Just when I thought that Bitcoin could not possibly become any more stupid, I saw this on Reddit.
The halving will occur at block height 840,000 (a count of how many blocks have been hashed to the blockchain), and already people are predicting that will be the most valuable block to be mined to date. This is related to the point above: Ordinals works by assigning serial numbers to individual satoshis (or sats, the smallest denomination of BTC), which turns a fungible asset like bitcoin into something with provenance, identity and scarcity.
Tristan, the founder of Ordiscan.com, which tracks Ordinals projects, predicts that collectors of these “rare sats” could value the data in block 840,000 at $50 million dollars. Under the “Rodarmor Rarity” system, which assigns value to Bitcoin protocol events like difficulty adjustments and halvings, the first satoshi in the block alone could be worth upwards of $1 million, he wrote in a blog post.
They're turning Bitcoins satoshis into NFTs. And if you thought spending money on links to monkey jpegs was stupid, how about buying a random-ass hash?