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BTC116: Bitcoin Ordinals and NFTs on Layer 1 of the Protocol w/ Pierre Rochard (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Bitcoin Inscriptions
The block size as a whole is not larger. So you're just saying that the cost to rebalance channels is going up because you're cluttering the chain. That's like, well, if I wanted to send $50 worth of Bitcoin as remittances from El Salvador to the US or vice versa, if there's no JPEGs, that might cost two cents. If there are JPEGs, it might cost $5. And so the JPEG people would say, so sad, too bad, use lightning instead. And then they go and use a custodial lightning wallet instead. Yeah, that's where you really see it is the custodians.
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