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0 sats \ 10 replies \ @Kaffi 25 Dec 2023 \ on: Here's why there are deep incentives for a Bitcoin fork with the Ordinals people bitcoin
wow if you are the real Jimmy Song you are awesome. That being said I don't think censorship is the answer, remember bitcoin is supposed to be for everyone. Whether people chose to just buy an ETF or do BRC and Ord shit or make their forks of bitcoin.
Stop saying it's censorship. It's not.
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can you elaborate? because it sounds like a minority of bitcoiners actually think Ordinals are a problem.
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Ordinals are spam at best, a dos attack at worst. Watch Giacomo Zucco's latest videos on censorship and you'll get it. Guy Swann, Beautyon, Parman, etc. are of the same opinion.
Some bitcoiner wannabe hero's feel they need to protect the network from spam filtering because fReeDoM, Odell included. They don't realize there is no absolute freedom in Bitcoin. There has always been "censorship" and filtering of certain tx. These people are false hero's, supporting shitcoin minting on Bitcoin in the name of fReeDoM. Tell me, why does the network censor me from sending 5 MB tx, or 100 byte op_return tx ?
Bitcoin is a p2p cash system, it's not designed for arbitrary data storage and disincentivizes it. Satoshi himself argued that spam can be mitigated with other means if fees are not enough. It's honestly bonkers to see bitcoiners defend the use of Bitcoin for data storage and shitcoin minting.
Ordinals are putting stress on small user adoption for almost a year now (fees alone have not been enough clearly). This can be viewed as an attack, pricing people out way earlier than expected in the adoption curve.
I am not advocating for big changes to Bitcoin, but people should understand the attack at hand and acknowledge it, only then can we discuss possible ways forward.