5,000*104 sats = 520,000 sats to inscribe a 20kb kitty into the BTC blockchain.
My final question: who the heck is flooding the network with ordinals when it is so freaking expensive to do that? What part am I missing or not understanding?
Remember cryptokitties?
Somebody paid 225 ETH (at that time $100k) now $400k for a cat that is now.worthless!
Same for the ape NFT, 819 ETH at that time around 3 million!
A guy spend 2 million in a mobile game in 4 years
Logan Paul paid 5 million for a pokemon card.
Somebody paid $100k for card with Mark Zuckerberg.
We are 8 billion on this damn planet and we have trillions in out pockets put together, $200 is nothing, that sum will be nearly invisible if you look at what thrash the worlds throw money at! Speaking of
thrash, here is a 1800
bag: