Ordinals aren’t dead, But the tourists left! For a while, the space was propped up by marketplace liquidity, incentives, and fast money. When Magic Eden stepped back, that layer disappeared overnight. What you’re seeing now isn’t collapse, it’s compression. The protocol didn’t change. Ordinals Protocol still does exactly what it was designed to do: anchor data directly into Bitcoin with no dependency on platforms, no mutable metadata, and no abstraction layer between creator and chain. What broke was the expectation that this was supposed to behave like an NFT market. It isn’t. This is Bitcoin. No shortcuts. No subsidies. No artificial liquidity. So yes, it feels fragmented. Because the people who needed momentum to participate are gone. What’s left is smaller, quieter, and a lot more serious: – builders working on compression, recursion, and indexing – artists who care about permanence, not floor price – collectors who understand provenance on a UTXO set, not a marketplace UI That was always the point. If your framework for Ordinals is “why isn’t there volume?” you’re asking the wrong question. The right question is: what survives when there’s no incentive to fake demand? We’re finding that out in real time. This phase isn’t death, it’s separation. Same tech. Same goal. Just fewer people pretending.

I wonder if the next twitter art boom will be physicals traded for cash instead of crypto and jpegs?

Good morning Sheeple

Borrow against your assets. Dont give up your Bitcoin. Stay free.

Representing Bitcoin in Parliament

If you weren't building through this bear, hopefully you were reading. Start with: Read Write Own by Chris Dixon. Clearest case I've seen for why ownership is the thing that actually matters in the next internet. @a16z

btw, this is why i love the art of @CHIP__ and @flomontoya_

Well the man who eats Bitcoin for breakfast was spotted speaking to a crowd at the conference again🫡

The making of Pepieta 80 hours in 18 seconds

You don’t need as much money as you think. You need consistent income and a portfolio you can borrow against. That’s the whole game. The wealthy don’t sell assets, they borrow against them. No liquidation or tax event, and the assets keep compounding. Bitcoin is the best collateral humanity has ever produced. Stack it long enough and your cost of living becomes a loan servicing problem, not a selling problem. Income covers the payments. BTC does the rest. Stop trying to hit a number and focus on building the structure.

See y'all soon🫡

How do you prove a $45m artwork is real? You inscribe its entire provenance on Bitcoin. Introducing the ArtCube Protocol by @bitbaselart and @trio_xyz Maker lineage. Foundry history. Legal title. IP rights. All immutable. All on-chain. Starting with "Battle of the Centaurs", a 72kg, pure silver casting of Michelangelo's sculpture from 1492. This is the first of many RWA artworks coming to Bitcoin. More info soon.

Ordinals still dominating the Bitcoin memepool 🌊

Miner Sell-Off Q1 2026 Riot Platforms sold 3,778 BTC last quarter for $290 million. They mined 1,473. That means they sold 2.5x what they produced. Holdings dropped 18% year-over-year to 15,680 BTC. And they weren't alone. MARA sold 15,133 BTC for $1.1 billion. Core Scientific dumped 1,900 BTC and is planning to liquidate most of what's left. Bitdeer emptied its entire treasury. Genius Group, gone. All of it. This is the post-halving math catching up. Block rewards got cut in half. Difficulty kept climbing. Energy costs didn't drop. The only lever most miners have is selling the BTC they're supposed to be accumulating. Riot's average sale price was $76,626. Today BTC is sitting at $66,800. They sold at the right time. But that's not a strategy, that's luck. The structural problem is simple: miners are being forced to liquidate the very asset they exist to produce, because they have no mechanism to borrow against it. Every other commodity industry solved this decades ago. Oil producers don't sell crude to fund drilling — they use reserve-based lending. Farmers don't sell grain to buy seed — they use crop as collateral. Gold miners draw against proven reserves. Bitcoin miners sell bitcoin to pay the electricity bill. There's over $77 billion in BTC sitting on public company balance sheets, 1.16 million BTC across 195 companies. Most of it is being liquidated quarter by quarter to fund operations, AI pivots, and infrastructure expansion. That's not treasury management, that's slow-motion dilution of the most scarce asset on the network. The miners who survive the next two years won't be the ones with the most hashrate. They'll be the ones who figured out how to stop selling their BTC.

Introducing Inscription Memos x.com/i/broadcasts/1nGeLyZYq…

Good Morning Art Collectors🫡

I did a thing... who wants to see?

Bitcoin isn't just digital money And Proof-of-work makes it the first asset in history whose security is directly proportional to provable energy input, creating an unforgeable moat backed by physics rather than politics.

Alysa Liu recently went viral for her Teen Vogue rant on BIP-110. "Miners of the Bitcoin blockchain, you weary giants of flesh and steel, I come from the realm of rough consensus and running code," said the figure skater, adding that "you have no sovereignty over the node I run -- and no authority to decide which Bitcoin transactions are acceptable."

Early Ordinals didn’t have polished front ends We had spreadsheets We had Discord We had people racing to inscribe before the next block hit That was the magic! No big marketplace. No safety net Just Bitcoin and conviction Now Magic Eden is stepping away from Bitcoin If that shakes your resolve, you probably missed what this was from the start The inscriptions dont live on a website They live on sats And that thesis hasn’t gone anywhere Platforms rotate Bitcoin doesn’t.