2024-07-20 at 6:08 AM UTC
Hi.
Morshoo pls answer.
I was listening to a debate earlier today between a Chicago and an Austrian economist and the concepts of cardinal and ordinal utility came up.
They both critiqued the flaws of both methods of "measuring" utility.
The critique of cardinal utility was this: That cardinal utility is an attempt to quantify a qualitative observation.
The critique of ordinal utility was this: That ordinal utility can vary between different instances concerning the exact same goods/services and is dependent on many variables, so much so that ordinal utility is not kept constant.
My question is this: what are the appropriate circumstances under which method of "measuring" utility should be used?
2024-07-20 at 2:45 PM UTC
How to Create Bitcoin Ordinals
To create Bitcoin Ordinals, you will need to know how to use a command line interface (CLI), or you’ll need to use a special online platform like Gamma.io.
The original and most technically involved way to create Bitcoin Ordinals is by using a CLI. This requires running a full Bitcoin node, understanding Bitcoin commands, and having some technical proficiency. It offers the most control but has a steep learning curve.
To make Ordinal NFTs more accessible, platforms have emerged that simplify the process by providing user-friendly interfaces and handling the technical complexities of creating this type of digital asset.
How to Mine Bitcoin Ordinals
Miners for Bitcoin Ordinals and standard fungible satochis use the same mining process. The first miner to solve a complex problem gets to validate a block of transactions and add a new block to the blockchain. As a reward for their work, the miner receives a financial reward. The reward consists of newly minted bitcoins (BTCs) as well as fees from all the transactions included in the block.
It’s worth noting that larger transactions, like those containing Ordinal inscriptions, typically offer higher fees to incentivize miners to include them in a block.
2024-07-20 at 2:54 PM UTC
YOu can measure the utility of this dick by how hard it pokes you in your soul
