Quote from: Wind_FURY on December 30, 2023, 05:37:53 PM

Quote from: pooya87 on December 30, 2023, 01:52:24 PM

Quote from: joker_josue on December 30, 2023, 09:30:30 AM

Quote from: pooya87 on December 30, 2023, 04:44:58 AM

Quote from: joker_josue on December 29, 2023, 08:04:09 AM

Will we soon have a new Bitcoin fork, Ordinalcoin?

It would be pointless.

I was thinking something more similar to Namecoin, with merged mining where it ends up being Bitcoin mining that guarantees security for the entire ecosystem.
Let's say it would be a blockchain suitable for Ordinals, but that worked with the same mining and rhythm as Bitcoin. Bitcoin being the working basis and its protective force.

That IS how they should have done it if they wanted to actually create tokens and explore extra smart contract capabilities but that is not their goal. BTW I summarized this method and its advantages in your other topic. Let me quote it here:

Quote from: pooya87 on December 26, 2023, 06:36:30 AM

As long as we are talking about other ideas the solution to Ordinals Attack is simple too. Create a side-chain and call it "Bitcoin Ordinals Chain", merge mine it with bitcoin blocks so that you can use the high bitcoin hashrate and enjoy its security and at the same time provide an additional revenue for miners that find those other blocks. That hits multiple birds with one stone by addressing all the things people discuss regarding this attack!

1) It will reduce bitcoin tx fees as the spam would stop
2) Nothing would be "censored" as some users love to call it
3) Miners revenue would increase which is another false argument some users use to justify this attack
4) The scam called Ordinals will still use the "bitcoin" name so it can continue ripping idiots off
5) It is a completely separate chain/network so it can have its own consensus rules and it means the said transactions would become NFTs for real as opposed to now that they are arbitrary data
6) Being a separate chain means it is not going to be limited by Bitcoin limits (block size, script/smart contract limitations, etc.)

They will never do this though because of a simple reason: they never wanted to create a smart contract platform. They just wanted to attack Bitcoin and make it increasingly harder for real bitcoin users from using this decentralized payment system...

THAT might actually be a good, feasible solution if that gets community consensus. Plus the block reward for that sidechain could also have infinite supply to continue incentivizing miners for network security, WHICH will also solve the theoretical problem/question "How will the miners be incentivized for their work if fees alone couldn't support them".

Shower thought. Although it might be a good idea to bring all Ordinals/BRC-20/NFT inscriptions/transactions to "Ordinal Chain", wouldn't the scheme break the incentive structure? Plus if all the coins are mined, wouldn't that make the miners to value the Ordinal Chain more if its block rewards are higher?

It's probably better to implement an off-chain layer on top that will have little effect on the functions/operation of the Bitcoin network?

¯\_(ツ)_/¯