The debate around Bitcoin ordinals (NFTs on Bitcoin) is certainly a contentious one, and it hinges on the very essence of what Bitcoin is intended to be — sound money — versus the desire to see the network evolve with innovative features.
On one hand, Bitcoin ordinals do introduce a new layer of functionality to a network that has historically been focused on store of value and peer-to-peer transactions. By enabling NFTs on Bitcoin, ordinals bring additional use cases, like digital ownership and unique asset tracking, into the Bitcoin ecosystem. This is exciting for the broader crypto community, as it shows that Bitcoin is not just limited to its original purpose but can be a platform for a more expansive range of applications. Additionally, the novelty of creating NFTs on Bitcoin, a chain often considered more conservative in terms of innovation, does offer a certain excitement and new opportunities for developers and creators.
On the other hand, Bitcoin maxis and many purists argue that ordinals represent a misuse of the chain. Bitcoin's primary value proposition is its role as sound money, and introducing NFTs (which often involve high gas fees, network congestion, and questionable long-term utility) risks shifting the network's focus away from its core mission. As you mentioned, ordinals are clogging mempools and raising fees, which could potentially make Bitcoin less user-friendly and less accessible for those simply looking to send value or store wealth. The core issue is whether these added layers of complexity serve to dilute Bitcoin’s strengths or provide real, sustainable value.
Your experience with minting an ordinal — and being hesitant to go deeper without a better wallet experience — underscores the current user experience issues with ordinals. The wallet infrastructure and tools for interacting with ordinals are still developing, and without smoother, more accessible solutions, ordinals might remain a niche feature rather than a mainstream use case.
In conclusion, whether Bitcoin ordinals are a progressive innovation or a misuse of the chain depends on how one views the fundamental purpose of Bitcoin. For those who see Bitcoin as the ultimate store of value and sound money, ordinals may be seen as a distraction. But for those who value network expansion and diversification of use cases, ordinals could be the beginning of a broader Bitcoin ecosystem, albeit one that faces growing technical and community challenges. As the ecosystem evolves, these issues may be resolved, and ordinals could become a more integrated part of the Bitcoin network, but it’s clear that balance will need to be struck to maintain Bitcoin’s original ethos while innovating for the future.