bulista is at the mid stage of admitting they are stupid. give him another week and he will admit to the zero value.. much faster then other people that took 6 months to admit to the scam.. bulista is half way there
To be honest they are the most stupid thing I have seen in the crypto world, the second most stupid thing are NFTs all together, but ordinals are on another level of stupidity. However I accept the fact that the market gives value to this junk and on top of that I want to understand how/why the market is valuing this.
having a price does not mean something has value
Actually I’m not half away anywhere, I always had my opinion formulated about this since the beginning. That doesn’t stop me from wanting to learn about the market and profit from it.
They are obviously not a scam, they are a legit form of technical stupidity that perhaps is so stupid that makes it a genius ideia. All of this perhaps because of the lack of innovation in the crypto world for a long time.
And by the way, having a price and actually be actively exchanged DOES MEAN it has value. I see lots of people here saying that “having price does not mean it has value” like they are Gandalf trying to be a wizard or something. Just no, anything that has a price and is actively traded HAS VALUE. Full stop.
Oxford dictionary for the word value: “1) how much something is worth in money or other goods for which it can be exchanged”, learn you language folks.
Also relevant, meaning of the word stupid: “1) behaviour that shows a lack of thought or good judgement“, exactly how ordinals were invented