NFTs

Note: This was originally posted on X and has been re-posted/reformatted for posterity here. I’ve seen the view that “Taproot caused/enabled arbitrary data storage on Bitcoin” commonly mentioned across Twitter, and it’s one that can be extremely harmful. Many in the space would love to further ossify (prevent change) in Bitcoin and use inscriptions/tokens “spam” as the reason for doing so, but I’d argue that that would be the worst possible outcome from this situation. ...