#Ordinals are bull shit.
No real people use or want them. They're somewhere in between another speculative pump and dump scheme & a government sponsored attack on the block chain.
Most ordinal fees ends up indirectly funding the large government cooptable mining pools, where the fees are converted back to fiat to buy more ASICS. Hence not pushing the BTC price up. This also thus pushes small miners out.
Ordinals are thus a win win for governments. The sooner we get this crap off the #blockchain and get back to sound money the better.
#Bitcoin
7Bluerabbits
npub1l79…sqkt
2024-01-25 13:59:32
Author Public Key
npub1l79hvcyl23f90ers7xqh7zjzmm7knj7fqf6he3lhnfyc3gfuz7lqlfsqktPublished at
2024-01-25 13:59:32Event JSON
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"pubkey": "ff8b76609f545257e470f1817f0a42defd69cbc902757cc7f79a4988a13c17be",
"created_at": 1706187572,
"kind": 1,
"tags": [
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"content": "#Ordinals are bull shit.\n\n No real people use or want them. They're somewhere in between another speculative pump and dump scheme \u0026 a government sponsored attack on the block chain.\n \n Most ordinal fees ends up indirectly funding the large government cooptable mining pools, where the fees are converted back to fiat to buy more ASICS. Hence not pushing the BTC price up. This also thus pushes small miners out.\n\n Ordinals are thus a win win for governments. The sooner we get this crap off the #blockchain and get back to sound money the better.\n\n#Bitcoin\n ",
"sig": "ee73f4a68b0cf861e83474a93e58aef382cdc95607382a9cb55a07f04ae58d31e8f282b7c408571af91bbb9528cb4a169ee00d68df4437572cf9cc6240937c73"
}