Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: bitmover on December 20, 2023, 06:07:05 PM
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Ordinals become something impossible to ignore. We are hitting avg fees over 500 sat/vbytes in some blocks.
On one side, people are saying they are just spamming the network.
Luke, bitcoin developer, already called for an ordinal Ban.
https://decrypt.co/139576/bitcoin-developer-calls-block-ordinals-brc-20-tokens-network
Jack Dorsey's mining pool are censoring them in their blocks
https://news.bitcoin.com/jack-dorsey-backed-bitcoin-mining-pool-ocean-acknowledges-filtering-ordinal-inscriptions/
On the other hand , freedom is important.
Personally, I would say that bitcoin transactions are more important than storing jpeg in the blockchain
What do byou think?
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It is just like you have said that freedom is very important, let's face the fact, aside the fact that the ordinals and causing congestion on the bitcoin network which have resulted to extreme high transaction fees, no body probably who would have cared whether they(ordinals) existed on the bitcoin network or not, Infact, majority of us could have seen their existence on the bitcoin network as a good thing as it means more usecase for bitcoin, just like Eth is used as gas for token transactions on the Ethereum ecosystem.
But right now, we are here, and I think there isn't much we can do aside accept things the way they are, and personally, I feel that with miners rewards getting halved on every every halving, the high fees will contribute in keeping the bitcoin network secure as it will encourage the miners to keep mining, we all can shift to L2 of the bitcoin network - which is the lightning network, when the fees become too high for us to keep transaction on L1, we leave the L1 for those who are transacting in high amount of bitcoins and ready to pay any amount in fees.
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On the other hand , freedom is important.
Personally, I would say that bitcoin transactions are more important than storing jpeg in the blockchain
What do byou think?
Freedom is important, but this ignores the basic purpose of Bitcoin. BRC spammers have occupied the network only for themselves and it is practically unusable for smaller transactions. Some of my micro-businesses have been completely devastated by excessive fees.
Like all meme coin manias, I expect that the demand for BRC will decrease once, until then ordinary users have to suffer. That is why I am a supporter of removing BRC from the network as soon as possible, and that there is no waiting for a natural decline in interest in them.
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It is just like you have said that freedom is very important, let's face the fact, aside the fact that the ordinals and causing congestion on the bitcoin network which have resulted to extreme high transaction fees, no body probably who would have cared whether they(ordinals) existed on the bitcoin network or not, Infact, majority of us could have seen their existence on the bitcoin network as a good thing as it means more usecase for bitcoin, just like Eth is used as gas for token transactions on the Ethereum ecosystem.
Definitely, it's best to neglect the situation at hand and act as if it never happened. But considering the fact that there would be a rapid increase of congestion, and we are even facing some minor issues of heavy charges, is there no possible actions that can b taken for the present situation ?.
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Luke, bitcoin developer, already called for an ordinal Ban.
https://decrypt.co/139576/bitcoin-developer-calls-block-ordinals-brc-20-tokens-network
Jack Dorsey's mining pool are censoring them in their blocks
https://news.bitcoin.com/jack-dorsey-backed-bitcoin-mining-pool-ocean-acknowledges-filtering-ordinal-inscriptions/
They are very first people made initiative to handle network spams from BRC guys but it breaks a core value of Bitcoin blockchain, no censorship.
I agree that Bitcoin developers and community have to think of solutions for it but I don't support these ones from Luke and Jack.
On the other hand , freedom is important.
Personally, I would say that bitcoin transactions are more important than storing jpeg in the blockchain
Freedom is important and non-censorship is important too.
It's painful to experience very expensive transaction fee right now but I have belief that even we don't have any technical solution for it, those BRC20 tokens will die with time. They can not attract money from lazy and greed people forever. They appear, make hype, attract money but will also tail off then die with time like NFTs on altcoin blockchains.
If we need example of self-destruction, tail-off, death with time effects, altcoins NFTs are very good examples.
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It's no longer news that this whole Bitcoin Memepool congestion started right after the introduction of the so called ordinal token, So if we are to solve the congestion issue, I believe the best solution would be to completely get rid of the ordinal token.
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It's either ignore and live with it or just use another coin for transactions.
Looking at mempool, there are still many people who are using Bitcoin over time, so I guess they just simply ignored it.
