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?
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:
Yes I am well aware of the cryptokitties madness, but I haven't been following up on that stuff and I have no idea whether any of those kitties is still worth something. I am also aware of some of those transactions you mentioned, but those really have manipulative character and can't be verified either. Whether Logan Paul paid 5 million for a pokemon card (while he was already holding 5 more of them and then offered them for sale, 2.5 million each), or whether he didn't, I doubt we can verify that.
But inscribing ordinals cost money and that can be verified. The term "attack" was used or growing demand for IP purposes as some said, whatever it is. My question was really pointing towards the "who?" and the "why?". If it is an attack, it would be a costly attack if someone wants to provoke sustained congestion to the detriment of the ordinary user. If ordinals are predominantly spammed and consume the majority of the block size, this attack would cost millions per day.