Post
Topic
Board Bitcoin Discussion
Re: On Ordinals: Where do you stand?
by
larry_vw_1955
on 19/02/2023, 23:47:01 UTC

Why didn't you correct him on how the system actually functions?

thanks nutildah, i was a bit confused on how it exactly works but i know you mentioned once and now twice that it doesn't get transferred to each new transaction. i wasn't quite sure what franky was saying but now i think i understand what both of you are saying. but imma have to look into the details myself to get a better understanding so thanks for pointing them out.  Grin

Quote from: franky1
but yes. this junk is junk and not even a NFT thing. as its not a solid method of ownership control.
i'll have to look into this aspect of it franky but one thing i can say for sure is it's very easy to counterfeit an ordinal. just mint the content in a new bitcoin transaction and now you own a bored ape or whatever other "nft" you wanted! seems so easy right? the only thing that proves yours is not the real one is if someone else's has a lower inscription #. you could make 1000 bored apes if you wanted to and no one can stop you!  Shocked