> Probably that it’s very centralized.

https://old.reddit.com/r/Bitcoin/ has 4.978m members. I wonder what their response to this would be...

They have a very strict automod to protect their echo chamber. Post it there and you'll find out lol

Cross-post it to https://www.reddit.com/r/Buttcoin/ and get out the popcorn !

>Probably that it’s very centralized. Or at least that the price is able to be highly influenced by a few individuals/groups.

The article and the parent comment are about Ordinals. Your comment appears to be an opinion about Bitcoin the asset and/or network itself.

No, I was talking about Ordinals. FTA, right after the parent's comment:

> However, we notice that by spending only 0.005% of the total Bitcoin supply on transaction fees, a single entity can significantly impact the entire Blockchain regime.

That quote is about "Bitcoin supply" and impact to the "entire Blockchain regime" (ie the Bitcoin blockchain), not Ordinals.

Regardless, Ordinals is not centralized. See the correction in the article.

I think this is the point that gets missed in arguments about state actors being involved. That doesn't matter, what matters is that very few people (e.g. miners, exchanges, whales, etc) can determine very large outcomes for cryptocurrencies, with no way to avoid them.

The only way to win is not to play