Trump NFT series “Trump Digital TradingCards” went online on the Bitcoin network in the form of Ordinals. It is understood that the Ordinals series has only 160 pieces. However, Bitcoin core developer Luke Dashjr criticized Trump’s issuance of Ordinals, saying that Trump is essentially launching a national attack on Bitcoin.
(Summary: Trump made millions of dollars through NFT and DeFi “brand authorization,” what will he do next as a businessman?)
(Supplement: Trump sells the fourth-generation NFT “America First,” limited edition sports shoes, golf dinners… empowering at a glance)
After Trump was elected President of the United States, the market’s expectations for his pre-election encryption policy increased significantly, further bringing back the bullish atmosphere of Bitcoin and the cryptocurrency market. During the campaign before the election, Trump’s support for the cryptocurrency field was not just verbal promises, he personally participated in DeFi and NFT projects and endorsed them.
In addition to the well-known Trump family’s DeFi project World Liberty Financial, he had already caught up with the NFT craze in 2022 and released four NFTs. The first NFT “Trump Digital TradingCards” was also the most sought after in the market because holders of this NFT series could attend private dinners hosted by Trump at his “Mar-a-Lago” estate.
Further reading: What did Trump say at the NFT dinner? Revealing that he is not a cryptocurrency expert
Trump’s NFT series was launched in the form of Ordinals on the Bitcoin network
According to CryptoSlate, Trump’s NFT series “Trump Digital TradingCards” has been released on the Bitcoin network in the form of Ordinals, called “Trump Bitcoin Digital Trading Cards”.
According to official information, there are only 160 pieces in the Ordinals series. Users who want to own them must first purchase 100 “Mugshot Edition cards” and submit their Bitcoin wallet address. After passing the review, they can be minted on Magic Eden. As of now, out of the 119 mintable Ordinals in this series, 19 Ordinals have already been minted. In addition, the minting period only lasts until January 31st.
Bitcoin Core Developer: This is a national-level attack on Bitcoin
However, Bitcoin core developer Luke Dashjr criticized the practice of Trump endorsing NFTs on the Bitcoin network in the form of Ordinals in a post on the 9th. He stated that Trump is launching a national-level attack on Bitcoin:
The new President Trump announced that the United States will launch a national-level attack on Bitcoin. This is not an exercise. Bitcoin is not ready to withstand the threats of national-level attackers.
However, in response to Luke Dashjr’s extreme remarks, netizens in the comments section immediately asked, “I don’t understand why Trump is attacking Bitcoin.” In response, Luke Dashjr said:
The “Ordinals” mentioned here are not just a protocol on Bitcoin, but a means of attack against Bitcoin known as “Ordinals attack”. Trump is clearly funding this attack.
To understand the true intentions, one must see through the surface of these euphemistic statements.
We know that Luke Dashjr strongly opposed the “Ordinals and BRC20 craze” in 2023 because at that time, many Ordinals transactions caused severe congestion on the Bitcoin network, and transaction fees reached a new high in recent years, leading to polarized discussions among Bitcoin developers, miners, and the community.
As a Bitcoin Maxi, Luke Dashjr criticized that the Ordinals are actually sending spam messages to the Bitcoin network and proposed to fix this problem through an updated version at that time.
Signs of revival in the Ordinals ecosystem?
On the other hand, according to data from Dune Analytics, after the rise of the Ordinals ecosystem in April 2023, its popularity continued until April 2024 before showing signs of decline. After the Ordinals ecosystem cooled down in May 2024, it experienced a seven-month low until November when it started to warm up slightly and joined the NFT revival in December, making the ecosystem active again.
This time, Trump’s choice to issue Ordinals on Bitcoin, whether it can revive the Ordinals ecosystem to the “Ordinals craze” of 2023, is worth our continued attention.
