Author

Topic: Are you for or against ordinals? (Read 660 times)

legendary
Activity: 2030
Merit: 1569
CLEAN non GPL infringing code made in Rust lang
November 07, 2023, 08:25:39 AM
#43
Ordinals just showed the way how to abuse Bitcoin, others found out and built a business around spamming Bitcoin with trash for some cash, especially companies that newer were Bitcoiners in the first place and don't care or actually prefer that Bitcoin goes down to favor their own altcoins/nfts...
Remember that while common folk can't use Bitcoin for what it was invented for, others push trash for cheap since the protocol allows it. This whole year devs looked the other way, like it was nothing. Exploit clearly demonstrated, nothing was done about it, and here we have it again, it never went away.
A pool that uses its resources for dubious "trading" activities, is more than willing to spam Bitcoin for some liquidity that lets them play more casino...
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
October 26, 2023, 07:58:17 AM
#42
Enhance the security and decentralization of the Bitcoin network, as more users will be incentivized to run full nodes and validate transactions.

You'll have to walk me through the rationale on that one.  If anything, will create less incentive to do that.  I doubt many of the people who are using websites to upload this stuff are bothering to secure the network with a node of their own.
newbie
Activity: 1
Merit: 1
October 26, 2023, 07:09:43 AM
#41
Ordinals are good for the Bitcoin future because they can:

Increase the demand and value of satoshis, as each sat can become a unique and scarce asset.

Enhance the security and decentralization of the Bitcoin network, as more users will be incentivized to run full nodes and validate transactions.

Showcase the versatility and innovation of the Bitcoin protocol, as ordinals can enable new use cases and applications that were not possible before.

Attract more users and developers to the Bitcoin ecosystem, as ordinals can make Bitcoin more engaging and fun.


Ordinals are a new feature in the Bitcoin protocol that aims to make it more engaging and fun for users. They are not an attack on Bitcoin’s fungibility, but rather a way to celebrate its diversity and creativity. Ordinals are a testament to the power and potential of Bitcoin as a global platform for digital expression.
legendary
Activity: 4410
Merit: 4766
March 25, 2023, 08:37:21 PM
#40
bitcoin does have a way to create a proof of reference and proof of transfer to create NFT.. but ordinals does not use it
You can't create tokens using bitcoin scripts; period. Although I'm curious what you think is the way to create one using the protocol.

lets just say it can be done one of two ways

tip: there is a hint in what i have said. ill let you try and work it out

its not about push data's or opreturns or bloat in witness. ill let you work out where the reference would go and can be proven in transfers
hero member
Activity: 504
Merit: 1065
Crypto Swap Exchange
March 25, 2023, 04:32:38 AM
#39
Lots of ordinals threads/discussions here lately. It's time to find out which % of Bitcointalk users support ordinals and how many think they should be stopped.

I am personally against it. I'm still convinced that the only people who really benefit from this Ordinals mess are the managers of the big mining pools which are collecting the fees.
The fees have exploded, it's gotten worse than 2018 some days.

However I think being for or against Ordinals doesn't make much sense. They use the blockchain, and we all as Bitcoiners have enjoyed the decentralization and freedom that Bitcoin and its blockchain brings. So it's pretty hard to assume that she should "ban" Ordinals, it's just not feasible.

The problem for me, in addition to the very high transaction fees, is the size of the blocks. In the medium and long term, this will cause real hardware problems for the management of full nodes. For example, at the very beginning of Ordinals, some blocks were too heavy to be displayed and detailed by my full node.

There are still more useful things to do with the BTC blockchain than Ordinals, and I think it's a shame to clutter it up with this, the mempool is overflowing and congestion is almost continuous now. We'll see what happens in the long run.
legendary
Activity: 3472
Merit: 10611
March 25, 2023, 01:16:33 AM
#38
So far when we talk about the Ordinals Attack we've covered the effects of this attack on the mempool size, blockchain bloat, high fees and the fact that they are using bitcoin ledger as a cloud storage. Another damage that I've not seen anybody mention is the increased burden this attack puts on full nodes when loading UTXO set to verify blocks/transactions.

Usually these spam transactions are using small value outputs that are a little higher than the dust threshold. As the scammers join in and start spamming the chain, they would want to decrease their cost hence they would decrease that amount as much as they can. Not to mention that as these outputs are spent they go down in value too (fee deduction). In the end the fools who "buy" these bitcoins would want to hold them hoping they can find another fool to sell them to.
After a while the UTXO database that nodes need to load up whenever they want to verify transactions, is going to be bloated with a lot of these unspent outputs. That would make running a full node harder as time passes and the bloat grows.



