Post
Topic
Board Bitcoin Discussion
Re: Time to roll-back Ordinals?
by
logfiles
on 08/11/2023, 11:24:01 UTC
Currently as we speak, bitcoin's blockchain is clogged by transactions because ORDI a shitcoin related to so called "inscriptions" creating NFT like things on-chain for bitcoin.
Currently, things are even "OK" we have seen worse when the Ordinals hype had just set in and there were something like 300 - 400K unconfirmed transactions in the mempool. The transaction fee rate was insane for weeks
Suggestions were made but the developers just decided not to do anything about it. The idea is that the hype will die down with time and the Bitcoin network will be back to normal.

The Ordinals madness is more like an eye opener. I mean, if bitcoin network gets huge adoption worldwide where there is an inflow of hundreds of thousands of transaction per hour and we have a mempool with lets say over 1 million unconfirmed transactions, what next for the Bitcoin dveelopers and community?
Do they just let it be?