Viewpoint: Regarding the fees and free options in Ordinals, in the long run, they are actually the same.

Viewpoint: Ordinals' fees and free options are effectively the same in the long run.

Encrypt KOL wrote a recommendation sharing their observations and insights on Ordinals. They believe that in the long run, the distinction between paid and free content in Ordinals, including Bitcoin NFT and BRC20, is actually the same.

Opinion: In the long run, charging and free are actually the same. Bitcoin NFT is permanently stored and there is no royalty, so artists and developers need incentives. There are two ways to bring revenue to artists. One is to directly charge for Bitcoin NFT, so that artists and developers can directly benefit and use it to develop the ecosystem and create better products. This is a more direct form. The second is for artists or developers to reserve a portion for future sales. This is already mentioned in the handbook on the Ordinals website and is not unethical.

Advantages and disadvantages of direct charging: 1) The advantage is that it directly incentivizes the project party and can be used to maintain market and development promotion work. Artists have less pressure. The project price is not 0, and there is already a consensus floor price. 2) The disadvantage is that it may increase the cost for early participants, and this form of direct charging may not be easily accepted intuitively.

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Free, reserved for later sale: 1) The advantage is that the cost for the first batch of participants is low, and it is easy to be accepted and promoted. 2) The disadvantage is that the reserved portion thrown out later will cause a greater impact on the market. After the project party sells it, it may abandon the original project because the free project party has no responsibility for long-term maintenance. Therefore, for a long-term project, the overall impact of direct charging and free is almost the same. Only the time period and emphasis are different. In addition, there is the intervention of mining fees, so the cost of free is not completely free. Therefore, charging is not necessarily expensive, and free is not necessarily attractive.

Reference: https://twitter.com/ohxiyu/status/1662674051750576128

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