Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: NFTs in the Bitcoin blockchain - Ordinal Theory
by
Wind_FURY
on 13/05/2023, 10:32:09 UTC
⭐ Merited by JayJuanGee (1)
We may not like "their" use case, but Bitcoin was designed to be permissionless and censorship-resistant. That means anyone can use it in the way they want as long as their use case is following the consensus rules. From a technical viewpoint, what changed?

From a technical viewpoint, Bitcoin's code was changed with the Taproot patch that moved Bitcoin away from being purely a peer-to-peer electronic payment system as Satoshi envisioned, to include the "latest thing". One of the developers referred to this as "security regression."


Please tell me if I'm wrong, but didn't Bitcoin always have the abiity to store arbitrary data pre-Taproot?

Plus "Satoshi envisioned"? That's being ideological, no?

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This is not what Bitcoin was designed to be.


Technically it's a permissionless, decentralized, censorship-resistant ledger. Any user technically can use it in different ways as long as it follow the consensus rules.

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Being permissionless and censorship resistant are features of this payment system.

Now that payment system is being halted by a bug that was introduced.


It's the feature of the network.