503 sats \ 1 reply \ @anon 7 Dec 2023 \ on: Some are ranting about Ocean Pool's "Sensorship". Where do you stand? Mining_Self_Hosting_FOSS
What kind of Bitcoin do we want? That's the fundamental question, and everyone has a different answer. Let's present facts about the existing types of Bitcoin based on these facts. We can then present these cases to the wider node operators of Bitcoin, and the network can choose the node software accordingly.
Personally, I want Bitcoin to focus solely on the use case of wealth storage.
- Ordinals price out many who want the store of wealth case by driving up the transaction costs, rendering many UTXOs unfeasible. Pending technological mitigations, if possible.
- Ordinals exploit a bug to bypass a restriction that the developers attempted to institute. (Perhaps one can argue that bugs are part of the consensus.)
- We can't halt the use case while the bug exists.
I prefer that we discontinue the data storage use case. As a coder, I believe software is ideal when it exists in parts that each excel at one thing. BTC is currently the best wealth storage use case we have. I believe ordinals are opposed to that. Other components can focus on different use cases. For example, Lightning facilitates the transferability use case for Bitcoin. Liquid does the same, with the added benefit of amount confidentiality. Cashu enhances the use case of privacy, and so on. Many other 'parts' aim to address specific use cases.
Ideally, I'd like the ordinal proponents to create their own BTC-pegged side chain, similar to Liquid, and optimize it for the data storage use case. Meanwhile, we could block this use case on Bitcoin.
bug
Disingenuous rhetoric, very manipulative and misleading.
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