Dieter Lenaerts on Nostr: https://fountain.fm/episode/RRvB5Te4a1P8eXOO3LY6 Great insights I got after listening ...
https://fountain.fm/episode/RRvB5Te4a1P8eXOO3LY6Great insights I got after listening to this podcast:
Bitcoin and ordinals are just an arbitrary way of looking at the Bitcoin blockchain. With the only difference that it's more easy to look at the Bitcoin blockhain with bitcoin glasses rather than ordinals glasses. For the simple reason that the system was purpose build for the Bitcoin idea.
The blockchain is just a database which can be altered by rules baked into code. Which is our best attempt of translating the Bitcoin rules into code.
Ownership can be found in Identifying arbitrary objects (they need to be arbitrary, because technically speaking you can only add real objects to the database AKA new chunks of data) in this database which you and only you can move with your private keys.
For now the only know valuable (in my view at least) objects, you can own, are UTXO's, and more general the Bitcoin. (Ordinals and Inscriptions are not, because there is no point in ownership if you can't do anything with it.) Which is expected. Because that's where it is designed for. But that does not mean that other valuable ownable objects can never be found on the Bitcoin blockchain.
Published at
2023-12-12 21:40:47Event JSON
{
"id": "4b9343afd0b3583fc3c44047d3899f7f84206a14707b8595dabfb29b91faaa66",
"pubkey": "890c04e3068eb58ae8ad8383dba5b4102b8b01db38ac75d79a2574ba4858d81f",
"created_at": 1702417247,
"kind": 1,
"tags": [
[
"r",
"https://fountain.fm/episode/RRvB5Te4a1P8eXOO3LY6"
]
],
"content": "\nhttps://fountain.fm/episode/RRvB5Te4a1P8eXOO3LY6\nGreat insights I got after listening to this podcast:\nBitcoin and ordinals are just an arbitrary way of looking at the Bitcoin blockchain. With the only difference that it's more easy to look at the Bitcoin blockhain with bitcoin glasses rather than ordinals glasses. For the simple reason that the system was purpose build for the Bitcoin idea.\nThe blockchain is just a database which can be altered by rules baked into code. Which is our best attempt of translating the Bitcoin rules into code. \nOwnership can be found in Identifying arbitrary objects (they need to be arbitrary, because technically speaking you can only add real objects to the database AKA new chunks of data) in this database which you and only you can move with your private keys.\nFor now the only know valuable (in my view at least) objects, you can own, are UTXO's, and more general the Bitcoin. (Ordinals and Inscriptions are not, because there is no point in ownership if you can't do anything with it.) Which is expected. Because that's where it is designed for. But that does not mean that other valuable ownable objects can never be found on the Bitcoin blockchain.",
"sig": "b080699ecfba4a8ac4e13d4d26aa952f8287aaf41f8fa32824ce368fa83580513fe898ac5d6820660f393b7c25315a8e65ece5939b9d225baae0f3d5bbafd175"
}