This chart shows the number of UTXOs and their total size. Seeing a rise in this chart is not abnormal, it is being affected by the adoption (eg. the recent price rise) and other factors. However the slope of this chart in the past month is higher than it usually is at similar times which shows the effects of this attack.
We still need more data to make a solid conclusion which could be acquired in a couple of months or when more scammers start participating in this attack.
legendary
Activity: 4410
Merit: 4766
March 20, 2023, 01:29:40 PM
#37
"they"?
CORE (center of the network)
THEY chose the name on purpose THEY admit THEY are the reference client all should follow

THEY coded the new opcodes that allowed the bloat exploit
dont go trying to blame it on random users. THEY also didnt require random users to upgrade before THEIR exploit upgrade

YOU dont want the network of random users to prevent core from throwing in trojan exploits.. when there is a bug. you want the bug to remain because it harms most users utility to help aid your scheme of pushing people away from using bitcoin

as you say you want CORE to have the freedom and not the users

what you love is core having GOD-MODE because you idolise core devs as gods.. much like the cultish other schemes your promote and make your buddies recite

if another dev team came up and tried to do things against CORES roadmap you would treat another dev team as opposition/threat.
so where would this other teams freedoms be.. oh wait all of a sudden you will stop spouting freedom and start spouting conservatism and your other rhetoric to defend core devs.. rather than caring about the actual utility of a decentralised network
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
March 20, 2023, 10:06:13 AM
#36
dumbass sorry i mean doomad you think people need to be in charge.

I said "if franky1 was in charge", you illiterate twunt.  No one is in charge.  That's the whole point.  You keep telling people what you think they supposedly can't do, yet they keep doing it anyway.  You can't stop them.  Freedom prevails.


//EDIT:

"they"?
CORE (center of the network)

ANY dev
ANY user
ANYONE.

You can't tell anyone what to do, you ego-maniacal totalitarian fuck.  Your first instinct, the moment someone does something you don't personally approve of, every time, without fail, is to tell them they can't do it.  Except, the situation we find ourselves in appears to indicate they can, if fact, do things you don't personally approve of.

*franky1 says Devs shouldn't be allowed to code softforks*
*devs continue to code softforks*
*franky1 suggests something totalitarian to make them stop*
*no one listens*

*franky1 says Devs shouldn't be allowed to work on Lightning Network clients*
*devs continue to work on Lightning Network clients*
*franky1 suggests something totalitarian to make them stop*
*no one listens*

*franky1 says users shouldn't be allowed to spam the blockchain*
*users continue to spam the blockchain*
*franky1 suggests something totalitarian to make them stop*
*no one listens*

Are you noticing a pattern yet?  It's as though you wake up every morning and demand that reality gives you a fresh hard slap in the face because you're too fucking stupid to remember the one it gave you yesterday.     
legendary
Activity: 4410
Merit: 4766
March 20, 2023, 09:36:54 AM
#35
dumbass sorry i mean doomad you think people need to be in charge. you cant understand a concept that does not require people being in charge. you pretend in some narratives that things are decentralised yet you adore core centralised control, where you think the only option for people to not follow core is to use a different network if they want differing rules to cores roadmap.. you hate any one with an opinion that differs from the core roadmap
anyone that even tries to propose things that are not part of cores plan you treat as a threat/opponent/opposition..
you love censorship, heck you love getting posts deleted, people banned from certain area's and you try to shut people up if they say anything different to your idealised roadmap cult


you are too recited speech heavy with your narratives.. so much so that you forget what a real opinion sounds like

oh and as for mixers. knowing that just using a mixer flags users funds as risk potential. no i would not promote mixers and never have.. they are stupid. there are other means to obfuscate identity linkages without having to use such obvious techniques that cause such obvious tagging of being watched more closely for something thats promoted to pretend to hide you.

yep using a mixer gets you highlighted more.. not hidden more

funny part is
in all the topics there are alot of people talking about not liking ordinals
but you are franky obsessed.

so lets make this clear

no i do not want to join your cult
no i dont want to marry you
no i dont want you to kiss my ass
no i wont kiss your ass

i know you dont understand consent. but you are also a stalker who thinks the world is core vs franky

sorry i wont be your mistress. so stop being obsessed to think your only choice of mistresses is core incest family or franky

i know maybe there is a bit of love lost where some of your family are moving away from your charade and your upset that they are not following your orders as much as they used to. but dont blame me. blame yourself for not having the facts
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
March 20, 2023, 07:50:27 AM
#34
scammers like doomad that love people being conned and stuck with dirty money or abused by middle men are the only types of people that want to keep those schemes alive

they dont want their scams and schemes and alt networks stopped/unused/prevented/avoided censored because they get paid to advertise these scammy schemes of broken promises and they rip people off when victims use their schemes

scammers dont care about a system that does not need trust. they want people to trust other people so that scammers can break that trust.

