The way I see it, it’s the same as NFT. Yes, there are many other factors, but for Ordinals it’s just the fact that the images are literally on a chain. And it’s not on any chain, it’s on Bitcoin. Yes? We know Bitcoin is going to be around. I think one attribute stands out. As people feel, this is real and it will never go away and my digital art is now stored forever. And that’s it. I think that’s a base level property. And there are other things around it that are obviously of a lot of interest. And with Bitcoin DeFi, a key feature enabled by L2, I think we will see these simple fundamentals again. For example, one of the things I can think of is that a lot of people don’t want to sell their Bitcoin. So the very simple basics are: Don’t sell your Bitcoin, lock it up in a decentralized way and ensure liquidity. Get a stablecoin loan. Again, a simple concept that many people can understand and use. I think that’s how you start to have a lot of product market fit.
Stacks creator Ali calls Bitcoin the ‘Apex Predator’ as development thrives on the OG blockchain.
By Crypto Flexs1 Min Read