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10 sats \ 0 replies \ @bordadvocate 1 Mar 2023 freebie \ on: Steelmanning Ordinals Challenge bitcoin
Some arguments in favor of Bitcoin ordinal inscriptions. I call them "Bords" (i.e. ₿-ordinals) as sort of as a riff on "bored apes."
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Bitcoin ordinal inscriptions offer a global free-speech outlet, the value of which I believe will increase in proportion to censorship (especially censorship from powerful state actors).
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For example, publishing information that is not accepted by the mainstream outlets.
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I imagine a world where you can point your browser to addresses like btc://ord/num/1934567890123456 or btc://ord/name/mickeymouse or (you get the idea) and BOOM, uncensored content from your local Bitcoin node appears.
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I imagine whole apps and whole multi-page websites with real and enduring value will be published using internal links such as described above.
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I believe the cost of inscriptions will eventually incentivize compact, high quality, and complete projects favoring modularity.
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I imagine inscriptions that include notes such as "To support the source of this fill-in-the-blank, please donate to the Bitcoin address that minted this inscription."
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I imagine inscriptions that include notes such as "To support the owners/heirs of this fill-in-the-blank, please donate to the Bitcoin address that currently holds the keys to this sat."
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I envision a world in which the browser knows how to do either of the above with a single click (i.e. Alby-like integration).
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The world I imagine is a world where freedom of speech fuels the Bitcoin mining business and helps keep the money secure.
Yours,
₿ord Advocate
npub1dadmfc75g302tuu6qdaheltjxllpt5dtw2lrpnaxvtzy605zp3yswlu8hz
Interesting take. This problem has been working in my mind subconsciously, but I hadn't come to the point of understanding it till now and wouldn't have been able to state it. Nevertheless, I believe a solution might have already arrived. Let me explain.
As hodlers hodl and LN operators optimize for minimum on-chain activity, transaction volume ultimately decreases. In other words, the market for on-chain transactions is stagnating. I believe this is about to change, because free speech is under aggressive attack from the highest levels of global governance, and the recent advent of ordinal inscriptions on Bitcoin has the potential to convert the stagnant transaction market into a thriving economy of information broadcast that would pay miners and keep the network secure.
I think this is the next step in the evolution of Bitcoin, changing paradigms as it evolves. First it was a payment network, then a settlement network, and now a free-speech network. These are all things we need, and we have not lost any of them as Bitcoin has evolved.
There is certainly a precarious dynamic at play, and solutions like deferring the halving could be considered, but at the moment I see a max 4MB of global free speech per ~10 minutes as a platform that will soon be in high demand and benefit Bitcoin security while giving greater impetus to further optimization of the Lightning Network.
What we need now is browser plugins to read domain names and content from your favorite Bitcoin node. Hit me up if you're game for developing that or if you know of any existing projects...I'd personally love to be there even if I can't contribute a whole lot.
GENESIS