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Poll

What do you think should happen to ordinals?

should be banned
6 (54.5%)
nothing, let them run out of money
3 (27.3%)
they are the future. Look for L2 solutions
2 (18.2%)

Total Members Voted: 11

Author Topic: What do you think should happen to ordinals?  (Read 1268 times)

Offline ABCbits

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Re: What do you think should happen to ordinals?
« Reply #30 on: January 06, 2024, 10:51:24 AM »
I came across this article somewhere and this represents a serious (announced) problem if we speak about ordinals or any NFT on the Bitcoin blockchain.

Quote
Child abuse imagery found within bitcoin's blockchain
source: https://www.theguardian.com/technology/2018/mar/20/child-abuse-imagery-bitcoin-blockchain-illegal-content

Just as mixers were banned on the BTT forum, should we expect harsher sanctions from the authorities against Bitcoin, because things like this are certainly not legal anywhere?
This is certainly a problem. This should not be allowed.
Maybe sanctions against the people who put that data there are more feasible.  Or against the miners who added this kind of data to a block.

Adding transactions to their mined block is done automatically though, miner (or rather pool) hardly could be blamed. Hiring human to check all unconfirmed transactions which will be added to their mined block could be very costly to mining pool.
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Re: What do you think should happen to ordinals?
« Reply #30 on: January 06, 2024, 10:51:24 AM »

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Offline KryptoBull

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Re: What do you think should happen to ordinals?
« Reply #31 on: January 06, 2024, 03:43:01 PM »
Like what happened to Ethereum and the emergence of MATIC, OP and ARB, I count Ordinals as a driving force for L2 projects for Bitcoin to grow stronger this year. It is very difficult for Miners to agree to remove Ordinals from the network because this directly affects their income. An effective L2 solution will be the new home for Ordinals and we can explore more of their value.
« Last Edit: January 06, 2024, 03:45:51 PM by KryptoBull »

Offline Gormicsta

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Re: What do you think should happen to ordinals?
« Reply #32 on: January 06, 2024, 07:26:14 PM »
Like what happened to Ethereum and the emergence of MATIC, OP and ARB, I count Ordinals as a driving force for L2 projects for Bitcoin to grow stronger this year. It is very difficult for Miners to agree to remove Ordinals from the network because this directly affects their income. An effective L2 solution will be the new home for Ordinals and we can explore more of their value.

That's a very fascinating viewpoint! While it's true that L2 solutions like Optimism (OP), Polygon (MATIC), and Arbitrum (ARB) have contributed significantly to Ethereum's rise to prominence, it's also plausible that other solutions might have a comparable impact on Bitcoin. The notion that Ordinals might play a significant role in an L2 Bitcoin solution is an intriguing one. I see how this could contribute to the general rise in popularity of L2 solutions and ordinals.

Offline Gurujebs

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Re: What do you think should happen to ordinals?
« Reply #33 on: January 06, 2024, 07:34:50 PM »
Like what happened to Ethereum and the emergence of MATIC, OP and ARB, I count Ordinals as a driving force for L2 projects for Bitcoin to grow stronger this year. It is very difficult for Miners to agree to remove Ordinals from the network because this directly affects their income. An effective L2 solution will be the new home for Ordinals and we can explore more of their value.

This moves about ordinals is most likely because of the bullrun we are currently, let's say they refused to listen, they will soon fade out because I see as another wave of trends on the bitcoin network. Didn't ethereum had similar problem during the ICO times and fees were so crazy but they cool off as we enter into the bear zone, they are almost like very low in that period. Even ordinals will cool off and if they remain irrelevant by then, the world will forgot and move on.

Matic and Arb are later2 solution to Ethereum congested chain and not bitcoin, the bitcoin chain layer is Lightening Network but it's complex to used, route to pass transactions and opening and closing of channels is another problem to start using, it's not the best solution to this brouhaha spams ordinals.
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Offline ABCbits

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Re: What do you think should happen to ordinals?
« Reply #34 on: January 07, 2024, 09:47:40 AM »
Like what happened to Ethereum and the emergence of MATIC, OP and ARB, I count Ordinals as a driving force for L2 projects for Bitcoin to grow stronger this year. It is very difficult for Miners to agree to remove Ordinals from the network because this directly affects their income. An effective L2 solution will be the new home for Ordinals and we can explore more of their value.

But Bitcoin L2 (such as Liquid and Rootstock) which support NFT already exist before Ordinals, but so far it remain unpopular.
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