OP, you have to lock this topic, because it's factually incorrect and it's going to give people false hope about the mempool situation being resolved quickly.
I just did an interview with DL News they asked me for, so it will be beneficial to get the facts out here for all to see.
------- Original Message -------
On Wednesday, May 10th, 2023 at 6:52 PM, Ali Sherief wrote:
> Hi , I hope you still have time. I had Do Not Disturb switched on before I got here.
>
>
> > What are Bitcoin devs looking to do about the fee spike caused by Ordinals clogging up the mempool?
>
> At the moment, nothing has been agreed upon yet. In situations like these where there is something significant at stake, there is usually a lot of dialogue about possible solutions to take. However, before enacting on any particular decision, a majority consensus among the participants isn't required, otherwise no action is taken.
>
>
> > Do you support Luke Dashjr’s calls to treat these transactions like spam and enact spam filtration as a bug fix?
>
> I would like to make it clear that this is not the opinion held collectively by the developers.
>
> I also think that's a bit extreme, when you consider that there's live money on top of these transactions, even if there is a tendency to consider them as spam.
>
> > What sort of actions do you think are likely to be taken? Will they be bug fixes or changes to the core client in the next release?
>
> I'm not expecting changes of this sort to be implemented until a consensus is reached like I told you. At the moment there are no Github issues or pull requests of this sort, and I'm not expecting any to appear in the immediate future.
>
>
> > What happens if miners are not on board with these changes? Are we going to see another Bitcoin civil war?
>
> I actually think it is not necessary for miners to worry about this because in a way, BRC-20 token transactions are a lot similar to the Ethereum NFT craze in its heyday. I know that miners are profiting a lot from these BRC-20 transactions but it's only going to be temporary, because none of these have any use cases so it's only a matter of time before BRC-20 loses most of its hype just like Ethereum NFTs.
>
> Regarding a civil war - it's actually already begun, but it does not involve developers or miners. It is restricted between Bitcoin users who support ordinals and the those who don't (as well as altcoin users who for some reason want to take sides), and additionally is also restricted to social media such as Twitter.
>
> This is not particularly new, as this has also happened in 2017. But because miners were also involved, it was more serious.
>
> Unfortunately that status quo is going to continue at least until the situation with the mempool is restored to normal.
>
>
> > Any action taken against ordinals could be seen as censorship. What are your views on this?
>
> You are absolutely correct and that is why we have to be very careful when dealing with this issue. We already see various types of data transactions, for example OP_RETURN, and attempting to block them entirely after they have already been introduced will cast a negative image on Bitcoin, which we would like to avoid obviously.
>
>
> > What’s the long-term solution for Bitcoin’s security budget beyond block subsidies?
>
> Profits for the miners have to come from the layer 1 fees as it is not possible to adjust ASICs to work with layer 2. Naturally, transaction fees will rise, probably to the level we are at now, but by then I hope there's is better adoption of the Lightning Network.
>
> The key problem with LN is the lack of software using it. AFAIK there are only two desktop wallets (Electrum and Zap) that support Lightning. Mobile wallet support is good though.
>
> Almost nothing supports the Taro protocol made by Lightning Labs though, but that has to change quickly because it is superior to BRC/ORC-20. BRC-20 author also recommends using Taro as an alternative, in the BRC-20 docs.
>
> Best Regards,
> Ali
>
>
> Sent from Proton Mail for iOS
>
>
> On Wed, May 10, 2023 at 4:57 PM, wrote:
>
> > Hello Ali,
> >
> > I hope you are well.
> >
> > My name is and I’m a reporter at DL News. I’m writing a story about ordinal inscriptions on Bitcoin and I’d like to get your perspective on the matter.
> >
> > What are Bitcoin devs looking to do about the fee spike caused by Ordinals clogging up the mempool?
> >
> > Do you support Luke Dashjr’s calls to treat these transactions like spam and enact spam filtration as a bug fix?
> >
> > What sort of actions do you think are likely to be taken? Will they be bug fixes or changes to the core client in the next release?
> >
> > What happens if miners are not on board with these changes? Are we going to see another Bitcoin civil war?
> >
> > Any action taken against ordinals could be seen as censorship. What are your views on this?
> >
> > What’s the long-term solution for Bitcoin’s security budget beyond block subsidies?
> >
> > I look forward to hearing back from you.
> >
> > I’ll be filing my article by 5:30 PM UTC (12:30 ET). I’d be grateful if you can get back to me by then.
> >
> > Kind regards,
> > .
What I
can say is on the edge of happening is that I have to step up my Lightning game. And probably a lot of other devs as well.
