Post
Topic
Board Development & Technical Discussion
Re: BRC-20 needs to be removed
by
serveria.com
on 22/05/2023, 06:37:08 UTC
You are contradicting yourself here. Ordinals caused (and continue causing) huge losses. People who paid cents (satoshis) for their tx are now paying much more (x10-x100) for the same tx for no particular reason. This is because the network is getting ddosed by the NFT criminals.
I am not contradicting myself, you say Ordinals caused huge losses like it created an opening for people's funds to be stolen in the network. TX fees isn't losses, a time will come when miners will receive incentive only through TX fees which will not be so cheap then, will it also be called losses at that time. I don't support this invention and i don't use it, but people are using it, and because the network is permissionless, they do not need my permission or yours to do so.

Yes they are losses. If a user paid 1sat/byte for a transaction before ordinals attack and now the same user has to pay 100sat/byte because there are 500000 monkey pics queued in mempool the user is losing money/Bitcoin. The network has come to a complete stall now after the BRC20 attack joined ordinals attack in a massive ddos targeted at Bitcoin.