Many are requesting for ordinals to get banned, but correct me with this one. I think for something to be implemented, many people must agree with it, and that includes the miners as well. I don't think they will like this one because it will affect their profitability. Overall, like what happened during the last NFT hype, this BRC20 hype will subside as well, and I expect fees to go down too... or will they? ;D ;D
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It's either ignore and live with it or just use another coin for transactions.
Looking at mempool, there are still many people who are using Bitcoin over time, so I guess they just simply ignored it.
Many are requesting for ordinals to get banned, but correct me with this one. I think for something to be implemented, many people must agree with it, and that includes the miners as well. I don't think they will like this one because it will affect their profitability. Overall, like what happened during the last NFT hype, this BRC20 hype will subside as well, and I expect fees to go down too... or will they? ;D ;D
Yeah people are still using Bitcoin, but not as much as they used to before, overtime, many people has switched to moving their funds through other alternative tokens that requires less fee to do so, which isn't good at all for business, yes miners have decided to remain adamant about this whole Memepool saga, simply because they're the ones benefiting from the high transaction fees and correcting the whole thing would affect their profitability.
Well then I just hope this whole thing ends soon because if it persists, a lot of people might just get tired of the high transaction fees and decide to divert their attention to other means.
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It's either ignore and live with it or just use another coin for transactions.
Looking at mempool, there are still many people who are using Bitcoin over time, so I guess they just simply ignored it.
Using another coin for transactions is like saying Bitcoin as lost its p2p value use altcoin, Soon with this Bitcoin will only be seen as a store of value and this is out of what it should be, there are definitely going to be individuals still using it no matter the congestion but we doing small transactions can't afford it.
It is just like you have said that freedom is very important, let's face the fact, aside the fact that the ordinals and causing congestion on the bitcoin network which have resulted to extreme high transaction fees, no body probably who would have cared whether they(ordinals) existed on the bitcoin network or not, Infact, majority of us could have seen their existence on the bitcoin network as a good thing as it means more usecase for bitcoin, just like Eth is used as gas for token transactions on the Ethereum ecosystem.
Alot would have still cared don't forget earlier this year there were spamming Bitcoin with s**ty inscriptions and now the free accelerator (ViaBTC) we are using as been taken over by bots, you can't call this freedom In fact it is far from it, all I see are self centered folks Ordinal should be scrap out or move to layer 2
But right now, we are here, and I think there isn't much we can do aside accept things the way they are, and personally, I feel that with miners rewards getting halved on every every halving, the high fees will contribute in keeping the bitcoin network secure as it will encourage the miners to keep mining, we all can shift to L2 of the bitcoin network - which is the lightning network, when the fees become too high for us to keep transaction on L1, we leave the L1 for those who are transacting in high amount of bitcoins and ready to pay any amount in fees.
Miners will still earn even after the halving reward as long as the block size is not increased and also don't forget bitcoin price will continue to increase which is making up also for the halving. We all can't move to L2, moving Ordinal to layer 2 would be better don't forget not everyone can technically set a LN and other easy alternative maybe LN be CEX
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Alot would have still cared don't forget earlier this year there were spamming Bitcoin with s**ty inscriptions and now the free accelerator (ViaBTC) we are using as been taken over by bots, you can't call this freedom In fact it is far from it, all I see are self centered folks Ordinal should be scrap out or move to layer 2
It's frustrating to see that they've not only crowded the mempool but also found the Viabtc accelerator. They keep blocking the free accelerator with their bots, making people even more annoyed. They're making everything really unpleasant, and I hope they get banned soon.
Using another coin for transactions is like saying Bitcoin as lost its p2p value use altcoin, Soon with this Bitcoin will only be seen as a store of value and this is out of what it should be, there are definitely going to be individuals still using it no matter the congestion but we doing small transactions can't afford it.
That's where we're heading slowly, but Bitcoin hasn't lost its value. More people keep buying and investing, is another reason for the congestion. It's okay to use a different coin for transactions now. It not only saves money but also cuts down on the high fees you expected to pay. I have a transaction stuck for days, and it's really frustrating. Curse the ordinals
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Alot would have still cared don't forget earlier this year there were spamming Bitcoin with s**ty inscriptions and now the free accelerator (ViaBTC) we are using as been taken over by bots, you can't call this freedom In fact it is far from it, all I see are self centered folks Ordinal should be scrap out or move to layer 2
It's frustrating to see that they've not only crowded the mempool but also found the Viabtc accelerator. They keep blocking the free accelerator with their bots, making people even more annoyed. They're making everything really unpleasant, and I hope they get banned soon.
