Post
Topic
Board Development & Technical Discussion
Re: (Ordinals) BRC-20 needs to be removed
by
cryptosize
on 31/12/2023, 02:20:01 UTC
This is a good idea, but WHO would want to attack Bitcoin?

IMHO, it's most likely Davos (WEF & BlackRock)...


The only reason Ordinals is ever described as an aTtACk!!! is to trigger maxis tryhards into crying about it being an attack... It amuses the ordinals enjoooyors, and a few of you have swallowed their bait, hook, line and sinker.

The reality is there is no attack on bitcoin; bitcoin continues to do its thing exactly the way it should. It gives zero fucks about what you think it should be doing. You're left with 3 choices:

1) Soldier on with the way things are.
2) Innovate.
3) Keep crying.
Funny how you decided to omit the bold part, huh?

IMHO, it's most likely Davos (WEF & BlackRock)... they want less people making on-chain TX and way more KYC (no more privacy). Wink
Here's the whole link:

Welcome to 2030. I own nothing, have no privacy, and life has never been better

https://medium.com/world-economic-forum/welcome-to-2030-i-own-nothing-have-no-privacy-and-life-has-never-been-better-ee2eed62f710

Exchanges already charge exorbitant fees for withdrawing BTC (Binance -> $32), so people will feel inclined to keep their BTC on exchanges.

The "Not your keys, not your coins" mantra will soon become a thing of the past, especially for people who do DCA.

I reckon BlackRock will become even bigger than Binance, it will be the go-to place to buy BTC in 2024-2025.

Perhaps BTC will jump to 1 million USD, but nobody will make on-chain transactions anymore, except BlackRock and a few more big institutions... is that a win?

ps: Nobody has answered why this craze/FUD keeps going on for over 2 months. Only someone with a sizeable BTC stash should be able to fund it.

I remember people saying this wouldn't last too long, because it's expensive to keep making Ordinal transactions... and yet, here we are 2+ months later on.

If I were BlackRock, I would try to do the same. 51% attack is too costly to perform (you need to manufacture/buy tons of ASICs), so the next best thing is to clog the network with BRC-20.