Crypto investor burns a Bored Ape for a Bitcoin Ordinal equivalent

Feb 12, Jason Williams murmured He burned Bored Ape #1626 to obtain the equivalent of Bitcoin Ordinal.

“The NFT community is moving to BTC and Ordinal is bringing true rarity to collectibles,” he wrote in a tweet, announcing the burn.

“Done. That’s it. I’m not going back to ETH,” he wrote.

The move, predictably, sparked a lot of ire in the Bored Ape community, which ultimately ended up with Yuga Labs co-founder Greg Solano (@CryptoGarga). argued Via Twitter:

“It has not disappeared from ETH forever,” he wrote. Up your license. No, before anyone asks, that doesn’t mean everyone has access to the license. If an address is not owned by anyone, it cannot be owned by anyone. ”

Ordinals have become a trendy tool for Bitcoin node operators to participate in fun projects. So far, they are only traded through a small Discord channel, with no marketplace serving the supply and demand of the ecosystem like OpenSea.

@Dotta Description of the tooling process Most recently as “incredibly bad” crypto slate A story about the emergence of Bitcoin ordinals. Still, given his OG ethos of running nodes on most OF cryptos (Bitcoin), @dotta said it still feels like “early alpha.”

I feel like the early days of Alpha are fun

Trading Ordinals awkwardly on small Discord channels via trusted OTC is exactly what Alpha likes.

There is a group of passionate people looking for something special, even though the tools are incredibly bad.

[email protected]

Besides Ape’s writing, Yuga Labs seems to have a lot to worry about in the Ordinals space. This was largely after it was revealed that another collection, the Ordinals Punks, had emerged as his popular Ordinals-based collection.

Ordinals were made possible by what is known as the Taproot soft fork, which extended the block limit from 1MB to 3MB, allowing inscriptions to be placed on the Bitcoin network.

However, there is a heated debate over whether adding arbitrary data to the blockchain will clog the network unnecessarily. “If anyone is going to post his jpegs of stupid cat on the blockchain, I can keep buying new hard drives for my nodes. , keep it up,” he said of one of his Redditors Said.

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