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Ordinals burst onto Bitcoin in 2023 without massive hype—many NFT believers actually dismissed Ordinals as a scam. Fees still skyrocketed, and miners cashed in big.
The boom eventually faded. Projects rugged or ghosted, and many early investors got rekt chasing quick flips. Bitcoin’s sense of purity felt compromised—not by Bitcoin Core itself, but by the surrounding Ordinals ecosystem, which offered little real utility beyond speculation.
Parasitic growth doesn’t last. It alienates the core community that built this ecosystem from nothing—until new, fresh liquidity enters and resets the standard.
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