mcclick on Farcaster

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https://bitcoin.org

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mcclick pfp

I don’t understand Bitcoin L2s or Ordinals outside of cash grabs. It is not meant to be built on. See Lightning. It’s not an asset you want to risk enough to earn yield on. See BlockFi. It’s hard money that you hold, and that’s enough. If you want to build, build on chains built for building.

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Ryan Shea — e/acc pfp

Ryan Shea — e/acc

With BlockFi et al you were giving up your btc to others. With some Bitcoin L2’s you can lock up your btc and use it on another chain, without risking a central third party being able to abscond with it. Yes there are risks, including protocol failure, but for many it’s worth it for at least some of their btc.

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BrixBountyFarm 🎩 pfp

BrixBountyFarm 🎩

A counter take. Study gold jewelry.

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This BTC L2 movement is the Cardano of this cycle

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adexmakai.base.eth

Bitcoin l2 network, which is a lightning network, works like a degen tip on a farcaster. I said this because one true use case of lightning is for zapping on Nostr client applications. But I don't know anything about ordinals. If you asked real Bitcoin maxi about this, he/she will tell you, it's just a bubble.

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Pbl pfp

as today the only L2 i see are lightning, mercury layer and hedgehog from supertestnet (just a proof of concept) without ctv or convenants it seems unlike to get the arbitrum/optimism etc of Bitcoin current “l2” ive seen seem obscure but I could be totally wrong

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Chahine pfp

IMO bitcoin and its evolving ecosystem offer a foundation for secure, decentralized value storage and transfer. Its layers and extensions like Ordinals provide avenues for innovation within its robust framework.

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soki pfp

Personally, I won't touch any of them until and unless they build on #bip300

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Miyu iij pfp

Innovations in L2s and Ordinals could unlock new opportunities for Bitcoin.

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prmck.eth (w☮️/acc) pfp

prmck.eth (w☮️/acc)

"Ordinals are just a cash grab" === "NFT's are just a cash grab"

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lil saturn | gm.⌐◨-◨ pfp

lil saturn | gm.⌐◨-◨

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Ray 🎩🏰🍖🧀 pfp

Ray 🎩🏰🍖🧀

Runes are coming to Bitcoin, the fomo is real and it’s going to gigapump. I don’t make the rules. It just is what it is.

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JT_McGrath pfp

Hot take. So… don’t go sweeping floors that will inevitably get dirty again? 118 $DEGEN

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See it as an onchain Blockfi with more higher yield.

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Ashutosh Tripathy

@ashutoshtripathy

Absolutely, the misconceptions around Bitcoin L2s and ordinal chains are rampant. But here's the kicker – it's not about just settling for the status quo. Lightning Network? Sure, it's a glimpse into the scalability potential, but it's merely scratching the surface.

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🤵🏼‍♂️.eth pfp

🤵🏼‍♂️.eth

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Average Crypto Enjooyoooor 🎩 pfp

Average Crypto Enjooyoooor 🎩

Bitcoin is the oldest chain but its ecosystem is still extremely new, there will be innovations. As far as ecosystems go, the amount of liquidity available within the btc ecosystem is unmatched, that’ll attract many big brains who will propel the chain forward. Study runestones if you think it’s all cashgrabs.

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gweiwhale.eth 🔵🎩 pfp

gweiwhale.eth 🔵🎩

this has been my instinct so far but definitely feeling the fomo as well.. how about your thoughts on eth restaking?

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yeet pfp

Not punk enough. Adapt chains not built for building for building.

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