Post
Topic
Board Development & Technical Discussion
Merits 9 from 2 users
Re: Lightning Labs just made "Taproot Assets" v0.2 a BRC20 alternative.
by
BrianH
on 27/05/2023, 11:55:11 UTC
⭐ Merited by bittraffic (7) ,NotATether (2)
Source: https://lightning.engineering/posts/2023-05-16-taproot-assets-v0.2/
https://cointelegraph.com/news/lightning-labs-launches-updated-protocol-bitcoin-brc20-congestion

I hope everyone here agrees with me that writing Ordinals/BRC20 in the blockchain using JSON is a massive space monster. (You might also believe that Ordinals are negative in their entirety and should be removed. Well there's another thread on this board for saying that.)
Lightning would be a nice way to solve this BRC-20 bug problem. I am in favor of moving these transactions off chain. I saw this article a few days ago.

Unfortunately, wishing it onto the Lightning network won't make it happen.

1. The Lightning network has less than 5% of transactions, by volume. It's not being used.
2.
Quote from: Wind FURY
OP, but the problem, Ordinals/NFT users want to store their dick pics and fart sounds in a bank vault, not in a museum. They believe it's part of the attraction, and part of what makes them "more valuable".
Wind FURY nailed it. This spam only has value because it is being immortalized in something valuable - the Bitcoin blockchain.
Unfortunately, this is coming at the cost of Bitcoin's original purpose as a peer-to-peer method of exchange. It is destroying it's value.
This bug is acting more like a parasite that is killing it's host.
Lightning is not a real solution and this BRC-20 bug needs to be patched.