Post
Topic
Board Bitcoin Discussion
Re: Stablecoins on the bitcoin blockchain
by
pooya87
on 27/05/2023, 15:34:25 UTC
With the introduction of the Ordinals protocol,
Ordinals is more of an attack against bitcoin than a protocol itself. It is exploiting the Bitcoin protocol to inject arbitrary data into the blockchain.

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the opportunity to issue tokens on the most famous and popular blockchain.
You can NOT issue tokens on bitcoin blockchain, it simply doesn't have that feature. What they call a "token" in Ordinals Attack is a fakery to scam people. As I said it is NOT part of the Bitcoin protocol.

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As expected, there were also those who announced the release of stablecoins on the bitcoin blockchain.
In other words people are already taking advantage of this hype to scam more people every day.

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How do you feel about the prospect of dollar stablecoins on the bitcoin blockchain? Will you use them? How might this affect Bitcoin?
You seem to not be aware that the biggest centralized stablecoin called Tether (USDT) was created in a similar fashion using Omni layer many years ago! It was a bad idea then and it is still a bad one today. Not to mention that neither Tether nor the garbage being created these days are tokens.