. SegWit helped scale Bitcoin by introducing a block field to hold “witness data” – signatures and public keys for Bitcoin transactions. Potential vulnerabilities forced developers to impose limits on the size of that data. When Taproot came along, it resolved those security concerns, allowing the old SegWit restrictions to be removed and paving the way for large chunks of NFT data to be stored on-chain. Turns out it’s the perfect foundation for Ordinals.
The protocol’s opponents argue that Ordinals will compete with traditional payment transactions by crowding blocks and driving up transaction fees. Rodarmor disagrees. “To that I say, well, there's this fee market pricing mechanism that bitcoin has, that lets people pay the amount of fees according to how valuable doing the transaction is to them,” Rodarmor told CoinDesk in an interview. “And that applies both to financial transactions and to inscriptions.
Rodarmor has poured gasoline onto that fiery debate with the launch of Ordinals. “It’s also fair game for miners to censor the crap as a form of discouragement,” saidHe later posted: “We can recognize we can't really stop them and it's a free world with anonymous miners. But we can also educate and encourage developers who care about Bitcoin's use case to either not do that or do it in a prunable space-efficient e.g. time-stamp way.
embrace utility in your slow crypto guys
Looking for divx on the chain :)
paperbuddha the purists who owe their crypto fortunes to the darkweb? Surely they're not serious..
Ah toxic gatekeeping at its finest 🤌
In an asset seeking to continue exponential growth there is no such thing as a bad use case. Transactions have spiked since Jan 1.
sukuthis epictweet
My Bitcoin nft will be the first legal president of the world. I’ll call him Abe Bitcoin
It's great to see the innovation that Ordinals is bringing for storing NFTs on the Bitcoin blockchain. While it can cause tension between purists and supporters of different use
What if the Matrix puts 100 child porn pics / clips on the chain per week. How will institutions react?
YOU'RE BLOATING UP THE BLOCKCHAIN! FOREVER! THINK AHEAD!
The Bitcoin blockchain is not Twitter. Go to nostr if you want to play.
Ordnials are the biggest threat to Bitcoin so far. What a waste of space and energy -- forever. Jpgs piss in our front yard and call it free speech.
useless 'arty' NFTs, is that considered a proper use-case for the base layer of Bitcoin?
There are so many different types of NFTs that will be on the blockchain. It’s inevitable.
rodarmor FrederickMunawa Could have just minted on Stacks
rodarmor FrederickMunawa Ordinals are the end of Bitcoin since they've destroyed the digital commodity thesis, I'm sure it will take a couple of years for this to sink in for folks though.
rodarmor FrederickMunawa No laser eyes or BTC in profile 🥰
rodarmor FrederickMunawa Gio19898
rodarmor FrederickMunawa Will the btc scammers who used to shout censorship resistance and de-neutralization be silent? lol
rodarmor FrederickMunawa It’s a Suicide attack 🤘😂👍
rodarmor FrederickMunawa Why would anyone say it’s an attack? It’s the coolest thing I’ve seen on BTC in 5 years.
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