Topic: The severity of the Ordinals Attack is increasing - page 2. (Read 1031 times)

Exactly there was a lot of really unsavory stuff uploaded back in the early days. Which is also why it was a bit of a let down to see this current mess as not having been anticipated.

For your information we have been "censoring" this types of malicious transactions from very early days of bitcoin to protect all principles of bitcoin including censorship resistance.

Nobody says limiting OP_RETURN size is against censorship resistance or saying limits on the witness size for version 0 program is against censorship resistance. Same with 50+ other limitations.
So why should limiting the size of witness version 1 be against censorship resistance?

I see suggestions that "rules" should be applied to stop these transactions and that miners should "block" these transactions, but I see no calls for people to protect Bitcoin's censorship resistance.    Is the idea behind Bitcoin, not for individuals or groups not to be able to "censor" certain transactions?

We should find other solutions to protect the Bitcoin network against attacks like this, without sacrificing the principles that are protecting the users transactions. 

Important thing to consider specially by those who say "this will go away".
Even if the attack were to be stopped today and the fees drop down to 1, the vulnerability that this attack is exploiting is not going to go away. Tomorrow this attack could start again or the day after tomorrow a new form of attack could exploit the same vulnerability to perform a new form of attack.

The exploit must be fixed/removed to solve this for good.

Well said. It doesn't have to be some evil witches in a lair with sinister laughter being echoed while they plan their attack
In fact the historical cases I was talking about were all the same, the attack is designed in a way that gets regular people to unknowingly participate in it. In 2015 the code name was "Stress Test", in 2023 the code name is "Ordinals".

Wrong.
They have tried using these vulnerabilities to perform similar attacks. In fact in early days there was an increasing number of transactions that used the outputs to store arbitrary data in the blockchain. That led to introduction of restrictions and eventually to OP_RETURN and its rules.
Ever since then we have been introducing strict rules to prevent similar attack vectors until the Taproot soft fork.

It is not a feature, it is an oversight that led to a vulnerability being introduced into a small part of the protocol which is now being exploited. That also doesn't mean the whole bitcoin is broken just because a small vulnerability was found and exploited.

The fate of Bitcoin is in the hands of three groups of people. 

These are community members (coin owners), miners and developers.  In my opinion, at this time, the bitcoin ownership community should strongly urge bitcoin developers to make changes to the bitcoin code (i.e. soft fork). 

This is definitely a necessary step.  We all remember the year 2017, when two scoundrels Roger Ver and Jihan Wu decided to destroy the real bitcoin by replacing it with another coin called Bitcoin Cash.  In 2017, the Bitcoin network was also spammed with small transactions. 

At present, it is also necessary to repel the attack on Bitcoin and restore the state of equilibrium.  And this cannot be done without the participation of Bitcoin developers.

I don't believe that anyone has a constructive proposal to overcome the crisis aside from removing the feature from the chain.

My new speculation/assumption is that Ordinals will remain a feature and that a new way of scaling to mitigate the effects that it is having on-chain will be implemented.


This is important. NFTs were used to launder money, I have no doubt Ordinals would be too. I do doubt that this is the catalyst for the attack on Bitcoin. I believe that the attack is completely intentional and for the purpose of hindering the Bitcoin ecosystem.

Eventually, these adversaries will burn a significant hole in their pocket. It will either be a waiting game until it is no longer feasible to continue the attack/until it is not worth continuing, or until a scaling solution is incorporated to mitigate the effects.

The reality is that the possibility of introducing arbitrary data into the bitcoin blockchain has existed since the launch of the network, it’s just that no one has tried to widely use this possibility before. Read the previous sentence again and try to understand that this is not a bug, but a feature. If you consider this a dramatic problem, then the whole bitcoin is a mistake, because the problem does not have an adequate technical solution, only palliatives with very unpleasant side effects that still do not solve the problem, because it is of a fundamental nature.

Further, if we call it a "fungibility attack", then we have to admit that the attack would have no chance of any kind of success if the fungibility of bitcoins existed in reality, and was not an illusion and a figment of the imagination of a limited view of the open blockchain.

Bitcoin is not broken and there is nothing to fix here, the system continues to work normally. But perhaps many of us will have to reconsider again (I think not for the first and not even the last time) our outdated stereotypes about what bitcoin is, what its role and place in the world is. If for someone this experience is disappointing - this is an individual problem of his personal expectations.

Well i dont know really what to do but i have to point something, the main problem with exploits its this, you know they were you know they exist but until they dont get exploited you dont make anything to solve them, its like a lazy thing.

They are useless and harmless until they become harmful, and you are not prepared in the right way to overcome the issue.