yep bitcoin p2p doesnt need middlemen but scammers like doomad want people to use certain scammy markets, dark services and altnets with middlemen commissions

they have no idea what bitcoins purpose was, they just care about getting people to hand over funds and not get it back, and they really hate it when their snake oil sales pitches get ruined..

but the only way they can push people into these scams. is by them trying to ruin bitcoin first to then offer the alternative

doomad wants people to use fiat to buy btc to then hand over btc to some scheme where people think they are hoarding/owning a meme. just to find out later they own/hoard/possess nothing..


If franky1 was in charge, there would be no mixers.  He doesn't like you having that choice, so he would take it away from you if he could.  He is a fascist.  He believes all freedom must be stripped away.  Be thankful he is not in charge.  He does not have your best interests at heart. 
legendary
Activity: 4410
Merit: 4766
March 20, 2023, 05:07:29 AM
#33
scammers like doomad that love people being conned and stuck with dirty money or abused by middle men are the only types of people that want to keep those schemes alive

they dont want their scams and schemes and alt networks stopped/unused/prevented/avoided censored because they get paid to advertise these scammy schemes of broken promises and they rip people off when victims use their schemes

scammers dont care about a system that does not need trust. they want people to trust other people so that scammers can break that trust.

yep bitcoin p2p doesnt need middlemen but scammers like doomad want people to use certain scammy markets, dark services and altnets with middlemen commissions

they have no idea what bitcoins purpose was, they just care about getting people to hand over funds and not get it back, and they really hate it when their snake oil sales pitches get ruined..

but the only way they can push people into these scams. is by them trying to ruin bitcoin first to then offer the alternative

doomad wants people to use fiat to buy btc to then hand over btc to some scheme where people think they are hoarding/owning a meme. just to find out later they own/hoard/possess nothing..
legendary
Activity: 3822
Merit: 2703
Evil beware: We have waffles!
March 19, 2023, 03:40:13 PM
#32
Against them for the simple reason that because of their size, they push normal tx's farther back in line. Their 1 good point is that quite often ordinals have some hefty fees attached to them.
sr. member
Activity: 728
Merit: 388
Vave.com - Crypto Casino
March 19, 2023, 03:33:26 PM
#31
I hate ordinals just as many Bitcoin fanboys out there but this can attracts load of money in the next bull season, since we are here to make money, I doubt I am the only one who wants to make money, ordinals might work the risk, I don't want to end up losing the opportunity, crypto money only follows hype in a bull season, the same thing happened with meme coins, we don't like meme coins because they are shit coins, yet they turn many into millionaires, thanks to the same hype we talking about. The newest thing happening in the crypto space now is Ordinals and Artificial intelligence.
legendary
Activity: 2030
Merit: 1569
CLEAN non GPL infringing code made in Rust lang
March 19, 2023, 01:56:17 PM
#30
Ordinals is not the only spammer, there have been at least two more publicly jumping in; so its best to ask about spam for or against. Do you like spam in your email? Same thing.
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
March 19, 2023, 11:55:00 AM
#29
jr. member
Activity: 32
Merit: 77
March 19, 2023, 11:16:50 AM
#28
Quote
You can't create tokens using bitcoin scripts; period.
Why not? You can do that on testnet, it is quite easy:
1. Create zero satoshi output with any spending conditions you want.
2. Move it with SIGHASH_SINGLE|SIGHASH_ANYONECANPAY.
3. Whoever owns that output, owns your token.
4. To move this token forward, you use other coins to provide fees.
Because there are no limits on UTXO set size, any number of such UTXOs can be created on testnet. Fortunately, on mainnet there are dust limits to prevent that, but from consensus point of view, there are no hard limits to the number of UTXOs.
legendary
Activity: 3472
Merit: 10611
March 19, 2023, 10:58:08 AM
#27
bitcoin does have a way to create a proof of reference and proof of transfer to create NFT.. but ordinals does not use it
You can't create tokens using bitcoin scripts; period. Although I'm curious what you think is the way to create one using the protocol.
legendary
Activity: 4410
Merit: 4766
March 19, 2023, 12:51:40 AM
#26
and the NFT-digital-art concept as a whole
One of the problems with the arguments surrounding this topic is that most people haven't yet realized that there is no tokens here. Bitcoin script language and smart contracts don't even have that capability to create a token (NFT or otherwise).
bitcoin does have a way to create a proof of reference and proof of transfer to create NFT.. but ordinals does not use it

