Post
Topic
Board Bitcoin Discussion
Re: 'Attack on Bitcoin’ Claims Circulate as Transaction Fees Climb Higher
by
pooya87
on 26/01/2024, 06:01:39 UTC
The biggest challenge in attacks like Ordinals is that majority of the participants in the attack don't know what they're doing. You can see that clearly in this post:
https://bitcointalk.org/index.php?topic=5481797.0

They all fall for the scam and think they can make a buck by participating in a hype. Most of them have no idea what they're doing, nor do they know what bitcoin is and how it works!
You can see here how one person is the reason for "tens of thousands" of spam transactions contributing to the ongoing Ordinals Attack and even they are facing the consequences of the attack with their lack of understanding of Bitcoin protocol (ie. lots of dust transactions that would cost more to spend that he made).

Let me quote myself again:
The main characteristic of a successful malicious attack on bitcoin is to get the bitcoin users to do it not yourself. Remember the nonsense called "stress test" years ago? It wasn't just one silly company spamming the network. They got bitcoiners to spam too by funding loads of addresses with small amounts then publishing their private keys. The result was nodes that were flooded by double spends and the mempool that was flooded with spam transactions that didn't come from a single attacker.
In that scenario CoinWallet was the origin of the attack but wasn't the lone attacker.

That is the main principle that the Ordinals Attack is using too. It is not one entity that performs the attack but they have fooled loads of people to participate in it by creating the parallel scam market and the tools to perform the attack.
In this scenario Casey Rodarmor, Unisat, etc. is the origin of the attack but aren't the lone attackers.

The principle is commonly used in color revolutions, which I dare say is what's been happening to Bitcoin. One of the signs is seeing old bitcoiners defending this exploit of the protocol in the name of Bitcoin principles such as censorship resistance!