And who actually is going to ban the ordinals on the bitcoin network? Remember that the bitcoin blockchain is decentralized, which means that the network is not controlled by a single entity, but by the entire community of bitcoin miners and other supporters of bitcoin in their various forms, and like many of us here already know, there are some bitcoin mining pools that have started blocking transactions coming from ordinal, example to the jack dorsey mining pool.
But one thing about decentralization is that, the fact that some group of people aren't cool with a thing, does not mean the other group of people aren't cool with that thing as well, the mining pool which belongs to Jack dorsey are saying no to ordinals, but other mining pools are still supporting it possibly because of the money they are making from the high transaction fees.
This tells us that, not every bitcoin miner cares about the health of the bitcoin network, some are just there for the money and nothing more.
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Overall, like what happened during the last NFT hype, this BRC20 hype will subside as well, and I expect fees to go down too... or will they? ;D ;D
okay that will they is very ominous ;D ;D
About the ordinals am not sure is possible to banned it through community wide consent and trying to deny them entry by the developers may lead to further problems especially in cases of Segwit.
Ordinals are like parasites but cutting them off with force might leave scars
So we have to take a delicate approach by waiting
As most have said is a passing fad
Let's take it as a kid playing with a new toy, the child will definitely get tired of it.
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This only gives more rooms for more criticism of bitcoin, it has lost its “cheap transaction” its “speed (Unless you’re willing to pay some unrealistic price for fee)”.
That's where we're heading slowly, but Bitcoin hasn't lost its value. More people keep buying and investing, is another reason for the congestion. It's okay to use a different coin for transactions now. It not only saves money but also cuts down on the high fees you expected to pay. I have a transaction stuck for days, and it's really frustrating. Curse the ordinals
If you’re in dire need of the confirmation of the transaction then use “RBF” but note that it’s going to cost you more money. Sometimes even the RBF fee is quite discouraging imagine having to pay $15 for a $50 transaction just so that they can confirm my transaction. It’s just so frustrating to be honest.
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I wish BRC token can be gotten rid of from bitcoin blockchain but I don't know how possible is that, because the ordinal has caused a hike in fee and people that are having small transactions are finding it not funny to pay high fee for it. I think that the best thing is to live with it until it subsides because it is not going to last forever. My fear is that this one more BRC20 token would soon be created wouldn't those tokens be hyped too. We just have to use whatever method of that would suit the kind of transaction we want to make. Small transactions should use LN and big transactions should pay the fee or better still hodli till it is over.
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Of course, we want freedom, but we should understand how did someone come up with this kind of attacks. It was that the devs of Ordinals has found a loophole on the code and so he exploited it to cause havoc on the mempool.
So we have to weight everything it, should we censor them because in the first place what they did is an exploit?
Similar to let's say in a online gambling site, you found a exploit and take advantage of it and then make huge money until the casinos found that there are bugs and you didn't report it. So definitely the decision will be outright ban of your account. So you will be the judge and if you think that the analogy make sense.
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More of the same discussion!
This is garbage that is not meant to be in the Bitcoin blockchain! The blockchain was meant for registering cheap and fast transparent transactions. This is clogging the network and forcing it in the opposite direction! Slow and expensive transactions!
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Ordinals become something impossible to ignore. We are hitting avg fees over 500 sat/vbytes in some blocks.
On one side, people are saying they are just spamming the network.
Luke, bitcoin developer, already called for an ordinal Ban.
https://decrypt.co/139576/bitcoin-developer-calls-block-ordinals-brc-20-tokens-network
Jack Dorsey's mining pool are censoring them in their blocks
https://news.bitcoin.com/jack-dorsey-backed-bitcoin-mining-pool-ocean-acknowledges-filtering-ordinal-inscriptions/
On the other hand , freedom is important.
Personally, I would say that bitcoin transactions are more important than storing jpeg in the blockchain
What do byou think?
I agree with you that Bitcoin transactions are more important then these spammy transactions. and should not be equipped with them while normal bitcoin users waiting for hours and sometime days for their transaction to confirm.
but they are somewhat profitable for some people out there and those peoples are very happy with them. I think there should be a middle solution for them. the best solution I can think of is that they move to another Blockchain or Built a Layer 2 Sulotions so Bitcoin Network and Bitcoin users won't be effected from them.
