Topic: Popular and Lucrative Ordinals Bitcoin NFTs- Where are my Ordinals Experts at? - page 2. (Read 426 times)

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

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. i understand how someone may not like the particular use case but i don't think we have a right to tell people what bitcoin is or isn't. the market decides that. the people that are using bitcoin help decide its direction. and you don't agree with them using it in a certain way. and that's your problem. not theirs.

then you've solved your own problem. just do that and you'll never have to complain about ordinals taking up space on the blockchain again! 

there you go then. now all you have to do is make some blockchain reorganizations and you've gotten rid of casey for good. you've solved the problem so congratulations. end of ordinals. not only could you take down ordinals you could take down bitcoin too if you wanted but maybe that's for another day?

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..

have a nice time researching that.

the junk does not sit within the elements that form the standard txid which forms the merkle tree that form the blockheader that form the blockhash..

now when you realise this and realise that the junk is junk and not part of a standard tx.. then you will learn its not secured

learn how things like txid work, learn about merkle tree learn about block hash and learn about data segregation/pruning is possible .. to learn that the junk can be pruned and edited without breaking a txid

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

There is a difference between building something on top of bitcoin and finding an exploit to abuse the protocol.
Your statement also has nothing to do with the fact that the garbage being injected into the blockchain using the Ordinals Attack has zero utility.

LOL that was cute.

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.

The only people, who are making actual money out of NFTs are the ones, who create a bunch of NFTs and then invest in creating hype/fake scarcity/urgency around those NFTs. When the hype hits the roof, they sell those overpriced NFTs and take the profits.
Good luck trying to make big long term profits by buying and reselling NFTs. It doesn't matter if it's Bitcoin ordinals or the NFTs that were based on the Ethereum blockchain. Everything is about marketing a creating hype around an overvalued "product".

They're actually on the bitcoin blockchain, via Counterparty. That is the first Rare Pepe, S1C1, of which only 300 were ever made. 2 were burned so now its down to 298.

https://xchain.io/asset/RAREPEPE
http://rarepepedirectory.com/?p=10

It is considered to be a "Grail NFT" for collectors because it is one of the first instances of people using the blockchain (any blockchain) for the purpose of making trading cards. There was actually one other famous project that preceded it, and that is Spells of Genesis. The first SoG card is worth quite a fortune, as well. As is SATOSHICARD, a pretty iconic piece of artwork.


Yes that's quite true.


Actually the price of BTC only started going up after the Ordinals/BRC20 frenzy started to die down. There may be no correlation between that kind of activity and price.

well it's never too late. if there's other good applications for ordinals i'm all ears. the more bitcoin can do and be useful for the better as far as I'm concerned. but i know franky doesn't like that idea.

if bitcoin price goes up then probably ordinals had something to do with it. i haven't heard franky complaining about the bitcoin price so i guess he's ok with that if it happens.

LOL. The only thing we have in common is we aren't afraid to call out franky1 on his bullshit.


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.

One things for certain: if ordinals was designed to be an AtTaCk!!!! on the bitcoin network, it sure was the most expensive, ineffective and pointless attack on bitcoin ever. As a matter of fact, it had the opposite effect by onboarding new bitcoiners -- people who downloaded the blockchain, ran full nodes, and practiced coin control -- things that most "maxis" are too lazy to ever consider.

Current mempool stats:

so bitcoin is not a scam but something built on top of bitcoin is a scam 100% no matter what it is used for.


i wonder what blockchain those things are on then because that's alot of money for a picture! not everyone that uploads a picture of satoshi could be so lucky!
satoshi should sue to get a cut of the action but i guess he's kind of stepped away from bitcoin.

once something is part of a block then you can't go back and change it. that's what security means. you can't change a picture of a monkey to a tiger for example.

so i'm not sure what you're talking about that they don't have security. unless you figured out a way to alter past blocks. but we all know you haven't figured out how to do that.

nutilda will try to say a pile of crap he found at a dog park is value to vets and scientists that want to study the gut bacteria of canines..
everyone else see's its just a pile of crap, that 99.99% of people want to get rid of

when nutilda finally realises that these ordinal junk are not even part of signed tx data but just appended junk deadweight thats not assigned to an output on the blockchain.. he will then realise its a pile of junk that does not actually move with the outputs
he has to learn the hard way (itll take him years) to learn that this junk does not have the same cryptographic security as bitcoin payments do. but oh well if he wants to pretend not to be involved in a scam but secretly wants the scam  to continue. its obvious that he is financially motivated and involved to want it to continue

if he cares more about keeping a scam going which will eventually bring bad reputation to bitcoin for scamming people directly on the blockchain and adding junk porn into it.. rather than caring about lean bitcoin transactions to allow more users to transact bitcoin cheaply.. then its obvious where his allegiances lay

same goes for his buddy larry and the cult mob of doomad, blackhatcoiner, windfury and the usual family of ignorant scam promotors

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.

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!

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.