And yet people keep calling the Ordinals Attack an NFT!
yep ordinals are not NFT as they lack the features needed for transferable tokens

so lets just carbon copy over every dogecoin tx into the witness of bitcoin "coz some want it"
You know you can't forbid someone from doing it if he's willing to pay the millions. Unless of course you start dictating what's not eligible according to your moral standards, and turn Bitcoin in a censorship nightmare-- which fortunately are incapable of doing, because all you know is just whining.

you sound like your forum-husband(doomad) today.. try to word things in your own words not his, try to put some thought into what you want to say..  .. your being too obvious that you are not thinking for yourself today...
you seem to lack the aspects of free thought to realise real world facts like what code can do. and the purpose of code

yes you can forbid things.. bitcoin is code and code creates rules.. thats what code does. so yes it can be done. by many many methods..

again for emphasis:  bitcoin is code and it has rules thats the whole purpose of code..
let me guess you believe we should not forbid a mining pool for wanting to create a coin reward of 50000 coins tomorrow..
or lets not forbid dogecoiners from sliding their transactions into witness like a carbon copy where they use bitcoins blockchain as their blockchain for storing their tx data..

oh wait bitcoin already forbids those things.. WAKE UP

you wanting to break the rules and have no rules is methods to break bitcoin
stop dreaming about breaking bitcoin to promote alt networks you prefer. realise true bitcoiners care about bitcoin unlike you and your forum husband

i think its time you divorce your forum-husband, or just let one of you speak. at the moment all i hear from you is your forum-husbands echos of his scripts and speeches and its just making you look dumb by reciting them without thinking

if you two are not married. what does have have over you that makes you a compliant sheep to his words.. it must be big.
legendary
Activity: 3472
Merit: 10611
March 19, 2023, 12:27:12 AM
#25
and the NFT-digital-art concept as a whole
One of the problems with the arguments surrounding this topic is that most people haven't yet realized that there is no tokens here. Bitcoin script language and smart contracts don't even have that capability to create a token (NFT or otherwise). And yet people keep calling the Ordinals Attack an NFT!
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
March 18, 2023, 08:11:37 AM
#24
so lets just carbon copy over every dogecoin tx into the witness of bitcoin "coz some want it"
You know you can't forbid someone from doing it if he's willing to pay the millions. Unless of course you start dictating what's not eligible according to your moral standards, and turn Bitcoin in a censorship nightmare-- which fortunately are incapable of doing, because all you know is just whining.

So why try to impose a centralized restriction upon something else?
People don't like paying more in fees. So they want to lower the total transactions, and projecting Ordinals as a stupid concept is one way.
legendary
Activity: 3248
Merit: 1402
Join the world-leading crypto sportsbook NOW!
March 18, 2023, 07:08:51 AM
#23
It seems that ordinals are just a new shiny thing, similar to NFTs back when they appeared. I don't oppose such things, I believe that it's good that some are experimenting with Blockchain use cases and ways of capitalizing on new markets, but I'm not interested in them either. Can something like this really be stopped? One can simply decide not to participate, sure, but that's not the same as stopping ordinals. Also, isn't Bitcoin founded on the idea of financial freedom? So why try to impose a centralized restriction upon something else? People should be free to experiment and choose what to put their money in, and it's not some sort of obvious scam like a Ponzi to try imposing any bans.
legendary
Activity: 4410
Merit: 4766
March 18, 2023, 05:26:03 AM
#22
using the guy above's mindeset
so lets just carbon copy over every dogecoin tx into the witness of bitcoin "coz some want it"
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
March 18, 2023, 04:34:30 AM
#21
Yeah, guys, please be more active!
I deliberately didn't vote, because the answers are traps. So I either don't have an opinion on that matter or love / hate the entire thing? Nope. I'm completely in favor of my opinion, that is to say they do have a place in Bitcoin if some demand it. The fact that I find Ordinals incredibly meaningless-- and the NFT-digital-art concept as a whole-- doesn't mean I don't consider it bad for Bitcoin.
legendary
Activity: 2422
Merit: 1191
Privacy Servers. Since 2009.
March 18, 2023, 04:09:41 AM
#20
P.S. 190+ views and only 14 votes!

