Issues Surrounding @basedangelsbtc and @Magisat_io Collections:
1. Exclusion of @basedangelsbtc: The team removed this user from the collection to protect holders from potential scams, raising concerns about centralization within #ordinals , which are supposed to be decentralized and immutable.
2. Unauthorized Listing on @Magisat_io: The collection was listed without the founder's consent, violating creator rights. Support has failed to update the correct metadata for 3 days, allowing the sale of stolen assets, which undermines the marketplace's credibility.
3. Buyer Responsibility: The platform warns buyers that they are solely responsible for purchasing items on @Magisat_io, even if they are unauthorized. This adds a burden of due diligence to buyers in a decentralized space.
4. Metadata Manipulation: Removing certain collectibles from metadata to prevent scammers from profiting reveals the "ugly side" of Ordinals. Despite claims of decentralization, this shows that collections can still be controlled centrally, contradicting the immutability principle.
5. Centralization Concerns: The actions taken highlight how Ordinals collections are not as decentralized as claimed, raising doubts about their superiority over Ethereum and Solana in terms of decentralization.
6. Focus on Rare Sats: Some argue that the true Bitcoin assets are #RARESATS , not #NFTs or collectibles that can be tampered with. This calls for a shift in focus back to Bitcoin's core value.
7. Need for Better Bitcoin Assets: To avoid repeating past mistakes of centralized NFTs, the community needs to create more decentralized, immutable assets on Bitcoin using models like "parent-child."
In conclusion, the current approach to handling Ordinals metadata exposes centralization weaknesses and challenges the promise of Bitcoin's decentralization.
