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Board Bitcoin Discussion
Re: On Ordinals: Where do you stand?
by
BitcoinTS.org
on 13/05/2023, 15:45:59 UTC
I know there's already a thread on Ordinals in the Development & Technical Discussion board but it's more on the technical side of things.

I guess it's interesting to hear what others have to say on what this latest development fundamentally entails or implies. There have been opposing views on this even among Bitcoin developers.

Some would say this kind of non-financial transaction isn't what Bitcoin is designed for. Surely, however, somebody could just brush this off somehow putting Satoshi's original idea seemingly subservient to what the community currently wants to make of it. Ordinals' Rodarmor himself asserted that Bitcoin has already "transcended the intentions of its creator."[1]

While a core developer dismissed this controversy as a non-issue, another core developer went as far as calling this an attack on Bitcoin itself. While somebody doesn't understand the fuss over something which is dumb and should simply be forgotten, even Adam Back, perhaps out of frustration, had to call it a "fair-game for miners to censor the crap as a form of discouragement." Of course, he had to retract it in the name of Bitcoin being censorship-resistant and permission-less. But even Rodamor himself had to also censor, at least from Ordinals' site, a lewd image inscription.[2]

The launch of the Ordinals protocol even put into question whether Bitcoin's base layer should be left alone or be kept open for anybody to tinker with and develop. Some would even call for Bitcoin's ossification to protect it from features that have possible negative repercussions.

And then there's also the issue of fungibility considering that a Satoshi assigned with a unique inscription such as an image or even a video is no longer the same with the rest.

What is your opinion on this? Are you in favor of this or not?


[1] https://www.coindesk.com/tech/2023/01/31/bitcoin-community-erupts-in-existential-debate-over-nft-project-ordinals/
[2] https://cointelegraph.com/news/bitcoin-ordinals-creators-look-for-fix-after-first-instance-of-shock-porn




Ordinals are being used for more than just NFT data.

Ordinals can store NFT data and bitcoin token data. There are several different bitcoin tokens in existence.

Here is the Bitcoin Token Standards list:
https://docs.bitcoints.org/













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Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: NFTs in the Bitcoin blockchain - Ordinal Theory
by
BitcoinTS.org
on 13/05/2023, 15:18:57 UTC
⭐ Merited by JayJuanGee (1)
Developed by Casey Rodarmor, he built Ordinals to give its users the ability to transfer individual Satoshis between each other by taking advantage of the Taproot upgrade, which can also store NFT data in Taproot script-path spend scripts.

I'm still learning about it by reading and rereading this blog, https://read.pourteaux.xyz/p/illegitimate-bitcoin-transactions

n0nce, pooyah, and others who are technical/high IQ, please ELI-5 for the newbies and the plebs like me. Haha.

Plus what's everyone's opinions/thoughts about Ordinals?


Ordinals are being used for more than just NFT data.

Ordinals can store NFT data and bitcoin token data. There are several different bitcoin tokens in existence.

Here is the Bitcoin Token Standards list:
https://docs.bitcoints.org/

Post
Topic
Board Development & Technical Discussion
Re: NFTs in the Bitcoin blockchain - Ordinal Theory
by
BitcoinTS.org
on 13/05/2023, 05:54:25 UTC
Here is the Bitcoin Token Standards list:

https://docs.bitcoints.org/
Post
Topic
Board Development & Technical Discussion
Re: BRC-20 needs to be removed
by
BitcoinTS.org
on 13/05/2023, 05:29:02 UTC
BRC-20 is not the only bitcoin token. There are several different bitcoin tokens in existence.

Here is the Bitcoin Token Standards list:

https://docs.bitcoints.org/

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Topic
Board Development & Technical Discussion
Topic OP
Bitcoin Token Standards
by
BitcoinTS.org
on 13/05/2023, 05:22:01 UTC
Here is the Bitcoin Token Standards list:

https://docs.bitcoints.org/