Post
Topic
Board Development & Technical Discussion
Re: BRC-20 needs to be removed
by
goldkingcoiner
on 10/05/2023, 19:17:44 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?

BRC-20 is a useless parasitic existence which needs to definitely be removed. If that means rolling back Taproot, then I am all for it. Althought personally I doubt that the attacks will be a long term thing. Hopefully this is just a dumb fad which will calm down and even perhaps die out, over time.

I would not call it a "fatal flaw which can bring an end to Bitcoin". Its rather an irritating thing which can and will be carved out of the Bitcoin ecosystem.

No idea how long that is going to take or how long we will have to keep enduring high fees. But I believe the attack to be unsustainable. There is a limit to the number of idiots who buy NFTs/scamcoins.

only time can tell...