and all of that twitter description is deceptive and wrong as the transfer part doesnt work
casey and his cult have no clue how data/crypto proofs. work its all a scam for the "creators" to scam people out of funds
casey and his cult have no clue how data/crypto proofs. work its all a scam for the "creators" to scam people out of funds
i guess it will work until it doesn't and then people will cry scam. imagine someone buying alot of tokens only to find out they're really worthless. most tokens are you know. even on ethereum. but these ones on ordinals especially would have to be. they aren't even real. maybe someone uploads an ordinal to adjust their balance to way more. as a hack.
it doesnt work from the start. its the perception of working but not the economic/logic/proof of working.. its still dead data stuck in the input script. not something that proofs to go to the output which can then be transfered
seems they took an idea i mentioned months ago about putting tx inside tx. but forgot about true proof of transfer and ownership logic.
ethereum tokens actually have transfer logic and proof. ordinals v3 does not.
ethereum tokens are not minted with an real cost(pos vs pow) so its underlying value is questionable which becomes the old addage of "given value by agreed desire of value" rather than intrinsic value(pow cost)
where as ordinals v3 are not even that. no utility or purpose not underlying cost in brc creation. so absolute no value
one saving grace is that regulators are now looking into people ICO scamming and casey will have his day one day being on the bad side of that. but the victims of his scams wont get any form of refund/compensation
99.999% of caseys ordinals v3 are not users of a large community trading. its just a couple idiots spamming