A few points about ordinals and other inscription markets:
1. A few words from core contributors in the Bitcoin community made the inscription market tremble, which shows that the consensus on this track itself is still relatively weak;
2. Luke dashjr’s original intention was to regard the inscription as a technical loophole. The client he was responsible for developing would fix this loophole. However, in fact, the right to use it rests with the node user, and the user can still make a natural choice.
3. The wealth myth of Inscription Track is partly due to the poor liquidity of this market.
4. Each currency in the entire blockchain ecosystem should have its own positioning. V God created ETH because he was dissatisfied with the scalability of Bitcoin. This led to the subsequent explosion of the Ethereum ecosystem, and the subsequent ICO, defi, nft, L2 ecology and a series of stories, but please note that these narratives have not shaken Bitcoin's status as "digital gold", think about why.
5. Now that Bitcoin has become digital gold, why does it still seek a larger and more complete ecological niche? is it necessary?
6. At present, any application in the currency circle is moving closer to the direction of dimensionality reduction, which is to make it more acceptable to ordinary users and make web2 more compatible. From this perspective, the inscription market is obviously doing the opposite. Some people say that the boom in the inscription market has brought fresh blood to Bitcoin. Come on, what it has brought is just gambling dogs in the currency circle. How many are web2 users? In this sense, ordinarys are even inferior to stepn.
Finally, ordinary users cannot control the development of the ecosystem. As a trader, what I see is outrageous prices and extremely divided market sentiments. This is the necessary condition for high price fluctuations. In such an environment, rallies can Short selling is a very cost-effective strategy
