I raised a topic about two days back concerning the issue of scalability and possible solution to congestion and high TX fees we get sometimes. I came across so many opinions which I believe are all from expert perspectives, but I am not still satisfied.
FYI, almost or all who reply aren't from expert. By expert, i mean someone who get paid as blockchain or Bitcoin developer or known for major contributing on Bitcoin protocol or software which utilize Bitcoin.
My Question:
1. Is this exploit done for selfish or general benefits?
2. Do you think Ordinals, Runes and BRC-20 will become a massive problem in the present and future?
3. should we focus more in resolving them or increasing block size instead?
4. What's the answer to the topic title above?
1. Short answer, yes. But IMO using OP_RETURN is tricky to be considered as exploit when it's created to store aribtiray data. Meanwhile, i consider usage of witness data, signature (on multi-sig address) and similar stuff as exploit.
2. Probably yes. I expect someone will try to rebrand those as "new" or "unique" innovation.
3. Yes. Who wants to see block size got increase only to be filled with Ordinals or other TX which aims to store arbitrary data?
4. Yes, i've seen some chart which shows majority of block filled with Ordinals (or similar ones) for some time.