Yeah i dived right into a new pool here from Twitter and Reddit where people are cheering over this as the next great thing in the universe. And it seams mostly fueled by hope of selling overpriced jpg's to other fools who hope to do the same thing. And nobody seams to be thinking any further than that.
Exactly. But this has been a plague that has infected the cryptocurrency scene mainly from 2017 when the ICO scams started becoming very popular and we had a mania for a while. Ever since then a certain part of the community is convinced that creating useless tokens is a real "utility" that helps adoption!
So i am not 100 on how this all works, but do i also have to be watching out for what's on Sats that i receive?
As i have understood it, had it explained to me: An Ordinal is all extra data on each Sat?
I tried to simplify it
here, maybe that helps.
In short there is nothing attached to the "satoshis" you receive, they are inside the witness of the transaction the sender creates and shouldn't concern you in any way. It also has nothing to do with the amount (or satoshis) regardless of what the advertisers say (eg. "rare and exotic sats"), it is just an arbitrary data pushed to the witness stack.
By sender, you mean the guys running Bitcoin nodes. From what I've read they are the ones who can only create ordinals?
Community is divided I guess about this Ordinals. While the other half find Ordinals as another use case the other half I guess find Ordinals unnecessary as it increases network fees and is a waste of block space.