Post
Topic
Board Bitcoin Discussion
Merits 5 from 3 users
Re: On Ordinals: Where do you stand?
by
pooya87
on 21/02/2023, 15:45:14 UTC
⭐ Merited by fillippone (3) ,vapourminer (1) ,ETFbitcoin (1)
On a more serious note: any notarization effort with the Ordinal protocol can only certify the existence of certain documents in a given moment and certify the possession of that document. It cannot assess the validity of such a document or the existence of any other version of it. (I am thinking of using the possession of a certain sat as a digital representation of the possession of something in the real world, such as a car or a house).
There is no reason to use Ordinals attack to do something like that. In Ordinals you will have to first create a new Taproot address created from the script containing the "document" then send some coins to that address (1st tx). Then you'll have to spend those coins so that you reveal the script and the document inside it on the blockchain in another transaction (2nd tx).

You could already do that using OP_RETURN as it has been done before.