11 AM

funny part is about larry and nutildahs delusions is that the junk is not part of the secure blockchain. the junk can be pruned off without destroying the txid that forms part of the merkle tree thats written into the blockheader..

Several people (including me) have brought this up before and you proceeded to lecture everyone about how they would no longer be running full nodes.

Quote from: franky1 on June 10, 2023, 04:49:23 PM

funny.. coming from the guy that wants people to prune thus no longer be full nodes.. both by not requiring to need to fully validate transactions (your love of backward compatibility of telling people they dont need to upgrade their node when new features arrive) and your adoration of pruning data thus not having FULL data to analyse or pass to other peers.

Quote from: ?? on ??

if you like having a node that prunes and also doesnt have strong consensus rules to verify everything. then you are running a FOOL node not a FULL node

Quote from: franky1 on February 24, 2023, 05:01:37 PM

nodes that prune are declared as fool nodes not full nodes
because the full blockchain data and verification system are for full nodes. emphasis on the full

Quote from: franky1 on March 05, 2023, 10:04:08 AM

i know you prune so dont care about blockchain data and your not a full node so you personally dont see it.

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larry you really have no clue about bitcoin at all...

how come you cultish idiots take years to learn the basics about bitcoin and even when someone tells you how things work you jerks get it all wrong by even misinterpretating the basics and then you cry about how much you got it wrong by pretending someone mis-informed you.
try learning properly for once

i feel sorry for you in so many ways but when it comes to scams like this i think you deserve to learn the hard way and lose your money if you want to continue promoting the scam

and if you dont think you will lose. just take a look at your mentors and realise that for the many years they have been involved in bitcoin they are still penny pinching and scamming just to try to survive on basic living costs.. if they were at all successful they would not need to be sig spamming posts for pennies. so realise they have not made a success in their schemes, so try not to follow their path

the empty promises of future scammed riches is a totally different scenario from securing your wealth now.. learn stuff, learn how things actually work and then actually care about bitcoins longevity rather than a scams proposition which can ruin bitcoins proposition

Topic: Popular and Lucrative Ordinals Bitcoin NFTs- Where are my Ordinals Experts at? (Read 489 times)