Hello everyone. I'm not an expert at all but did purchase about 0.7 BTC worth of ORDI earlier this week, so am very interested in this discussion.
My initial reasoning for purchasing the coin on the ordinals website was that, finally, bitcoin was [now] going to throw off its shackles and [eventually] give many more people many more reasons to buy it; which would also mean that [eventually] there'd be many more people not buying ethereum.
There is a clear and present danger that ethereum will usurp bitcoin as the number 1 coin, in terms of market cap. I am of the opinion that if this happens, bitcoin will slowly fade away into insignificance. I hope that I'm wrong about that, but my concerns about it meant that I was initially delighted to hear about brc-20/ordinals.
I don't know if or how it can happen, but my opinion right now is that bitcoin developers must find ways to deflate the erc-20 bubble, or bitcoin will lose prominence at a rapid rate of knots.
I don't believe that the original whitepaper for BTC should be left unchallenged and unchanged forever in the future, any more than the US constitution should be left unchallenged and unchanged forever [since the 1780s]. Not unless someone here believes that Jesus wrote that white paper.
I'm open to being ridiculed. I just want to learn and protect my investments. Thanks for reading.
My initial reasoning for purchasing the coin on the ordinals website was that, finally, bitcoin was [now] going to throw off its shackles and [eventually] give many more people many more reasons to buy it; which would also mean that [eventually] there'd be many more people not buying ethereum.
There is a clear and present danger that ethereum will usurp bitcoin as the number 1 coin, in terms of market cap. I am of the opinion that if this happens, bitcoin will slowly fade away into insignificance. I hope that I'm wrong about that, but my concerns about it meant that I was initially delighted to hear about brc-20/ordinals.
I don't know if or how it can happen, but my opinion right now is that bitcoin developers must find ways to deflate the erc-20 bubble, or bitcoin will lose prominence at a rapid rate of knots.
I don't believe that the original whitepaper for BTC should be left unchallenged and unchanged forever in the future, any more than the US constitution should be left unchallenged and unchanged forever [since the 1780s]. Not unless someone here believes that Jesus wrote that white paper.
I'm open to being ridiculed. I just want to learn and protect my investments. Thanks for reading.