Part 6/15:
He believes that the threat of economic attacks diminishes as miners and users outbid malicious actors, with high transaction fees acting as a deterrent. Overall, this complex dance of game theory keeps Bitcoin resilient against state-level or large-scale attack attempts.
The Utility of Ordinals and Digital Art on Bitcoin
Morgan dismisses ordinals (JPEGs and NFTs on Bitcoin) as “distractions,” arguing that their primary effect is crowding out economic activity essential for Bitcoin’s core function as money. She points out that even peaceful use cases, like embedding art, can create congestion, potentially hindering legitimate payment transactions.