Opinion from TheNorwegianNFT
Based his thread
Unless you've been living under a rock for the past week, you've probably heard of the Ordinals!
⚠ Here why you have to be EXTREMELY careful in this question, and why your favorite influencer might not think of your interests:
⚡According to @punk9059 , minimum price Ordinal Punks is 55 Eth, and the number of offers reaches 40 Eth.
⚡These numbers match the performance of ANY other blue chip collection, so it's obvious that Ordinal Punks must be something really big.
🤔But is it really so? Let's find out.
@OrdinalPunks that's 100 Cryptopunks mined within the first 650 Bitcoin signatures. Basically, these are the new Bitcoin miners. More information here: ordinalpunks.com.
🤔 But why are these NFTs so insecure?
That's why:
👎 Everything happens over the counter
👎 There are many scams
👎 Low or no transparency
👎 You need to run a Bitcoin node to mine
👎 Extremely high information asymmetry
🤦♂And the first mover advantage is huge.
Your tech friends or favorite influencers spur you on, jack up the price, write articles.
…and sell them to you after you encounter FOMO.
Promoting them as something out of the ordinary
❗Although in reality @OrdinalPunks are derivative.
This is the derivative of @MutantPunksNFT, an Ethereum-based NFT project, launched in October 2021 (!).
See for yourself 👉 HERE ‼
🤔What will be next?
Well, your favorite influencer or savvy friend would say:
“Being derivative is not bad, the main thing is to be the first.”🤡
👉 When they say it, point them to Solana Punks or any historical collection of NFTs on Eth.
👀 But they don't really mean it - a year ago they were all saying that derived collections had little to no value.
‼They just know that promote a profitable narrative.
They already have the technical know-how to buy and enough network to spin these things.
“Obviously TheNorwegian extinguished Ordinal NFTs”, you say.
"Intentionally", I will say.
🙅♂I refuse to be a liquid outlet for hype band members or frontrunners.
🙅♂I refuse to buy the emperor's new clothes.
You should also think about this.
☝Finally, I do not have a negative attitude towards new innovations, nor towards Bitcoin-NFT, nor towards Ordinal-NFT.
✔I think that Bitcoin-NFT can be a great tool for this space and attract new people to it.
❌However, I have a negative attitude towards orchestrated hype and influencersselling you stones in a golden shell.
🍀Be careful and rely only on your research.
Author: Inna
