Damus
Guy Swann · 134w
You have vastly over estimated the power of ordinals. They are a nuisance at absolute worst. It isn’t remotely an existential threat. Every proposed “solution” I’ve seen so far is much more of...
Chris Monetary Maximalist Eleutheropraxeology profile picture
Guy apparently you have not understood the topic. When you write “ordinals” and confuse it with “inscriptions”, then you are showing the need of move brainstorming on the issue.

“Ordinals” is, indeed, not a threat at all for the Bitcoin System; that is just an arbitrary numeration FIFO for issued UXTOs via coinbase transactions.

“Inscriptions” are insertion of arbitrary bits in the witness structure and consume storage. The thread is slowly (so slowly that a frog will not notice; maybe not even when it is too late). The thread is incrementing the operational and equipment cost for non-mining nodes. You can clearly imagine what could happen when the number of non-mining nodes around the globe is reduced. Can you imagine that, right?

I’m interested to know, which “solution” have you heard about and what are the chance/risk or benefit/cost you have assigned to those proposals.
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RealJohnDoe · 134w
Well said..👏👍🙂
RealJohnDoe · 134w
Further, #ordinals #artificially increase #transaction #fees and are a form of theft, fraud and larceny. Not only are they a threat to #Bitcoin. But they have actually caused millions in damages to #Bitcoin owners..⚖️👮‍♂️🗽
Guy Swann · 134w
Yes I used “ordinals” but meant inscriptions. People use them interchangeably so often on the bird app that it got stuck. And yes I’m perfectly aware of the cost to nodes, it’s not as if this wasn’t hotly debated for half a decade during the blocksize war. It increases the UTXO set arbitr...
BITpartner.cz · 134w
Dude. Computers are faster than ever Meanwhile, SSD storage price dropped 50% just few months ago, as it does every 2 years lately... 1TB is enough to run full node for fow more years and costs 50$,full pc capable to run the node is maybe 150-200 USD? When you consider the USD is losing value and P...