Lorenzo first openly explained why UniSat holds ORDI.
Back then, UniSat wanted to do a BRC20 Swap on the Bitcoin mainnet, and ORDI was selected as the primary trading asset, with sats used to pay transaction fees. The product had already been built to an MVP and development was basically complete, but in the end it got stuck on ecosystem consensus.
Just because the code can be written doesnโt mean everyone is willing to upgrade and follow the rules.
Lorenzo called this one of UniSatโs most serious and most costly mistakes. The money was spent, the product didnโt land as promised, and community trust was also affected. Later, this route was redirected to Fractal, where it continued to evolve into todayโs InSwap.
I think the biggest value of this tweet is that it explains many of UniSatโs later choices.
The mainnet needs too many people to agree, and Fractal gave them a place where they could keep trying things and learning from failures. UniSat has become more cautious over the years, and thatโs also related to this experience.
Being willing to explain the failure clearly is a plus.
However, Lorenzo hasnโt disclosed how much ORDI is being held, which addresses theyโre held in, or whether theyโre still holding it now. So this can be treated as a piece of history for now, and donโt interpret it directly as a positive catalyst for ORDIโs price.
#UniSat #ORDI #BRC20