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luke500
@iamluke
I am having a little rant while sharing a couple of reflections on X. About the Bitcoin Ordinals provenance tools and capabilities. As a collector first and as advisor second, I believe we should do better. The information for artists is still very fragmented, while the focus of certain platforms is on PFPs/speculation. JSON are a crucial element on the Artist's journey on Ordinals, and they are very important as much as the golden standard parent-child provenance. https://x.com/lukefivehundred/status/1836036616265081016
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Waiting To Be Signed 🎩
@wtbs
Read this and all it does is convince me it's not worth paying attention to anything on bitcoin (other than bitcoin itself). Collectors, Artists, curators etc. should not need to learn about this stuff.
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luke500
@iamluke
Wow. Mind to articulate a bit on why, Will? Quite a hot take, I’d love to hear more. :) Just today @phenomena is auctioning a stunning seminal work, inscribed on Bitcoin. I came from an original pov that NFTs were compete scams entirely so I like extremes and to debate them whenever possible
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Waiting To Be Signed 🎩
@wtbs
I saw the work in person in Berlin! Personally I don’t think that the “responding to the blocks” aspect of some of these works is interesting, but I can see the appeal. What I mean is the need to understand the parent/child, sat rarities, etc. The emphasis on the kind of sat something is inscribed on feed particularly arbitrary and only relevant for the purpose of speculation. Net net there is nothing about the added complexity and friction of putting art on bitcoin that seems to merit the excitement. I want functional wallets & easy (easier) to understand ecosystems so the art becomes more of the focus.
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luke500
@iamluke
Thank you! And I agree completely with your points! Isn’t art intrinsically speculative by nature? :) the value proposition of Bitcoin ordinals, in my humble opinion is that you can download the whole ledger and forget about IPFS and monthly fees to keep those alive. Not saying in anyway it’s superior or anything like that, but a bitcoin node is all needed to “backup” and secure the art. I think this is something at least. 🤷♂️
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Waiting To Be Signed 🎩
@wtbs
doing research for an upcoming interview all about this subject and as of now I don't see any compelling argument for one chain being better than another for the purpose of security/preservation. Hopefully that will be out before the end of the year. So another point there to go with what is easy and lower friction than trying to contrive a reason to work with the most hostile chain.
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