pull down to refresh
0 sats \ 0 replies \ @0xIlmari 22 Mar \ on: Ordinals are a Fiat Scam bitcoin
We like the incentives of Bitcoin because they help the network secure itself, and create an alternative to the world of fiat debasement.
But the incentives are the result of the consensus rules in the software. And we changed those rules. Devs coded and blessed SegWit and later Taproot, miners signalled acceptance, and most of pleb nodes upgraded.
This change allowed a new breed of Bitcoin users to build on the abilities and incentives that this new, "improved" system. Whether you agree or disagree with them, people are building new things on Bitcoin.
So what, "Bitcoin purists" suddenly don't like those consensus incentives anymore because an unforeseen application (Ordinals) emerged? This is pure Bitcoiner hypocrisy.
There's really only two options (not exclusive to each other):
- Accept Ordinals as something that's here to stay. Sure, fight culturally, if you disagree, but remember that those transactions are valid per consensus rules you agreed to by running a SegWit/Taproot-aware client (you can filter them from your own mempool, but you need to accept them in a block).
- Agree that SegWit was a mistake (and a hipocrisy in itself). This, however does not immediately lead to a closure, because we can't turn back time, or downgrade-hardfork. You can only learn from it.