This is an opinion editorial by L. Asher Corson, a partner at UTXO Management.
As a Bitcoin Maximalist, I love Ordinals. Other Maximalists should also consider loving Ordinals, as they demonstrate Bitcoin’s superiority in ways not previously possible. Ordinals enable functionalities that undermine the need for other blockchains to even exist. The use cases that were demonstrated on other blockchains are now possible natively on Bitcoin. Despite Bitcoin’s strengthening position, some self-proclaimed Maximalists on X (formerly Twitter) bizarrely celebrated decreased network fees and declared Ordinals to have failed. This seemingly implies that Bitcoin might somehow benefit from a failure of the Ordinals protocol and lower miner earnings. But Ordinals haven’t failed and the interest isn’t nearly over. To the contrary, trading volume across digital artifacts, unique satoshis and BRC-20 tokens has been historic. According to cryptoslam which tracks on-chain NFT volume, Ordinals have d
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