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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 1289 times)

Offline darkV0rt3x

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Re: What do you think should happen to ordinals?
« Reply #15 on: January 02, 2024, 02:44:05 PM »
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!
Bitcoin is energy and sovereignty.
I rather to die o my feet than to live on my knees

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Re: What do you think should happen to ordinals?
« Reply #15 on: January 02, 2024, 02:44:05 PM »

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Re: What do you think should happen to ordinals?
« Reply #16 on: January 02, 2024, 03:06:48 PM »
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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Re: What do you think should happen to ordinals?
« Reply #17 on: January 02, 2024, 03:22:57 PM »
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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Offline robelneo

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Re: What do you think should happen to ordinals?
« Reply #18 on: January 02, 2024, 04:03:10 PM »


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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Re: What do you think should happen to ordinals?
« Reply #19 on: January 02, 2024, 05:50:48 PM »

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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Re: What do you think should happen to ordinals?
« Reply #20 on: January 02, 2024, 06:57:12 PM »
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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Re: What do you think should happen to ordinals?
« Reply #21 on: January 02, 2024, 07:33:32 PM »
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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Re: What do you think should happen to ordinals?
« Reply #21 on: January 02, 2024, 07:33:32 PM »


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Re: What do you think should happen to ordinals?
« Reply #22 on: January 03, 2024, 07:09:36 AM »
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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Re: What do you think should happen to ordinals?
« Reply #23 on: January 03, 2024, 10:15:31 AM »
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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Re: What do you think should happen to ordinals?
« Reply #24 on: January 03, 2024, 12:47:03 PM »
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?
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Re: What do you think should happen to ordinals?
« Reply #25 on: January 03, 2024, 01:36:43 PM »
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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Re: What do you think should happen to ordinals?
« Reply #26 on: January 03, 2024, 04:00:33 PM »
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.
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Re: What do you think should happen to ordinals?
« Reply #27 on: January 03, 2024, 04:05:20 PM »
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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Re: What do you think should happen to ordinals?
« Reply #28 on: January 03, 2024, 04:20:55 PM »


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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Re: What do you think should happen to ordinals?
« Reply #29 on: January 06, 2024, 10:29:51 AM »
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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