You know you made it when current Bitcoin fees do not bother you because you are hodling. But it is hurts to see the ordinal scammers smearing Bitcoin's name with their Bullshit-Rort-Con 20 tokens.
Well, at least the miners are making decent profits off the idiots who actually fall for the BRC20 scam. Enjoy it while it lasts (Protip: it wont).
I don't think the miners are happy with the situation. No one in their right mind would bite the hand that feeds. A blow to the image of bitcoin will subsequently hit the miners. Fans of NFTs and other tokens will see that the network is overloaded and has become too expensive, and will go somewhere else (I really hope so). And miners need real bitcoin, just like the rest of us.
one day there will be sidechains second layers for all this stuff to run on Bitcoin, if we like it or not. mEth and all these other projects will die.
Bitcoin will be the settlement layer for everything - even scams. Fees will go into the thousands of USD. One single onchain transaction will settle millions of offchain transactions.
these BRC20/ordinals are just the beginning of what's going to happen within the next decade(s). We can already see them push exchanges like
BChinance to implement Lightning.
only my2ctsFor my part, i never even liked the idea of Ordinals. It's complete shit, with more than just doubtful use, imo.
Scalability is also one of the main challenges in Bitcoin's design, which should have been addressed first.
Sure, the road to success is bumpy sometimes, but i would really like to know Satoshis opinion on that shit.
