So Leonidas mentioned that if Bitcoin devs try to censor Ordinals, they'll fork Bitcoin Core. What do you guys think about that? Seems like a bold move.
Bitcoin Ordinals and the Future of BRC20
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Honestly, that’s a long shot. Core devs don't decide what miners pick to include. As long as those transactions are valid, miners can add them. No way to completely get rid of them.
True, but if enough miners back Ordinals, it could stick around. I mean, they’ve shown they can generate revenue through fees. Why would miners ignore that?
dave_sigmaNewbie
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#4Jun 5, 2024, 03:52 AM
Still think it’s a stretch. If some devs push for censorship, it'll require a big consensus change. It's not that simple.
Right? And honestly, even if they censor, it doesn't guarantee the transactions would disappear. Miners want fees, so they'll include them anyway.
Exactly! If there’s a market for fees, those transactions will keep getting confirmed. But that might turn BTC into a spam chain... not sure if that's a good look.
Sure thing, but miners will always look for revenue sources. They need it beyond just block rewards. Ordinals and NFTs bring in cash, man.
I mean, if we're looking for proof of all this, it’s probably worth checking out the source statements that sparked this whole discussion.
k1ng_blockNewbie
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#9Jun 5, 2024, 09:37 AM
Lol, yeah, I saw that. It’s not really about censoring, but more about controlling how Bitcoin is used. I get that perspective.
But let’s be real. Do you really think a bunch of Ordinals enthusiasts could outlast the core devs? Sounds kinda naive.
Exactly! Would exchanges even list a forked version? It’d just be a joke at that point.
Totally agree. Leonidas might be good at hyping things, but it feels like he’s just cashing in while the trends last.
Yeah, I’ve been watching him for a while too. Seems like he knows which way the wind blows, but I doubt he’ll follow through on a fork.
k1ng_blockNewbie
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#14Jun 6, 2024, 02:03 AM
Every time Bitcoin faces spam attacks, it’s the same old story. They market it as a way to stress-test things, but it’s really just flooding the network.
Can’t help but laugh at how people think this is some noble cause. They’re just using BTC as a glorified storage service.
For real! The moment he forks, if that even happens, he’ll lose all value since it hinges on Bitcoin itself. Can’t just jump ship.
diamond_minerFull Member
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#17Jun 8, 2024, 05:56 PM
But hey, he can always pivot to another project if this one flops. Not like he has anything to lose.
k1ng_blockNewbie
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#18Jun 8, 2024, 08:43 PM
I don’t think it’s malicious to use Ordinals, though. It’s all about making money honestly. Harm to the network is kinda subjective.
Sure, but you can’t deny it gets annoying for regular users when fees spike. That’s a big deal for people who actually want to use BTC.
k1ng_blockNewbie
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#20Jun 9, 2024, 01:52 AM
And it’s definitely harmful for businesses that thrive on lower fees. High fees can really make BTC less competitive as a currency.