Post
Topic
Board Bitcoin Discussion
Re: Do Ordinals and Runes help Bitcoin to be a better system of electronic cash?
by
Ambatman
on 28/03/2024, 20:02:57 UTC
So you are saying that you think Ordinals and Runes are helping to make Bitcoin a better electronic cash system?  The fee to get into the next block is now $6 US.  This would make it cheaper to use Visa for transactions under $240US.  And what about all of those stranded Sats.  Sats in a wallet valued at less than $3-$6 US get stranded and never seen again.  

I also don't understand how you can store Ordinals(NFTs) and Runes(fungible tokens) on-chain without increasing the storage required.
No. I'm not a supporter of ordinals
Reread my reply maybe my wordings was confusing that's why I said ordinals is people chasing short term benefit while neglecting things in the long run.
Ordinals like I said before are stored in different satoshi in a taproot transactions.You can read more about Taproot transactions and Segwit(which provides additional 3mb making the total 4mb) to understand better. The Taproot upgrade allows as much data that a block can carry to be stored,This makes it possible to accommodate more than an MB.