Topic: (Ordinals) BRC-20 needs to be removed - page 19. (Read 6547 times)

Let's combine a bit the replies!


I said it before, and I used the same term, delusional majority, when some 2-3-100 guys in a tiny crowd think that just because there are others who agree with them and in this tiny space they are more numerous than the ones that disagree they somehow are the overall majority. The same shock as a 24/7 wow player has when he enters a cafe and nobody gets his gaming jokes! Going further:


As I was saying, everyone has their own opinion, even on this thing, the first tweet is about people defecting from BSV and going back to BTC, although I really think it's a ton of sarcasm in that reply I don't doubt more think the same, it's not an attack, it's a way they make money cause there is demand on BTC rather than on BSV. Some might see it as proof of BTC being better some might see it as a terrorist attack, unless we go and have a mandatory vote and count everyone on this planet it's a bit premature to say the majority hates or loves Ordinals.


The consequences of doing nothing to prevent the next one? 
With users seeing this and ending forever their plans on dealing only in BTC for on-chain tx and switching to alternatives?

what consequences is that? if it dies down then we're back to normal right?

oh and that's too bad to hear about LTC. that's the one thing that has always been cheap to send. hope those fees aren't going up too much. 

Seems to me that BSV devs are just defecting to BTC because there's way more money flowing in Ordinals / BRC20. I could of course be mistaken. But LTC and DOGE are now facing similar issues with spam, blockchain bloat & network congestion so I'm inclined to believe its not an anti-BTC conspiracy.

I think its just a case of the blockchain-agnostic degen crowd following the newest trend. And it will die down before too long, probably within 3-6 months. Unfortunately it will have long-lasting consequences.

you don't ask for anything. you do it. research bitcoin cash.

it depends how far you want to rollback the blockchain.

So how can we ask for a fork?
also, whould a fork remove any content related to the submitted Ordinals?

Unisat ~= Calvin Ayre, https://nitter.it/B2029org/status/1655611301412982784

I think the reason for there being only one entity handling most of the Ordinals transactions is because Unisat is the only wallet to provide such functionality. If there were other wallets and/or exchanges doing this then I'm sure we'd see a mich higer ratio of public keys involved.

It's all really just hype though, and it's eventually going to fade into irrelevancy just like ICOs.

It would appear this activity is from Unisat which allows for wallets, transfer and minting of Ordinals & BRC20, although I'm not 100% certain:

https://unisat.io/

The motivation is purely to profit.

This thread might be of interest to some here: https://news.ycombinator.com/item?id=36119042

you may be right because i saw him doing an interview once and he was not a big fan of bitcoin in fact i think he was saying how gold was better than bitcoin. but i can't remember exactly.  

He is trying to troll us, he's only using Ordinals because he knows that Bitcoin maxis hate it and always contend with him about his no-coiner policy.

It is best to ignore him completely about this.

Ordinals bad? Even Peter Schiff, Bitcoin's number one hater, can see some use in them.

https://twitter.com/PeterSchiff/status/1662210584178475008

After huge pumps and dumps / crashes / scams and other fails, a tiny amount of shitcoiners become enlightened and see the errors of these coins, and become Bitcoiners. But most don't learn, that part is true.

Some sheep get away, believe they became wolves, and return for the next feeding trough, only to fall the second time. That's usually how greed works. Some do live on, believing they were geniuses, though to be fair, I might have met in my life one or two who understand it was pure luck, and retire happily as regulars.

I suppose we need all kinds to keep this wheel spinning. Bitcoin was the latest to brush shoulders with it, but that really is the beauty of it, all are free to use it as they please, and to move on when they realise it no longer suits them.

Meanwhile, haven't seen 100 sat/byte recommended fee despite mempool still towering high.

You say there are competent users among the sheep?  mmh I've always doubted this because whoever buys this rubbish does it with the intention that it can enrich their pockets and therefore foolishly makes the mistake and a sheep, as you rightly said, is eaten by the wolf while those few users who know well wolves will never invest a cent.  because they are not sheep but foxes.  I still see too much shit around and too many sheep.

Or just a bad timing.
Or maybe not enough twitter/youtube/tiktok experts were talking about that and as an effect it did not bring expected amount of $.

If it was a bad timing, sooner or later it will come back.

Eh, I actually saw this coming. It happens during every "sheep hype".

Once the sheep hype reaches its peak in that all the sheep are rounded together, the wolves are let in and devour them all (well, almost all of them - some sheep are actually smart enough to escape with their lives).

I'm not expecting these sheep to have learned anything from this experiment, but if next time they unleash a shitcoin wave on a Layer 2 network, then at least that shows that the crypto community is collectively becoming a bit competent.

Does anyone feel like the problem is actually already self-correcting even quicker than some (or say, myself) predicted? The market cap for these junk coins should be growing, with the amount of new junk entering, yet it's more or less stable (if not shrinking from first week May when it exploded).

That already means the ponzi has peaked. Or that people have moved on to alternatives. Or that the group of sheep is drying up. Or a combination of all of them.

As we, and they, roundly expected, no?

What I mean by "compression" is in terms of both actions revolving around the same thing, which is a request to change the protocol, you compare that SegWit "change" to this "ban" change as if they are equally the same, which is why I said it's not a fair compression, back then, you had people who wanted to increase blocksize (Bcash folks with Bitmain siding them), basically just a small group of people who did not want that change to happen despite not having a major disagreement, they just thought their way of fixing things was better.

Banning ordinals now is a completely different story, it's not just Roger and his friends now, it's a large community of actual BTC users, a dozen YouTubers/influencers waiting for the core devs to take any "censorship" action so they can fill their social media content for the rest of the year.

My take on these ordinals and BRC-20 tokens will likely vanish or slow down close to nothing in a few months from now (I checked most top projects, telegram groups, and influencers and etc. The folks behind all this are too weak to sustain it, unlike how everything looks from the outside, the majority of those folks are just trying to get rich overnight and all of them will get rekt, move on with their lives and go back to living with their grandmother)

if we don't want to let the free market handle them, a ban of some sort shouldn't be carried out now while the hype is still high, just give them a few months, people will find a new "trend" and nobody will even notice that they were banned then.

There aren't lots of definitions for the term. It simply means to allow storage of information. Besides OP_RETURN there are standard scripts, which you can't distinguish if they're used as cloud storage or for legitimate usage. (And at that point, you will have really screwed things up, because the UTXO set will be used as that storage)

Comparably to what standardness allows, it's not. You can fit as much as an entire, 4 MB block in an OP_RETURN output, and it will be valid.

That's true for all transactions.

As if it was possible to add more inputs to bypassing that, right?  

If you think it's garbage, and all that are just greater fool theory schemes, then the best approach is to let it pass, as you're so sure it will!