Post
Topic
Board Bitcoin Discussion
Merits 6 from 2 users
Re: On Ordinals: Where do you stand?
by
bbc.reporter
on 02/03/2023, 04:12:22 UTC
⭐ Merited by nutildah (5) ,JayJuanGee (1)
Inscriptions, also known as digital artifacts, are created when a file, such as an art image like those created for TwelveFold, is written (or inscribed into) units of Bitcoin called satoshis, the smallest individually identifiable units of Bitcoin.[/i]

Source https://www.theblock.co/post/215504/yuga-labs-drops-bitcoin-based-nft-collection-twelvefold

and thats the silly stuff that needs correcting..
they are not wrote into satoshis. they are placed as dead weight data into the witness area which is separate to the value stuff.
and when value is spent the next tx has no references in a spending tx that even references the dead weight data.

when/if the silly ordinals go bad and/or casey changes his algo to change which output he deemed is owner. and people are left realising they overpaid for something they have no claim over.. they will say bitcoin cheated them

I do not quite understand how trading NFTs will work in ordinals. How is trading possible in ordswap.io if there are no references to the artwork or the data? You appear to be telling everyone that people might lose their NFTs, however, trading has begun without complaints from the people.

https://ordswap.io/