I need someone who’s sane to explain to me how Ordinals aren’t the undoing of bitcoin after reading this Ordinal Theory doc. 1) If I’m understanding this, satoshis are being made non-fungible and if successful to the max, would consume all fungibility of the chain

https://docs.ordinals.com/overview.html

@backpack put a bank in your pocket and use your money whenever, wherever, however without permission

icebreaker.xyz/notdevin

Ordinals have made me more bullish on eth and I’m not chain maxi. I’ll still personally value ownership over BTC to be higher for awhile. The argument that “number so big” for why satoshis can be converted to NFT seems to be the same mistake as using a signed 32bit int for YouTube likes, fine until it’s not

Ordinals are another form of 51% attack, very loosely speaking. To assume that you can have both modalities on a finite chain with no repercussions seems naive, again, I could be smoking crack here. 

BTCs value is to create a standard of relative valuation. Now that function has cancer is all I see.

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

I thought all of that was rather interesting as well!

I just think it's amusing – you'll never see a mythic category ordinal – those sats can't be spent