Post
Topic
Board Development & Technical Discussion
Merits 4 from 3 users
Re: BRC-20 needs to be removed
by
BlackHatCoiner
on 11/05/2023, 18:15:29 UTC
⭐ Merited by bitmover (2) ,darkv0rt3x (1) ,d5000 (1)
The most important one of BTC use cases is to transfer funds peer to peer, and to do that one has to pay tx fees, if anything is bloating the network and restricting people from making transactions, maybe we can call that thing a problem.
Congestion can also happen by merely making "normal" transactions, so in accordance with your reasoning, making "normal" transactions is also a potential problem. Needless to say it's a false reasoning, because the network's security relies on the fact that it's congested.

What uprises me about this mess is the quetion, how long can it be "profitable" / sustainable to send bloated data-transactions to the bitcoin network?
Probably not for too long. This whole Ordinal and BRC-20 business is a hyped-up bubble, waiting to be burst. Hopefully, until that happens, I hope the community won't begin block size wars II.