Quote from: franky1 on March 04, 2023, 06:37:34 PM

these ordinal junk are not fit for purpose as "nft" they dont have any representation of ownership in their recipients transaction.

its just dead data that stays in the creators transaction with nothing to represent it in the blockchain data when "spent"

that's because the whole thing is just a creative use of a loophole that probably shouldn't have existed in the first place. you gotta wonder why the devs haven't shown up here to address the issue.

Quote

ordinal meme spam has no place in bitcoin as it serves no blockchain function but to bloat it up into a meme library

you would think the devs would understand that point of view and do something about it. why did the witness need to be so big anyway?

Quote

https://www.blockchain.com/explorer/transactions/btc/0301e0480b374b32851a9462db29dc19fe830a7f7d7a88b81612b9d42099c0ae

looks like blockchain.com has to store this nft data twice. once in the witness and then once as the decoded jpeg so they can show the images on their website...so they're disc space is getting eaten up even more than bitcoin nodes is. Shocked

Quote

3,938,383 Bytes - fee: ZERO

it costed them cpu cycles to do the proof of work to get that block into the blockchain though. so it wasn't free.