Add to this the expected surge of activity within the network courtesy of Ordinals and their shenanigans (which I am not really against since it's about time bitcoin gets its own NFT), and expect a pretty nasty increase in fees in the next months or so.
There's nothing totally good about the scammy ordinals anyway. Bitcoin was never built for the purpose of storing some shitty JPEGs or GIFs of lousy monkeys and frogs onchain to scam newbies. The purpose of Bitcoin is very clear in the whitepaper.
These ordinals and shit are hurting the true users of the Bitcoin blockchain because of insane transaction fees which shouldn't be there in the first place. Imagine what is going to happen in a bull run.
Agree but unless you get the law involved you cannot do anything about people scamming newbs.
Most of the energy going into it is like "look I can waste my money and also spend way too much even though no one is forcing me to by any means necessary". Kind of like spending a fuck ton of money on food with gold on it so you can post it on instagram to like 200~ followers or something. That kind of shit is clogging up society in many ways not just Bitcoin but ultimately theres no magic trick behind it. Pretty much all these things they are paying for will become worthless just like all other NFTs even ones collected by Celebrity Douchebags
https://www.sportskeeda.com/esports/news-logan-paul-s-623k-2021-nft-now-worth-10-here-s .
For the record yes Logan Paul is generally irrelevant even when he is mentioned in something and he certainly is not a blockchain wizard or educated in anything useful. However it goes to show that even a guy with a billion blind young rich followers cannot sell this absolute crap to anyone. It will die slowly or fast depending on how much money the buyers have and how many drug addictions the sellers have.