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53670296 No.53670296 [Reply] [Original]

Can someone please explain to me like i'm a mouthbreathing retard what bitcoin ordinals are, and what the implications of them existing are?

>> No.53670329

A shitcoin on BTC.
Haircomb was the first shitcoin on BTC.
Now this.

>> No.53670332

NFT Maxis trying to mint the latest craze and subsequently now clogging up the BTC network and rendering the token almost useless since it takes forever to have payments go through.

GG guys can’t believe this is how Bitcoin dies.

>> No.53670542

>>53670332
Is what you described for real though

>> No.53670660

Hilarious. Fuck off, grandpacoin.

>> No.53670809

>>53670296
garbage idea. NFTs are for money laundering, they are designed to go to 0. no one gives a fuck about NFTs on bitcoin or distributed NFTs.

>> No.53670879

>>53670809
what did it for me is the NFT's don't even have the image data on chain. it's a link to a third party server that can go down.

how many NFT image servers have gone down?

>> No.53671451
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53671451

>>53670296
There was some bitcoin update which opened the door to dump data in a BTC transaction. Together with that, some folks came up with an enumeration scheme of satoshis (the units actually used on the Bitcoin network). It's like a quartuple or something. Together you can dump some data, tie it to some sat and say you move this around. Suddenly a sat is tied to a jpg and people pay 9 BTC for that sat.

I can also give you a rundown on ordinals in mathematics. That's close to my heart but BTC canibalizes/trivializes that term. Basically any arithmetic theory would be able to encode those ordinals. Basically this level:
https://en.wikipedia.org/wiki/Ordinal_analysis#Theories_with_proof-theoretic_ordinal_%CF%89n_(for_n_=_2,_3,_..._%CF%89)

>> No.53671475

>>53670879
ledgers are not designed for blobs. stop trying to make it a thing.