Recently, Merely Bitcoin on YouTube published a video of an Ordinals conversation between David Lin and Michael Saylor, co-founder of MicroStrategy. Saylor asserts that the bulk of participants and financial resources in the crypto ecosystem is moving to the Bitcoin base layer and that Bitcoin is emerging as the victor.
It [the Bitcoin community] is low-risk.
Saylor adds that Bitcoin would be the last community operating after all networks are shut down and clients’ crypto security is enforced. The YouTube channel host commends the MicroStrategy government for taking a “level-headed” stance.
Additionally, the YouTuber agrees with Saylor’s assertion that Bitcoin cannot be halted by outside, mighty powers such as “The Government of China or the Government of the United States.”
According to Merely Bitcoin, even if a major player were to purchase A6 LTC Grasp, a crypto-mining tool, for billions of dollars and “assault the system,” they’d end up strengthening the community.
Furthermore, Saylor emphasizes that some documents, such as a will or a person’s name attached to a business, are worth considerably more than money. According to Saylor, these documents might be encoded and stored on Bitcoin to prevent tampering by other parties like law enforcement agencies, governments, and businesses.
The video’s hosts who only use Bitcoin finish it by listing around 20k–30k tokens and forms of payment that have attempted to improve Bitcoin. However, most of them failed and are no longer in existence.
Meanwhile, Saylor’s most recent comments, which were discussed on the PBD Podcast, concerning Ordinals acting as a “catalyst” for Bitcoin acceptance are consistent with his current position. However, he recognizes that Ordinals have sometimes been employed for pointless activities.