Post
Topic
Board Development & Technical Discussion
Re: NFTs in the Bitcoin blockchain - Ordinal Theory
by
ETFbitcoin
on 19/06/2023, 10:07:36 UTC
Leave Ordinals alone, and allow it to exist as a "necessary evil" in the coming event when block rewards would not be enough to incentivize miners to keep securing the network.

1. Would Ordinals and other method to store arbitary data on-chain remain popular after next few halving?
2. On long term, would usage of Ordinals have good impact on Bitcoin price?

Thinking from what currently is going on, people who use Bitcoin for financial transactions are not really willing to pay for high fees.

And why would people do that when the fee could be >2% of amount they're going to send?

--snip--

But that would imply every node would need to spend $100 on a 2 TB SSD, so let's go with a $20 per tx cause it's cheaper! Roll Eyes

If only bigger maximum block size only lead to bigger storage requirement.