Derek Ross on Nostr: I spent several hours tonight in an Ordinals Space speaking with them. It was me ...
I spent several hours tonight in an Ordinals Space speaking with them. It was me versus 12 Ordinal fans. I felt like I was in enemy territory.
I mentioned during the space that I don't want my financial transactions sitting next to an image on the Bitcoin timechain.
I mentioned that I don't feel right about Ordinals and Inscriptions essentially taking up 4X the block space, but not paying 4X the fees. They are consuming valuable space, but not providing the value to the miners. They're getting a discount and that's not right, because it feels like an oversight or an exploit. They're abusing the system.
I mentioned that Bitcoiners want to help the developing world by providing them with financial freedom. We don't want to draw all over them.
My main concern was that there are several worrying trends that are starting to pop up and we aren't even two weeks into this yet. I hope that if this trend continues that the Ordinal and Inscription fans will come together with the vast Bitcoin community and fix the problem before it gets worse.
Their main counterpoint was that Bitcoin is free speech and that includes artwork. While I don't fully agree there, I understand that argument. I also understand that no one controls Bitcoin and Bitcoin can do whatever it and people want it to do.
While I do not agree with all of this, I am looking at this as a win for Bitcoin. Yes, it's actually good for Bitcoin. I have had a dozen Ethereum maxis DM me so far and ask me how to run a Bitcoin node and how to run a Lightning node. I'm looking at this as an orange pilling moment. This is how we win.
Goodnight. PV!
I mentioned during the space that I don't want my financial transactions sitting next to an image on the Bitcoin timechain.
I mentioned that I don't feel right about Ordinals and Inscriptions essentially taking up 4X the block space, but not paying 4X the fees. They are consuming valuable space, but not providing the value to the miners. They're getting a discount and that's not right, because it feels like an oversight or an exploit. They're abusing the system.
I mentioned that Bitcoiners want to help the developing world by providing them with financial freedom. We don't want to draw all over them.
My main concern was that there are several worrying trends that are starting to pop up and we aren't even two weeks into this yet. I hope that if this trend continues that the Ordinal and Inscription fans will come together with the vast Bitcoin community and fix the problem before it gets worse.
Their main counterpoint was that Bitcoin is free speech and that includes artwork. While I don't fully agree there, I understand that argument. I also understand that no one controls Bitcoin and Bitcoin can do whatever it and people want it to do.
While I do not agree with all of this, I am looking at this as a win for Bitcoin. Yes, it's actually good for Bitcoin. I have had a dozen Ethereum maxis DM me so far and ask me how to run a Bitcoin node and how to run a Lightning node. I'm looking at this as an orange pilling moment. This is how we win.
Goodnight. PV!