Post
Topic
Board Bitcoin Discussion
Re: Finally Bitcoin Devolpers planning to kill Ordinals and Inscription
by
Abiky
on 10/12/2023, 17:41:51 UTC
I really hope that the guys who are fighting against the Ordinals will succeed. Because this is a real problem! As you correctly wrote - many managers pay an additional commission to send out weekly rewards, some campaigns are closed - and all this is because of the stupid Ordinals.
I, like many crypto enthusiasts, love to trade Bitcoin and in order to transfer Bitcoin from my wallet to the exchange I had to pay 60 dollars! And there are no ways to get around this because swaps inside wallets do not work, and lightning and transaction accelerators cannot solve the problem. In general, as soon as the Ordinals are finished, it will be a big celebration.

I know high fees are a real problem. But there's nothing we can do about it, other than wait until the hype is over. Siding with developers to help reject/block Ordinals transactions would be nothing more than pure censorship. If you want to save money on fees, I'd suggest you choose a time when network congestion is low. Usually during the weekends early in the morning. I've paid around $2 -$3 in fees doing this.

The Lightning Network promises cheaper and faster payments, but still requires you to pay on-chain fees to open or close a channel. Besides that, the network is still experimental (full of bugs). As a last resort, you can switch to an altcoin with lower network congestion to save big on fees (Solana, Litecoin, Dogecoin, etc). I'm hopeful the community will find a solution to make Bitcoin great again. As long as it stays decentralized and censorship-resistant, nothing else matters. Smiley