Yeah, guys, please be more active! Please spend a second of your time to participate. 190 votes that would be cool, we'd be able to get a fuller picture. Hoping to see more action during the weekend!  Cool
legendary
Activity: 3472
Merit: 10611
March 17, 2023, 11:18:15 PM
#19
I'm fine with NFTs on Bitcoin.
What you are forgetting is that since bitcoin is not a token creation platform, it is impossible to create tokens including NFTs on Bitcoin! What we are seeing here also has nothing to do with NFTs even if the attackers introduced it as that. They are literary using OP_PUSH to push data to the blockchain. There is no smart contracts, or tokens here.

P.S. 190+ views and only 14 votes!
hero member
Activity: 2240
Merit: 848
March 14, 2023, 11:21:11 AM
#18
Quote
I did it on purpose to make it an easy yes/no type of question.
What if someone's answer is "yes for the concept, but no for the current implementation"? If ordinals would look the same as other transactions, I would have nothing against them.

For me, the bad thing is the technical way of how it is done, not the concept itself. In the same way, someone can support LN, but it doesn't mean that every transaction should happen inside LN, because then, it would require opening and closing the channel every time, so there would be two times more on-chain transactions than needed.

The same with sidechains: someone can support them, but it doesn't mean that all sidechain transactions should happen on-chain.


Basically this.
I'm fine with NFTs on Bitcoin. I think the use of NFTs for crappy randomly generated images is pretty stupid. If it was like an actual art scene that would be a bit more interesting, but its just companies/people putting out collections of generated stupid images and the fad driven NFT crowd being gullible enough to pay real money for it. There are MUCH more interesting uses for non-fungible technology but it seems the whole market has adopted the "NFTs are images" idea which is lame. But as for them being on Bitcoin that's perfectly fine it is just another use case for Bitcoin. BUT the problem of course is that they just spam the blockchain. This is not what Bitcoin is for and it crowds out the main reason for Bitcoin's existence, which is to be money and allow currency transactions.

If NFTs only took up as much space as a normal transaction that would be fine, or better yet if they were done on a side chain where all the extra NFT data was stored on the side chain that'd be perfect. I could care less about NFTs on Bitcoin, but spamming and filling up the blocks with stupid image data is terrible for Bitcoin and the Bitcoin community and its viability in the future.
legendary
Activity: 4410
Merit: 4766
March 14, 2023, 04:56:21 AM
#17
^ nope
solution to having a bitcoin NFT system of file hashes is much simpler then that..
again it does not use taproot or op return

your last paragraph shows good thinking outside of the box but your not quite there yet
copper member
Activity: 821
Merit: 1992
March 14, 2023, 04:27:02 AM
#16
Quote
block data does not designate which the opreturn/meme goes to.. is it A or B?
Simple, it can be selected inside OP_RETURN, as a part of the protocol, also because there are no size limits, because it will be never pushed on-chain. It is just a way to choose any data, and link it to some bc1p address, with a proof that it is linked, so it cannot be modified by any third party. And then, all rules are controlled by separate network that will store those commitments. Of course, you can put only your image and nothing else, but then it is your fault that you didn't specify the destination in your commitment. And if you use a protocol that didn't specify it, then blame the protocol designers, that they didn't prepare some OP_RETURN format that will track ownership correctly.

Also note that when you reveal your OP_RETURN commitment, then you also reveal some public key first, that has to be tweaked by TapScript, to match your bc1p address. So, you can easily use that public key to control ownership, or even execute it recursively in your network, if you really need that.

Another thing is if you want to make commitments, then you don't need any Taproot addresses at all, because it was always possible, even with P2PK outputs. Every time you spend your coins, you have to attach some signature. It has R-value (that has to be a valid point on secp256k1), and s-value. So, if you want to create new commitment for any output that uses OP_CHECKSIG, you can get this R-value, convert it into Taproot address, and then check if your commitment matches that R-value. To do that, you can first produce a normal signature without ordinals, by using any wallet, then use that R-value as a Taproot key to be tweaked, then add some TapScript, and publish a signature using modified R-value instead.
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
March 14, 2023, 02:40:37 AM
#15
There was a time that Omni layer for USDT was a common transaction on on bitcoin blockchain, no one thought it is not ideal. That one is still not actually bitcoin transfer on bitcoin blockchain, but altcoin transfer on bitcoin blockchain.

Omni was a sidechain that relied on its own secret ledger kept by Tether in addition to Bitcoin's decentralized and open ledger, in order for them to be able to centrally control Tether via minting and blacklisting.

