ordinals

How many of you know that you have been fed a lie regarding Ordinals?

Not sure why the lie is continually perpetuated but the narrative is entirely false.

You are exchanging on-chain ownership for on-chain storage.

Provenance is ownership based - there is no on-chain provenance.

Cybersecurity professional, blockchain aficionado, producer and rapper

Bitcoin was built specifically to handle digital ownership, yet Ordinals throws this out the window just so we can inefficiently store media on-chain.

Is this really what you signed up for? Or have you been misled?

To prove my point, with Ethereum, I can install any Ethereum client and query the chain directly using an on-chain function in a smart contract.

With Ordinals, I have to either install a particular wallet or visit a website that will compute the off-chain ownership details.

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Ownership consensus of Ordinals is 100% off-chain - inscription data is indexed off-chain.

Inscriptions basically work like this: 
1. Send tx with data and sat details to be inscribed
2. Inscription data is then indexed by off-chain services
3. You own a sat that an external indexer says has data from inscription tx