Post
Topic
Board Development & Technical Discussion
Merits 6 from 2 users
Re: BRC-20 needs to be removed
by
OgNasty
on 23/05/2023, 12:38:25 UTC
⭐ Merited by hugeblack (4) ,HmmMAA (2)
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 don't see any difference between BRC-20's use of the blockchain and the Lightning network's use.  I also don't think taproot is what enabled the current issues as much as segwit, but what do I know? 

You say Bitcoin was designed as a method for peer-to-peer exchange, and then go on to say it has become digital gold.  Is evolution of the protocol a good thing or a bad thing?  Did you expect that the Lightning network would continue to have a blockspace advantage without thinking other projects wouldn't take advantage of it as well?  If anything, this BRC-20 stuff is long overdue.