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Ordinals become something impossible to ignore. We are hitting avg fees over 500 sat/vbytes in some blocks.
On one side, people are saying they are just spamming the network.
On the other hand , freedom is important.
Personally, I would say that bitcoin transactions are more important than storing jpeg in the blockchain
What do byou think?
Bitcoin was built to be censorship resistant to any jurisdiction or a person or any government and that was in part of Satoshi's vision to build any form of JPEG spam on the blockchain but as an open source for development where it is needed. If not for NFTs that brought this crazy disaster, no one in the Bitcoin community would have accepted this idea but it is making money for miners who control the security, they will call it development which I see as nothing because if JPEG couldn't survive in any other chains, what is that special thing will they offer here than spamming the mempool. To say that NFTs are not even trending much like before in alternative chains says how quickly this will die but let them continue to burn their money for transactions, everything will soon unfold and clear.
I believe if all mempool chose to ban any inscribed transactions, half of our problems with transactions will be solved but I think many are focused on the upcoming halving and what new price bitcoin will bring to the market. Perhaps they will raise a motion to remove it after the halving or after the bull run to stop these fanzines of JPEG
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On the other hand , freedom is important.
Personally, I would say that bitcoin transactions are more important than storing jpeg in the blockchain
What do byou think?
It creates a major disruption and many merchants have stopped using Bitcoin I have a hard time funding my Namecheap account of Bitcoin, for $10 funding I have to pay $7 or even higher so I have to resort to using PayPal.
You cannot expect traders and developers to continue using Bitcoin in their platform with this kind of fee, which is why many of them are making a big switch to altcoins.
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Personally, I would say that bitcoin transactions are more important than storing jpeg in the blockchain
What do you think?
When Ordinal inscription initially launched and people started minting JPEG, I observed that most of early inscription holder under 100k got a huge airdrop which also attract my attention to mint also one image for future usecase. I was so positive with this feature but when a huge network congestion started almost all included me gots worried about it and thinking that it should not be there. We have to pay a very fee or wait for long time just getting our small payment.
I love to gives everyone freedom in using btc due to it's decentralized nature but I think it will be better to migrate ordinal to other fork which have not any direct impact on btc normal transaction. Just like Ethereum layer2 having no direct impact on main chain transactions. Current network and transaction fee status totally dying the purpose of btc.
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Ordinals become something impossible to ignore. We are hitting avg fees over 500 sat/vbytes in some blocks.
On one side, people are saying they are just spamming the network.
On the other hand , freedom is important.
Personally, I would say that bitcoin transactions are more important than storing jpeg in the blockchain
What do byou think?
Bitcoin was built to be censorship resistant to any jurisdiction or a person or any government and that was in part of Satoshi's vision to build any form of JPEG spam on the blockchain but as an open source for development where it is needed. If not for NFTs that brought this crazy disaster, no one in the Bitcoin community would have accepted this idea but it is making money for miners who control the security, they will call it development which I see as nothing because if JPEG couldn't survive in any other chains, what is that special thing will they offer here than spamming the mempool. To say that NFTs are not even trending much like before in alternative chains says how quickly this will die but let them continue to burn their money for transactions, everything will soon unfold and clear.
I believe if all mempool chose to ban any inscribed transactions, half of our problems with transactions will be solved but I think many are focused on the upcoming halving and what new price bitcoin will bring to the market. Perhaps they will raise a motion to remove it after the halving or after the bull run to stop these fanzines of JPEG
censorship resistant is very important on the bitcoin blockchain so "censoring" ordinals goes against this fundamental created by Satoshi.
personally i dont get the whole ordinals thing, same for the NFT craze which imo seems to have petered out. i think in time the ordinals thing will run its course and some people will have done quite =well out of the craze while others manty will be left with a bunch of silly JPEGs
so i say leave things as they are - they are actually part of the bitcoin blockchain and hopefully they will be a thing of the past - - - - soon
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miners and BRC 20 enthusiasts should control their greed. You can only have milk to sell if the cow is still alive. Ordinals are impressive but not on the Bitcoin blockchain. Freedom is a fancy word for chaos.order requires principles and laws that should be followed. I don't support this misuse of freedom.
How are we going to cope after the ETF approval or Bitcoin halving. Trx fee wouldn't be funny to be honest. I smell a new record this year.
