Post
Topic
Board Bitcoin Discussion
Re: Do Ordinals and Runes help Bitcoin to be a better system of electronic cash?
by
Casdinyard
on 01/04/2024, 15:27:49 UTC
We all know that these additions to Bitcoin Core have slowed down transactions and made transactions more expensive.

What is the justification for them?

Why are they being added when they make the network less efficient?

Just to reiterate what the people before me have already stated, these "additions" aren't included to the bitcoin core, and hence are not part of its main protocol, these are added features/perks which personally speaking, are made to just limit test bitcoin and nothing else.

All this time bitcoin was only good at one thing and people never dared to explore the implications of let's say, having more features than it being an electronic cash system. Ordinals, although unhealthily, challenged that notion by introducing the NFT narrative to the equation and we since then realized that because of the limitations, mainly the block size, we can't really reliably support other forms of crypto product in the bitcoin network, as compared to versatile protocols like Ethereum and Solana.

So yeah, it didn't contribute anything towards bitcoin's standing as a P2P payment system, it tried to break the mold, but that turned out horribly wrong, and as of now our eyes are opened to the fact that unless we work on bitcoin's scalability issues first, we're not going to get anywhere.