Bitcoin Ordinals and Inscriptions Debate

ordinalsinscriptionsNFTsblock-space

Added on February 2, 2023

Summary

The Ordinals protocol enabled the creation of NFT-like digital artifacts on Bitcoin, sparking debate about block space usage, fees, and Bitcoin's core purpose.

Resources

https://ordinals.com/
https://bitcoinmagazine.com/technical/what-are-ordinals-an-overview-of-the-protocol
https://www.coindesk.com/tech/2023/02/02/ordinals-inscriptions-nfts-bitcoin/

Discussion Questions

How do Ordinals inscriptions work technically?
What impact have Ordinals had on Bitcoin transaction fees?
Should Bitcoin block space be used for data storage?
How do Ordinals differ from traditional NFTs on other blockchains?

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