Post
Topic
Board Development & Technical Discussion
Re: BRC-20 needs to be removed
by
goldkingcoiner
on 10/05/2023, 14:43:57 UTC
Bitcoin was designed as a method for peer-to-peer exchanges (see quote from Satoshi in sig). It was not originally intended to support tokens or smart contracts.

Bitcoin has essentially become digital gold. These changes are breaking the network and eroding the years of trust that Bitcoin has created. This is what gives it value.

Bitcoin will never offer the transactions per second to support these type of transactions. There are many altcoins that do a better job of providing this utility. Let them do that.

The change to allow BRC-20 in Taproot needs to be rolled back. This is a dangerous, fatal flaw to the network that could be used to bring an end to Bitcoin.

What are your thoughts? Should BRC-20 be removed? What is the best way to do this?

I doubt there is any need for concern over the whole BRC-20 debacle. The truth is that its not sustainable for the attacker, while profitable for the miners and irritating for the Bitcoiners making transactions.

In the worst case scenario, a soft fork will cut out the entire system but at the same time who is to say it will not return under a different disguise?

I am not worried. The only reason why money launderers and scammers are so interested in it right now is because its heavily unregulated. Its still a separated market, though. And without a means of trade such as a centralized exchange, there is no point to it, making BRC20 incredibly centralized.