Unlike many other things in the altcoin space, digital artifacts have merit.
There are, of course, a great deal of NFTs that are ugly, stupid, and
fraudulent. However, there are many that are fantastically creative, and
creating and collecting art has been a part of the human story since its
inception, and predates even trade and money, which are also ancient
technologies.
Bitcoin provides an amazing platform for creating and collecting digital
artifacts in a secure, decentralized way, that protects users and artists in
the same way that it provides an amazing platform for sending and receiving
value, and for all the same reasons.
Ordinals and inscriptions increase demand for Bitcoin block space, which
increase Bitcoin's security budget, which is vital for safeguarding Bitcoin's
transition to a fee-dependent security model, as the block subsidy is halved
into insignificance.
Inscription content is stored on-chain, and thus the demand for block space for
use in inscriptions is unlimited. This creates a buyer of last resort for *all*