But the good things its... it can be solved and its a minor issue in the big movie.

What else can we do to stop their exploits?
We don't want to split the chain again all because of the Ordinals. I may not be coordinated attack from the start when they tried that NFTs on top but its the idea now because when there are a lot of them benefiting this, they will all continue to do it.

This is gonna diminish the demand of BTC.

It's still bloated, just the amount of red tx went down, but yellow level went up.

Anyways, these whole thing doesn't even last a week. How long would you say it's going to last before the ordinals-based shitcoins implode and people realize they've been investing in scams? I give it another week and the drain is going to unclog and wash them all down.


Only the top of the scheme is earning. Have you seen statistics of some of these coins? They have addresses that hold more than 5% of total supply each, and I'm not talking about the exchanges. When these insiders cash out, it's going to look like the Terra Luna chart.

I doubt these ordinals geeks who loves nft (now BRC-20) that earned them good money would stop as long as they keep earning from the trend of it. So maybe we are talking about a long time problem here for the bitcoin community as these high fees wouldnt regress for a while. It will go down but some folks are now spamming on socials on how good profits are being drawn on brc20. Ive saw some airdrops being posted on twitters with dozens of feed and comments. Crazy it is!

Well, nice to see somebody have more info about this.

About the second quoted, man i cant believe some people here saying this its not an attack on BTC, i know maybe its not a coordinate or inittially its not an attack directly against BTC, but now in an abstrac way its an attack.

I dont understand people who say "its not against the rules" yes man, we know that but do you know the difference between law and moral? or do you know if something its legal not always its good?.

Let me explain the point with a simple example:

You live in a street with only one can of trash for the whole street. When youa re gonna drop your garbage to the can, you see the can its filled until the top and you cant deposit your trash, and this keep repeting everyday.
When you start to seek an answer for that, you see a neighbor of you put ton of garbage made by him in the trash can and full the can by only his trash. So nobody in the street can drop their garbage.

Well he is not doing nothing against the rule he its only throwing away his garbage. But you can see its not good for the community and also its not a good behavior.

To those who think this is going to go away without some proactive community mitigation, "You're naive fools."

So many BTC related services and businesses operate on a cots + basis and might enjoy the lower frequency but juicier tx. And so many in "the community" are from pampered US and EU backgrounds where they forget what these fee increases mean in the areas of the world where actual growth has been happening.

Loosing the voices of people in South and Central America and parts of Asia will set the overall Bitcoin and crypto back by years as a whole.

Best alleviation I see right now is ATM producers getting their fingers out about lightning and moving onto it. But I have serious doubts that will happen as they too do cost+ and greed is a powerful motivator for doing nothing.

Yesterday it was around 650sats/byte now its around 230 which is good news but looking at the number of unconfirmed transaction is still high above 400K so I guess the problem is going to stay here for a while until those craze for brc20 goes away until that the price of Bitcoin surely under a big concern and no wonder it it falls below 20K too for short period.

I'm already maxed out on my post count for the week since yesterday - further conversation about that is comical.

As far as I know there's nothing illegal here, the creator of BRC-20 token was able to find a loophole in Bitcoin’s 2021 Taproot upgrade and then that's it. It's the start of this 'inscription'.

But this is an attack to bitcoin's fungibility and I don't think that the community is divided, majority doesn't support BRC-20.

In any case, this is hype and we all know how fast this kind of fad is going to die down.

Pooya87 doesn't need to come forth with a solution to the problem, the fact that many people don't see this as a new problem that will greatly affect Bitcoin is what makes it a good discussion, many people think that this ks something we have seen several times in the past, and because it's also making Bitcoin miners rip good amount of profits but this is going to throw Bitcoin in a new BS situation.

Many new projects are getting on Bitcoin Ordi right now and some are just preparing to launch, the transaction fee will keep going higher from now on and many investors will quit Bitcoin, this is a valid reason to quit Bitcoin because people are violating its purpose.

I do not consider this a serious problem that deserves an immediate search for ways to solve it. As well as the problem with Ordinals Attack.

But if you want to delve into this dialogue in more detail - first remove your commercial signature so that I stop thinking that you are not trying to earn another four dollars and for you this is a key driver for continuing the conversation.

And wait, peeps... There is more of this crap...
https://thebitcoinmanual.com/articles/orc-20-tokens/

WTF is these people thinking?? I hope that these scams die quickly along with the people who created them!

Among those who have the right to vote, there are enough companies that will definitely take this step.

Although I am skeptical of Binance, their mining pool will also support the change as the current situation is significantly hurting their core business.