Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: NFTs in the Bitcoin blockchain - Ordinal Theory
by
larry_vw_1955
on 26/08/2023, 01:41:58 UTC
⭐ Merited by JayJuanGee (1)
Quote from: nutildah on August 24, 2023, 03:03:14 AM

Very true, and the majority of NFTs will trend toward zero indefinitely, regardless of market conditions. There's simply too many out there & too many new ones being created every day for all of them to retain value.
i'm not going to disagree with that. i think it's probably true! at least there's an upper limit to how many ordinals could exist. 21 million times 100 million. that's enough for every man, woman and child on the face of the planet to own around a million or at least half a million monkeys  Shocked

Quote from: ETFbitcoin
It's also worth to mention pace of UTXO growth remain unchanged since Ordinal-based token become popular[1]. Few months ago i mentioned massive UTXO growth at ~102.5 million UTXO[2], but now we're looking at 119.9 million UTXO[1].
When someone makes a monkey on bitcoin ordinals, does that increase the size of the utxo set though? I didn't think the monkey got stored in the utxo set...