Re: 'Attack on Bitcoin’ Claims Circulate as Transaction Fees Climb Higher
There's no easy way to undo ordinals at this point. You are going to need to gather enough capital and mining power involved to basically push for what would be a BTC hardfork without ordinals, and this would need to be done in a way that guarantees no future ordinals are possible, but then again, how do you this without causing another hardfork civil war, and how do you do it without getting rid of taproot? because if taproot is possible, I believe there could be ways around any restrictions put into ordinals to come up with alternatives.
It's all because of SegWit + Taproot. Without those upgrades, Bitcoin would've stayed a pure money system by now. Forks like BCH and BSV didn't need Taproot because they took a different approach for scaling (increasing the block size). They are safe from Ordinals. Now BTC developers would need to find a way to lower the fees without censoring Ordinals inscriptions. I know miners won't like this, but it's the majority that counts (users, node operators, businesses, etc). If a super majority approves a reduction on network fees, miners would have no choice but to "go with the flow".
Ordinals happened because of Segwit + Taproot? Can a developer correct me on what I'm about to post, but no ser. Ordinals would have still happened without Segwit + Taproot, and if the network didn't have Segwit, Ordinals would be embedding arbitrary data within the blocks itself, not in the structure where the witness data resides - which is prunable.
Plus merely increasing the block size at the cost of centralizing the network is not scaling.
Now BTC developers would need to find a way to lower the fees without censoring Ordinals inscriptions.
bitcoin has always censored transactions.. thats what validation rules are for!!!
its why we dont see LTC BCH BCV XRP, DOGE transactions in the bitcoin blockchain
its why we dont see double spends, dust and a whole array of other cases of transactions that didnt fit the ruleset
frankandbeans, stop gaslighting Abiky. The full nodes enforcing the network's consensus rules is NOT censorship.