Damus
Guy Swann profile picture
Guy Swann
@TheGuySwann
Ordinals and inscriptions aren’t using bitcoin the money. They are merely using #Bitcoin  *nodes* to store their garbage, and the bitcoin *name* to sell it to people.

It makes perfect, and necessary,
logic to build, optimize, and restrict the #Bitcoin  system to only allow and facilitate the bitcoin *money.*

This isn’t a contradiction, it isn’t censorship, it’s necessary to defining what the protocol even does.

Any other arguments you want to have about the difficulty, feasibility, or foolishness of making or trying to reverse changes or certain data that is already included are valid. But the above point is true no matter what side you take.
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Fiat Shenanigans 🤡🌎 · 114w
Agreed! nostr:nevent1qqs2lu34r6rqpanwpzfpu9ddz40dt68yklf42tvp2jdvufczqe2055spz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqrgxfq9scm3mu0y6rfja0e4uyzgjyl24hax80m4kqda6wamvxq8vqvzqqqqqqyd293al
QW · 114w
You have always had exceptionally rational takes on this ridiculous trend. I commend you ser! 🫡
ภ๏รtг๏ภคยt · 114w
Why does bitcoin only have to be money? Isn't everyone free to use bitcoin however they want?
Ronin · 114w
Agreed. Bitcoin should be optimized to be money. If there is a way to remove or disencorage data on bitcoin it should be done.
BOOK IT · 114w
So I brought this up with bitcoin and... podcast. If you as a node decide to censor certain transactions, can you truly say your node can verify everything? On the miner side I can say thats up to the pools ideals and consensus. But on the node side, if you are a full node you cant censor shit cause...
B.O.P · 114w
I agree that we need to protect the main use case of Bitcoin as money, but changes to the protocol in order to do this need to be taken very seriously and we need to think if it’s long term needed at all. The majority of people that are using Bitcoin for data storage are trying to resell what the...
₿harat · 114w
💯
dr.fred · 114w
it is not p2p money not private nothing to do with satoshi nakamoto
Viktor Vsk · 114w
I never believed in saying “if a person is genius in one, he is a genius in everything” But getting older I start believing in “if a person is load and stupid in one, he is stupid in everything”
Nice and Kind Vic · 114w
Lets get rid of OP_RETURN and merged mining while we're at it
crany 👽🧡🗿 · 114w
Yes, Bitcoin has the best financial store and payment use cases (payment with Lightning Network). And there are other blockchains so much better for digital art.
J. · 114w
For those 1 sat transactions, what if only transactions are valid if the value of the transaction is higher then the transaction fee? Maybe gets rid of a lot of crap?
sommerfeld · 114w
I'm suprised you of all people have this take. I have heard your voice countless times in my hears laying out why the only sensible use of a blockchain is money, i.e. people only have one worthy use for a decentralized inefficient database. Blockspace is blockspace. Money just happens to be the onl...
Paul · 114w
I know everyone was praising taproot, but the question I have not being super technical and only seeing the unintended consequences of ordinals is did it actually make bitcoin better money? I’m seeing the ordinal downside without the upside.
Laser · 114w
100%
jimbocoin 🃏 · 114w
From the perspective of a money-only user of Bitcoin, ordinal transactions are inefficient in space. They use more block space than strictly necessary. From the perspective of a single-sig user, multisig transactions are likewise inefficient in space. Additional programmability takes block space (a...
overmind · 114w
"let's fix global money then congest the network with memes"
freedom dev 𓅦 · 114w
I agree. Also consider that decoupling the components that make up the whole system might be the only way towards scaling things up on the long run. It doesn't need to be a perfect system, it only needs to be anti-fragile.