I think we have all noticed over the past few days the extremely high gas fees in Bitcoin and Ethereum. The causes of these are pretty well known. Ordinals / tokens on the Bitcoin chain are raising Bitcoin gas fees, and the return of memecoin season is the leading cause of high Ethereum gas fees.
Bitcoin has, essentially, since it's creation not had any significant problems with high gas fees, and the consistency of them was a god selling point.Obviously, Ethereum has many positives as well, smart contracts, tokens, NFTs and more.
However, the arguably lower block size in Bitcoin causes the bitcoin network to become congested much faster. I think that Ordinals are going to hurt bitcoin in the long run. We already have Ethereum for tokens, NFTs, smart contracts and a lot more, as well as many smaller chains (BSC, Polygon etc,)
I am not a Bitcoin maxi whatsoever. I think that there are many good projects and chains out there, however, I do think that Ordinals will bring more harm than good to the Bitcoin ecosystem.
Please feel free to disagree with me in the comments
As always, good luck and happy trading
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