Post
Topic
Board Bitcoin Discussion
Re: Time to roll-back Ordinals?
by
kingvirtus09
on 08/11/2023, 13:37:37 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.

In this case, is the Ordinals being the main problem here or there's just an increase in the numbers of transaction at the cause of increasing adoption rate, if what am thinking isn't it than the ordinals then i think it's high time the developers community finds a lasting solution to it, bitcoin is known to be as cheap as 2 sat/vbyte and which is very offordable by everyone performing transactions.

Are we to forget how the blocksize wars took place circa 2015 because some developers thought everything above 1MB for blocks was too much decentralization? Bitcoin lost many developers and fans due to this debacle and was set back quite a bit. We now have 4MB blocks with SegWit and a literal shitcoin riding on-chain and clogging our blocks.

I don't know how we all came about this from the first place in renting out the blockspace when we know that bitcoin space could later be utilized for its same purpose when the network get congested, now it has to be a contension between the normal bitcoin users and the stranger ordinals for the highest bidders to get their transactions confirmed first, miners are on it again, their time to leak the milk to their mouth.

This trash being inscribed on chain is going to be worthless tokens in just a few months. I can't fathom that we're standing idly by watching this all unfold. Please let's all agree that it's time to end ordinals.

It also sounds ridiculous to me hearing about NFT on bitcoin network, this is one of the ways some new developments could be of advantage or disadvantage when newly introduced.

Yes, you are right there. I remember 3 days ago, the transaction fee in Bitcoin increased again, reaching around 40–50 sats if you want a fast transaction, as long as the priority is the fee amount I mentioned.

Because before I knew it, the fee I made at first was only around 25 sats, and then I noticed two days later that it was still not at the destination address I put. Then I found out that the network is congested again because of the ordinals, so I canceled my transaction and then re-entered the transaction with a high fee.