Ordinals are just a hack of Taproot spending path capabilities, so it's not like there is any layer involved in here. Same goes for Ethereum NFTs.
legendary
Activity: 4410
Merit: 4766
March 14, 2023, 01:32:22 AM
#14

Quote
And they should really use OP_RETURN, not a Taproot hack.
Even better: they could use OP_RETURN inside TapScript (and then stop worrying about any size limits, except those enforced by separate network for ordinals). Then, the owner of a particular Taproot address can always reveal TapScript in some ordinals network, while it will be guaranteed that this TapScript will never be pushed on-chain. And then, other TapScript branches or spend-by-key can be used to move those ordinals.

op_return is another 'dead weight store' but not a proof of transfer

because
bc1qcreator 0.001 ->  opreturn hash
                                 bc1qreceiverA 0.0005
                                 bc1qreceiverB 0.0005

bc1pcreator 0.001 ->  bc1preceiverA 0.0005
                                 bc1preceiverB 0.0005
                                 witness dead weight meme

block data does not designate which the opreturn/meme goes to.. is it A or B?
....
however bitcoin does have another way to store a  'file hash' and spend it in a provable way. that links it to a destined receiver in blockchain data

thus not needing to use opreturn nor witness weight to store whole files. and instead have a tx with average tx size that can prove a 'file hash' and prove its transfer/ownership
copper member
Activity: 821
Merit: 1992
March 14, 2023, 01:21:21 AM
#13
Fears about securely buying domains with Bitcoins are a red herring.  It's easy to trade Bitcoins for other non-repudiable commodities.

If you're still worried about it, it's cryptographically possible to make a risk free trade.  The two parties would set up transactions on both sides such that when they both sign the transactions, the second signer's signature triggers the release of both.  The second signer can't release one without releasing the other.
However, he also wrote that putting full data related to other assets is not a good idea:
Piling every proof-of-work quorum system in the world into one dataset doesn't scale.

Bitcoin and BitDNS can be used separately.  Users shouldn't have to download all of both to use one or the other.  BitDNS users may not want to download everything the next several unrelated networks decide to pile in either.

The networks need to have separate fates.  BitDNS users might be completely liberal about adding any large data features since relatively few domain registrars are needed, while Bitcoin users might get increasingly tyrannical about limiting the size of the chain so it's easy for lots of users and small devices.
That means he approved BitDNS, but not by putting all of those domains' details into Bitcoin transactions. And this is the problem with ordinals: the concept may be acceptable, but not the way how it is done.

Quote
And they should really use OP_RETURN, not a Taproot hack.
Even better: they could use OP_RETURN inside TapScript (and then stop worrying about any size limits, except those enforced by separate network for ordinals). Then, the owner of a particular Taproot address can always reveal TapScript in some ordinals network, while it will be guaranteed that this TapScript will never be pushed on-chain. And then, other TapScript branches or spend-by-key can be used to move those ordinals.
newbie
Activity: 11
Merit: 7
March 13, 2023, 11:02:07 PM
#12
Well there have been significant improvement to transaction propagation and output selection in the core software (that were made since 2017) that will likely be mitigating against these attacks in real time. I personally do not think that this niche tech-art is going to threaten the current state of the network especially since it is highly ineffecient, is likely a zero sum profit game, requires centralized systems to operate, and seems to carry little to no social weight amongst organic bitcoin users.

Things like this are kind-of annoying but I think the network has succeeded in preventing these types of nuisances from becoming a major issue.

In some sense it is worth considering only how do we promote the most efficient network possible, banning something that just uses the current state of the software is literally impossible. We need to incentivize healthy usage, and for the most part we do. In fact if it weren't a well-off mining pool making all these huge transactions they would almost certainly not occur since they are unprofitable. (if something like this were to be sold at a profit I would almost certainly consider it a scam) Never sell 2 bitcoins for 1 bitcoin trust me haha.
legendary
Activity: 3472
Merit: 10611
March 13, 2023, 10:40:10 PM
#11
I'm interested to see what the result of this vote is going to be although I think it may have been too soon to ask this question since most users don't know what Ordinals is yet and more importantly they haven't yet faced the consequences of this attack.

