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Bitcoin block space. This will help support a robust fee market, which ensures that Bitcoin remains secure. Inscriptions also counter the narrative that Bitcoin cannot be extended or used for new use-cases. If you follow projects like DLCs, Fedimint, Lightning, Taro, and RGB, you know that this narrative is false, but inscriptions provide a counter argument which is easy to understand, and which targets a popular and proven use case, NFTs, which makes it highly legible. If inscriptions prove, as the authors hope, to be highly sought after digital artifacts with a rich history, they will serve as a powerful hook for Bitcoin adoption: come for the fun, rich art, stay for the decentralized digital money. Inscriptions are an extremely benign source of demand for block space. Unlike, for example, stablecoins, which potentially give large stablecoin issuers influence over the future of Bitcoin development, or DeFi, which might centralize mining by introducing opportunities for MEV, digital art and collectables on Bitcoin, are unlikely to produce individual entities with
Inscription #44965758
Collection
Ord
Owner
bc1p08rxxq...l0gqpa9pxxID
7367eabf34...2034fc74i0
Detail
History
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