Bitcoin NFTs (Ordinal Theory)

Casey Rodarmor has been working on a numbering scheme for satoshis that allows tracking and transferring individual sats. These numbers are called ordinals. Satoshis are numbered in the order in which they&#x27;re mined, and transferred from transaction inputs to transaction outputs in first-in-first-out order.<p>Ordinals don&#x27;t require a separate token, another blockchain, or any changes to Bitcoin. They work right now.

I can&#x27;t understand this. Is this just putting &quot;serial numbers&quot; on sats? Like the ordinal part can&#x27;t be relevant at all to an application its pure convention. Any permutation of the numbers would provide the same identity, but ordinal is computable and specifiable.<p>So having the &quot;first&quot; block and paying more for it is just as stupid as paying for a dollar with a particular serial number. Its only a market for sats in the sense of a group of speculators imagining an indistinguishable permutation has value over another. So the 8008135 sat is &quot;more valuable&quot; because of its assignment to an arbitrary string?<p>Like the value is the creation of distinguishability through convention?