When looking at the fee chart history we can clearly see that despite seeing very high fees like 50+ sat/vbyte, fee rates regularly drop back down to <5 sat/vbyte which means the effects haven't yet been severe.
Let the attack get worse and let the tech support board get filled with topics with the title "why is my tx stuck" like 2017 and then we'll see what people truly think about this attack Tongue
legendary
Activity: 4410
Merit: 4766
March 13, 2023, 03:26:28 PM
#10
1) the ordinals concept generally is not that bad and has even some positive aspects,

positives?

ordinals v1.0  (the sat rarity)
is not a aspect that has any traits that are proven by blockchain data
its just user display of translation and given meaning by human decision. after the fact
decision and meaning that can be changed and not protected/fixed by blockchain data

ordinals v2.0  (the witness junk spam memes)
are just locked data store has no proof of transfer to specific new owner


v1.0
when a pool creates a block and has a coin reward of a mile stoned blockheight. EG a "halvening height" block
reading blockchain data. you cannot tell which of the 6.25coins is most important
is it the first or last
you cant tell becasue if a blockreward is 6.3btc (reward+0.05btc tx fee total)
is the first spend the reward or the fee..
does the fee come first or last in the reward

are people transfer newcoin or just the regeneration of old coins that were fees

heres another thing
imagining it takes 625seconds to mine a block for a 6.25btc reward
is the most important say the first second/first sat. or the last second that actually solved the blockhash meaning the last sat

are sat important of a blockreward top down or bottom up
again
if the total reward is 6.3
can you tell if it is 0.05+6.25 or 6.25+0.05

again if someone then spends the coin

bc1qminingpool (6.3) -> bc1qpoolworker1 (1.26)
                                     bc1qpoolworker2 (1.26)
                                     bc1qpoolworker3 (1.26)
                                     bc1qpoolworker4 (1.26)
                                     bc1qpoolworker5 (1.26)
what in blockchain data PROVES that the most important rare satoshi is in which output
who deserves the rare satoshi.. top down or bottom up
the BLOCKCHAIN DATA cannot tell you this. thus its not a true system of proof

its assumption based on lack of blockchain proof and just software decision. where software can change decision without needing blockchain data security to uphold a rule stays or changes to adjust to the new rule

....
v2.0
memes in the witness are not tethered to any output. thus again. which output deserves ownership. the blockchain cant prove it. its again just an assumption made in software where the software can again choose a different path/destined recipient as owner

...

as for those shouting "fee incentive to push fee up"
whom does it benefit

the spot market is the mechanism of pushing up to benefit the miners. they simply refuse to sell at a loss to put pressure on the market to rise.. it does not need bitcoin peer-2-peer fee's to rise PER USER to compensate miners
if anything MORE tx per block should be the mechanism if people want to assume that the peer 2 peer network fee is the thing..

more people all paying $0.10 is better then less people paying $10.00



when blocks of 1.5mb can have 3000tx
but blocks of 4mb have less than 1000tx

i do not see the economic benefit of such system
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
March 13, 2023, 02:27:41 PM
#9
I've voted for "no opinion", although I actually have an opinion Wink

1) the ordinals concept generally is not that bad and has even some positive aspects,
2) but on-chain inscriptions of larger data elements (let's say, larger than a few hundreds of bytes) are not really desirable on BTC, they should better find a home on alt-chains or sidechains. And they should really use OP_RETURN, not a Taproot hack.

So in general I'm "leaning against" inscriptions, but not against the Ordinals concept in general.

I see the benefit of a simple yes/no question (I'm aware of the problems of polls in general Smiley ) but in this case I'd have liked some few more options, or a poll with a Likert scale (from "strongly agree" to "strongly oppose"). However, even with it's minimalist design, it's interesting what the outcome of this poll will be.

Yes, ordinals help create a fee-market that's necessary in the long term.
That would actually a much more biased poll design, because you're mentioning a positive aspect for one of the options, but not for the other one. Smiley

I think also a fee market should exist, but within financial-type transactions (which can include contracts, options and even OP_RETURN based tokens with low data consumption). We're currently still near the bottom of a bear market, thus fees are low. If inscriptions stay popular while a bull market is entering its advanced stages, a big influx of large inscriptions could seriously impact Bitcoin's usability, a second "end 2017" scenario would be likely.
legendary
Activity: 4410
Merit: 4766
March 13, 2023, 02:17:52 PM
#8
bitcoin is a financial network of p2p payments of bitcoin

its not a network that should allow in payments of other assets..
EG
should we also let the witness area be used to input a transaction within a transaction
EG carbon copy litecoin transactions into witness area of bitcoin transactions
EG use witness area to store serial number lists of recently smelted gold bars
EG use witness area to store memes

should we create a whole new currency within bitcoin..

nope. because thats not bitcoin
nope. bitcoin was created for a purpose.

