Ordinales Creator criticizes Yuga Labs for degenerated Bitcoin NFT auction

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Von: Krypto News Österreich

Während viele begeistert waren, als Yuga Labs letzten Monat seine erste Ordinals-NFT-Sammlung ankündigte, erweist sich die genaue Art des Auktionsprozesses als äußerst umstritten. Casey Rodarmor – der Erfinder von Ordinals – bezeichnete den Verkauf des NFT-Riesen als „degeneriert“, weil er die Bitcoin-Bestände seiner Teilnehmer gefährdete. Das Problem mit Bitcoin-Auktionen In einem Twitter-Thread Am Sonntag veröffentlichte Yuga Labs Details darüber, wie sein bevorstehendes „Zwölffach„Auktion würde funktionieren. Twelvefold umfasst 300 NFTs – von denen 288 zur Versteigerung gelistet wurden, die restlichen 12 gehen an „Mitwirkende, Spenden und philanthropische Bemühungen“. Die Firma wies die Anhänger an, das Twelvefold zu besuchen Webseite um an …
While many were enthusiastic when Yuga Labs announced his first Ordinals collection last month, the exact type of auction process proves to be extremely controversial. Casey Rodarmor-the inventor of Ordinals-described the sale of the NFT giant as "degenerated" because he endangered the Bitcoin stocks of his participants. The problem with Bitcoin auctions in a Twitter thread on Sunday published details about how his upcoming “twelve roof” would work. Twelvefold comprises 300 NFTS-of which 288 were listed for auction, the remaining 12 go to “participants, donations and philanthropic efforts”. The company instructed the supporters to visit the Twelvefold website to ... (Symbolbild/KNAT)

While many were enthusiastic when Yuga Labs announced his first ordinals nft collection last month, the exact type of auction process proves to be extremely controversial.

Casey Rodarmor-the inventor of Ordinals-described the sale of the NFT giant as "degenerated" because he endangered the Bitcoin stocks of his participants.

The problem with Bitcoin auctions

in a Twitter-Thread On Sunday Yuga Labs published details about how his upcoming " Zwölffach " Auction would work. Twelvefold comprises 300 NFTs - 288 of which were listed for auction, the remaining 12 go to "participants, donations and philanthropic efforts".

The company instructed the supporters to visit the Twelvefold website to take part in the auction and to hand it over-what the sending of bitcoin to a clear Bitcoin address in the possession of Yuga.

The best 288 commandments win an enrollment. There will be a leaderboard throughout the auction that shows the current bids. The winners receive their twelvefold regulations within a week after the auction.

-yuga labs (@yugalabs) 5. March 2023

The auction began on March 5 at 3:00 p.m. PT and is scheduled to take a full 24 hours. However, only a few hours after the beginning of the bidding process, the bidding procedure was examined by certain community members, who feared that the auction contained too much trust in Yuga.

Twitter-user @veryordinally, for example, called yuga created a "really bad precedent" for the auction in the resulting bitcoin nft space.

"You keep the bitcoins of the bidders with the promise to return unsuccessful commandments," he said. "I don't doubt that you will do that, but this model is the dream of a fraudster, and credible players have to go a better example."

Rodarmor later quoted the answer from Ordinaly on Twitter and agreed to agree while he added some malignant criticism to Yuga:

Lieble @yugalabs , @very usually is correct. Actions like this prove for some entities and humans: "Once a SHITCOINE, Always a SHITCOINE."

When I personally, Casey Rodarmor, ever see her, Yuga Labs, the entity, fucking with such degenerated bullshit again, I will wash myself ... https://t.co/coarsn4x0o

- Casey Rodarmor (@Rodarmor) 6. March 2023

"Anyone who has worked for Yuga Labs long enough showed his true face," said Rodamor to the auction on Monday. "You lack a combination of backbone, intelligence, character, ingenuity, talent, empathy or experience."

Ethereum vs Bitcoin NFTS

as the popularity of ordinals in February increase, supporter argued that ordinal NFTS had the advantage directly into the blockchain from bitcoin. Ethereum NFTS, on the other hand, simply save files on a server and refer to the corresponding directories.

Bitcoin has long been missing the smart-contract ability from Ethereum, which enables various forms of decentralized trade-including trust services. Without this, it becomes more difficult with Bitcoin to operate a trustworthy trust service that is necessary to facilitate auctions.

some Twitter users argumented that Bitcoin auctions should alternatively use partially signed Bitcoin transactions (PSBTS). The technology enables several parties to sign a transaction before being sent to the network.

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