Unfortunately all of these are just going to hurt us and it is not going to work out in the end neither, not just it will not make you a profit, but it will also clog the bitcoin chain and we are going to have to pay a lot more just because of something people will not make profit from. Do not get me wrong, there will be "some" people who make a profit, but it is not going to be a lot of people and the result will be terrible.

I believe that the best thing to do would be making sure that it is not going to end up getting too famous. If you can handle that then we are going to be doing fine. Hopefully the life of this ordinals thingy will get a lot less and not going to end up with a lot of hype, if that happens we are screwed for sure.

that's worth considering. i guess franky conveniently forgets this fact though since he considers all people that speculate in bitcoin NFTs (aka ordinals) to be outright scammers. but he forgets that he is doing the same exact thing with bitcoin if he's just holding on to it and selling when/if the price gets high.

They are. Its not up to you to decide. Even though your best mate Rodarmor also doesn't think they are NFTs, its not up to him to decide either. Words are defined by their use by the masses. If the masses call ordinals with inscriptions assigned to them NFTs, then they are indeed NFTs.

https://cointelegraph.com/explained/what-are-bitcoin-ordinals

Although I'm no fan of ordinals, you're free to speculate how you want. Most people who made money from Bitcoin was via speculating that the price would go up and just holding. They didn't build anything and didn't even use BTC for what it was made to do, they were speculators.

ordinals are not NFT

dont confuse the two.. wise up.. think for once

who said they all unanimously jumped overnight to the next version? do you have some type of proof they did that?

i'm saying ordinals works as a way to store data on to the blockchain. if people want to use it to store images then i guess that's their business. it is what it is as far as the mechanism being used. any hack like storing data in OP_RETURN would be similar but I don't see you complaining about using OP_RETURN. probably because you're more concerned about how many satoshis you have to pay to send some bitcoin.

i didn't say I would pay a premium for virgin bitcoin but clearly some people would. would you?

when I say monkeys I mean any ordinal. it could be a picture or video or text.

so all the sudden anyone that wants to sell a bitcoin NFT is a scammer. how many friends have you made by stating that as though it were a fact. is a jeweler a scammer just because I think investing in diamonds is a scam? or maybe someone has legitimate reasons to buy his wife or partner a diamond. 

350k junk data doesnt not mean 350k people are involved.. the funny thing is if there was that many random people. then the old versions of junk wouldnt halt pretty much over night to then jump all unanimously overnight to the next version of junk.. it would be a slow transition of some staying with the old some moving to the new.. however that sudden jump from selling scam memes to selling scam json junk is proof that its only a few idiots making alot of junk working and communication together ans a small niche tight group..

and if you still think the junk "works" then i pity your lack of care and understanding of code, logic math and economics. and maybe im starting to think you deserve to lose any pennys you can scrape together

so if you want to pay more than 1 sat for another 1 sat.. then yea you deserve to lose

and by the way... just to show how little you even know about the subject and how little you value research and understanding.. any of the BRC junk. are not even monkeys.. its just text junk.. there have not been 250k monkeys made.. so try a little bit better at checking your sources next time.. research has its advantages

anyways, have a nice loss of your income. just dont go becoming a scammer trying to sell the junk you became victim of that has no proof of transfer. because ignorance is not a defense.. dont cause others to become victim just because you been sold a bag of trash.. accept your loss and move on. dont perpetuate the scam

useless for who? maybe for you but not means for everybody.

but it becomes part of the blockchain and it can't be altered. otherwise ordinals wouldn't work properly. people would be changing monkeys in to cats.

but people trust it and it works so your concern is one of theoretical nature only. very theoretical.

Well in your mind maybe it's broke and maybe you have some reason for thinking that but 350,000 people a day can't be wrong...

Bitcoin NFTs Back in Spotlight as Ordinals Cross 350K Daily Inscriptions
https://www.coindesk.com/markets/2023/07/11/bitcoin-ordinals-back-in-spotlight-with-over-35m-inscriptions/


Did you read that article I mentioned? Notice this part:

The daily tally has surged by over 250% since Ordinals launchpad Luminex unveiled the Bitcoin Request for Comment (BRC)-69 token standard on July 3. The modified version of the BRC-20 standard was launched to reduce the cost of inscriptions for Ordinals by over 90%.


they just keep on making things better. cheaper is better. but I guess we'll have to see how BRC-69 plays out. but clearly someone is using it. otherwise they wouldn't be making 250,000 monkeys per day.  

that's a highly dubious claim. can you prove that? what about virgin bitcoin, i heard people pay a premium for that. so ..?

Bitcoin remains Bitcoin and will not change with the presence of Ordinal.
The space or block used by Ordinal NFT is the development of other developers who utilize Bitcoin network technology.

But does this have a positive impact?
We can see how the impact of network congestion has made the gas fee more expensive due to the increasing number of Ordinal transactions.

They should separate from the Bitcoin network because it only disturbs the network from getting out of control.
But if it is said as an Altcoin, Ordinal NFT also does not enter Altcoins. they must have their own network.