heck ordinals does not even have a proof of transfer system. they just have a chain analysis watcher system of a chose path they can change.. thus it does not even work as a value transfer system
..
weakening bitcoins consensus to allow devs(small group of self-admitted central point of failure) to throw in new code without network consensus has caused junk to be inserted.
its not censorship to reject junk. or atleast allow existing junk to sit. but prevent it in the next block.. thats not censorship, its protection/sustainability

if those that want to cry "censorship" realised bitcoin is actually made of rules that do allow certain tx to be rejected and certain blocks to be rejected. and it always has HAD that ability.. then they will soon learn that bitcoin has never been a "censorship resistance" network it has always been a consent network where nodes SHOULD follow strict rules to protect the network from abuse

so what if it stops HUMANS(devs) from sliding things in without consent.. thats what bitcoin suppose to do. prevent abuses by small groups/individuals

closing the trojan gate that allows devs to throw in these exploits, does not mean it permanently stops code evolution after. it just means to activate new stuff in the future would again require majority of network readiness to support new rules to then give consent to activate new rules. .. the way it should be

legendary
Activity: 1512
Merit: 7340
Farewell, Leo
March 13, 2023, 01:06:55 PM
#7
This is just so vague. What's "good for Bitcoin" is very relative. Miners will tell you that any transaction which pays a fee is good for Bitcoin. Regular users who don't want to even give a cent will tell you that any transaction which takes their priority is bad-- especially if it's a transaction that isn't compliant with their moral standard, or whatever.

Ordinals being good or not is irrelevant. What's relevant is if it's good or not to prevent someone from using Ordinals.
newbie
Activity: 11
Merit: 7
March 13, 2023, 09:01:24 AM
#6
I think its obvious the ordinals deployers attempt to waste block space which will naturally be rejected by users over time so it doesn't matter how any of us individually FEELS about it, if it is not helping the blocks churn 10 minutes at a time they will die out due to Darwinian evolution. That being said overall just using the chain to store a reference to other data seems just fine, but spam is spam and will be treated as such by organic users of the network. Such a thing could be done 100x more efficiently on a side chain.
copper member
Activity: 821
Merit: 1992
March 13, 2023, 04:16:05 AM
#5
Quote
I did it on purpose to make it an easy yes/no type of question.
What if someone's answer is "yes for the concept, but no for the current implementation"? If ordinals would look the same as other transactions, I would have nothing against them.

For me, the bad thing is the technical way of how it is done, not the concept itself. In the same way, someone can support LN, but it doesn't mean that every transaction should happen inside LN, because then, it would require opening and closing the channel every time, so there would be two times more on-chain transactions than needed.

The same with sidechains: someone can support them, but it doesn't mean that all sidechain transactions should happen on-chain.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
March 13, 2023, 03:11:19 AM
#4
Lots of ordinals threads/discussions here lately. It's time to find out which % of Bitcointalk users support ordinals and how many think they should be stopped.
Ordinals are different from the old NFTs, they are using bitcoin for their own non fungible tokens.

There was a time that Omni layer for USDT was a common transaction on on bitcoin blockchain, no one thought it is not ideal. That one is still not actually bitcoin transfer on bitcoin blockchain, but altcoin transfer on bitcoin blockchain.

I only seed ordinals as a way it is possible for miners to earn more money and what can lead to increase in mining hash rate later in the future.
legendary
Activity: 2422
Merit: 1191
Privacy Servers. Since 2009.
March 13, 2023, 03:02:07 AM
#3
A better question would be:

Are you for trying to take measures to hamper, limit, or ban the use of ordinals on bitcoin?

I don't care about ordinals, but given the need to create a competitive fee market, I'm definitely not for any such attempts.

However, to keep with the current poll setup, you could make it less biased by rephrasing

    Yes, ordinals are great!

to

    Yes, ordinals help create a fee-market that's necessary in the long term.

In short: I did it on purpose to make it an easy yes/no type of question. I'm not trying to find out the details, I'm interested in what's the general attitude towards ordinals in our community.  Cool
legendary
Activity: 990
Merit: 1108
March 13, 2023, 02:01:26 AM
#2
A better question would be:

Are you for trying to take measures to hamper, limit, or ban the use of ordinals on bitcoin?

I don't care about ordinals, but given the need to create a competitive fee market, I'm definitely not for any such attempts.

However, to keep with the current poll setup, you could make it less biased by rephrasing

    Yes, ordinals are great!

to

    Yes, ordinals help create a fee-market that's necessary in the long term.
legendary
Activity: 2422
Merit: 1191
Privacy Servers. Since 2009.
March 13, 2023, 01:58:12 AM
#1
Lots of ordinals threads/discussions here lately. It's time to find out which % of Bitcointalk users support ordinals and how many think they should be stopped.
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