Udi Wertheimer champions the adoption of Bitcoin Ordinals, pushing back against those aiming to eliminate them. However, many reject the concept of Bitcoin Ordinals, which are akin to non-fungible tokens (NFTs) but on the Bitcoin blockchain.
“I’m not trying to convince you that inscriptions/BRC20s/stamps/etc are not spam/scam/whatever,” the post stated.
People Should Experiment with Bitcoin Ordinals
In a post on X (formerly Twitter), Wertheimer states that people should not undermine Bitcoin ordinals enthusiasts and developers working in the space. He declares that “lots of ordinals teams have very strong devs.”
Instead, he encourages his 183,400 followers to experiment with Bitcoin Ordinals:
“So download an ordinals wallet, load it with ~0.005 BTC and start playing around. You’ll probably lose all of it. Your goal here isn’t to make money, it’s to understand the ecosystem and what makes it tick so that you can do something about it.”
According to Dune Analytics, Bitcoin Ordinals’ total fees to date are $227.2 million.
Read more: Bitcoin NFTs: Everything You Need To Know About Ordinals
Miners Anticipate Adoption of Bitcoin Ordinals
Furthermore, Wertheimer doesn’t believe Bitcoin Ordinals are the problem due to the lack of demand for Bitcoin payments:
“That’s the main reason why I believe ordinals are not a problem in the first place. It’s not like there are that many people who wanted to use BTC payments otherwise.”
However, Wertheimer emphasizes the significance of ordinals on the Bitcoin blockchain but asserts that, above all, he considers Bitcoin’s role as a store of value to be more crucial and paramount.
“As much as I think Ordinals are important, I have no doubt that BTC as store of value is more important, and this stuff will figure itself out eventually,” he stated.
BeInCrypto recently reported on Bitcoin Ordinals as attractive for Bitcoin miners. Bitcoin educator Kashif Raza commented that it had more incentive for miners:
“Ordinals have turned out to be a blessing for miners but for retail, its a nightmare to send micro transactions,” Raza stated.
Read more: How To Prepare for a Bitcoin ETF: A Step-by-Step Approach
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