Post
Topic
Board Bitcoin Discussion
Re: On Ordinals: Where do you stand?
by
jhayemcue08
on 24/04/2023, 08:27:36 UTC


The debate surrounding the Ordinals protocol highlights a fundamental tension within the Bitcoin community regarding the role of the protocol and its potential for expansion. On one hand, some argue that Bitcoin's primary function is as a secure and decentralized digital currency, and that any attempts to expand the protocol beyond this scope risk diluting its core value proposition. On the other hand, others believe that Bitcoin's open-source nature makes it an ideal platform for experimentation and innovation, and that new protocols such as Ordinals have the potential to expand Bitcoin's utility and relevance.

That controversy over Ordinals also raises questions about the fungibility of Bitcoin. The introduction of unique inscriptions or other forms of metadata could potentially create distinctions between individual bitcoins, which could have implications for the fungibility of the currency as a whole. The question of whether to embrace or reject new protocols like Ordinals is a matter of personal opinion, and there are valid arguments on both sides.

https://bitcoinmagazine.com/culture/bitcoins-great-definitional-debate-1452035233
https://www.coindesk.com/bitcoins-block-size-debate-what-the-industry-is-missing