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personally i dont get the whole ordinals thing, same for the NFT craze which imo seems to have petered out. i think in time the ordinals thing will run its course and some people will have done quite =well out of the craze while others manty will be left with a bunch of silly JPEGs
I still believe sooner or later there will be a new layer 2 project that aims to tackle this thing, which if it becomes successful the pressure on the main chain will decrease. I don't know what it takes for their community to create them though, I don't think they are happy paying $100 to print some random NFT on the Bitcoin network, as lucrative as it might sound. Heck, I've seen many altcoin projects saying they will use the Bitcoin network to strengthen their chain by publishing their network hash on the Bitcoin network for every 1k blocks or so, though it seems they failed to garner any market attention. CMIIW.
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On the other hand , freedom is important.
they are the future. Look for L2 solutions
I would choose something like this because I am sure that one day there will be L2 for Bitcoin because of the anticipation of Ordinal which is up to 500 sat/vbytes for each transaction.
I am not an expert in coin development but I see that Bitcoin L2 is really needed for development that is more concise, faster, simpler and cheaper for each transaction. This is my choice mate.
Just look at Ethereum L2 from Arbitrum, Optimism, zkEVM, all of which are very cheap to do and are the main choice for investors to continue choosing Ethereum with minimal transaction costs.
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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.
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?
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I wish BRC token can be gotten rid of from bitcoin blockchain but I don't know how possible is that
Luke proposed the addition of a spam filtration feature. Now, the question here is if the miners would approve such a proposal or not. They are likely to vote against that since they are making a lot of profit. For all we know, a big miner could be working with some brc-20 token developers to continue the attack.
It would be a shame if regular users had no choice but to switch to LN or other L2 solutions to transfer native BTC but it's the majority that wins.
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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.
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.
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Luke proposed the addition of a spam filtration feature. Now, the question here is if the miners would approve such a proposal or not. They are likely to vote against that since they are making a lot of profit. For all we know, a big miner could be working with some brc-20 token developers to continue the attack.
There may be those who agree and there may also be those who disagree, this depends on how the poll is conducted and which votes the most from the community.
This is tricky because Ordinal is a new ecosystem and provides many advantages for Bitcoin miners and developers who are now focusing on BRC-20.
When the cooperation contract has been obtained and approved, inevitably everything must be executed, BRC-20 increasingly has large transactions so that the Bitcoin network is always jammed with the adverse effects of very expensive fees and long confirmations.
It would be a shame if regular users had no choice but to switch to LN or other L2 solutions to transfer native BTC but it's the majority that wins.
Regarding the solution using LN which is the only Layer 2 Bitcoin, many are also opposed because LN is considered not Bitcoin and the original Bitcoin only exists on the Bitcoin network.
LN is also still in the development phase and one of LN's developers, Antoine Riard, withdrew from developing the Lightning Network due to security concerns and fundamental challenges to the Bitcoin ecosystem.
https://cointelegraph.com/news/bitcoin-core-developer-antoine-riard-steps-back-lightning-network-dilemma
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On the other hand , freedom is important.
Personally, I would say that bitcoin transactions are more important than storing jpeg in the blockchain
What do byou think?
It creates a major disruption and many merchants have stopped using Bitcoin I have a hard time funding my Namecheap account of Bitcoin, for $10 funding I have to pay $7 or even higher so I have to resort to using PayPal.
You cannot expect traders and developers to continue using Bitcoin in their platform with this kind of fee, which is why many of them are making a big switch to altcoins.
these are all the side effects of Ordinals we all know. but what do you think should happen with Ordinal.? what do you think would be the best solution of this matter? it would be good to know opinion of more people like yours who regularly use bitcoin for buying and selling things. like you used to buy domains or hosting from namecheap.
my opinion about them was that they should move to layer2 solution because they are somewhat beneficial for a lot of people. lots of people making good money from ordinals.
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Of course, we all encourage personal freedom, but within certain limits. When personal freedom negatively affects a large segment of society, it must be stopped.
So yes, it is absolutely true that “Bitcoin transactions are more important than storing a jpeg in the blockchain” or so called ordinals. Bitcoin in its concept was created as a peer-to-peer payment system and these ordinals disrupt the basic function of Bitcoin.
But banning it will not solve the problem because there are those who benefit from it and the high network fees, so let us leave it for some time until it eliminates itself in the near future.
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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.
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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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.
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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.
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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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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.