Re: On Ordinals: Where do you stand?

Quote from: larry_vw_1955 on April 26, 2023, 12:15:43 AM

Quote from: ETFbitcoin on April 25, 2023, 10:01:21 AM

But until now, NFT on LN (with protocol such as RGB and Tro), NFT on sidechain (such as RSK) or Ordinal data stored else-where (such as side-chain layer and BitTorrent) are mostly ignored by people who are NFT enthusiast and own some Bitcoin.

exactly. you can offer people a million alternatives to using ordinals but they won't use it. they want their monkeys being stored on the bitcoin blockchain. and nothing else will suffice. they dont' care about why using alternatives might unburden the bitcoin blockchain. not at all. Grin

Forget about reduce burden on Bitcoin blockchain, they also either don't know or don't care about cheaper cost to create NFT, embed it's data and transfer NFT ownership.

Quote from: larry_vw_1955 on Today at 03:30:43 AM

Quote from: franky1 on April 26, 2023, 11:40:01 PM

yep that too
and that those monkeys are not worth anything but scammed to appear as worth more per monkey than 1btc (triple facepalm)

i'm just concerned that people new to bitcoin aren't going to take it seriously with all these nft monkeys floating around... Shocked

we should be presenting a better image to the public at large if we want bitcoin to be adopted by everyday individuals. and selling them on the benefits of transferring cash digitally but if they get wind of all these monkeys increasing their transaction fees, they might be disappointed. bitcoin's dirty little secret. unfortunately that's what ordinals has become.

Most bitcoin wallet and service don't really show statistic of Ordinal transaction though. So user probably only found out if they curious about NFT or read about news which claim Bitcoin blockchain is clogged by NFT's data.