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So what are we going to do about the BRC20/Ordinals pink elephant in the room?

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by COINS NEWS 111 Views

This is a direct attack on Bitcoin. One of the "flaws" of bitcoin is that the blocksize and thus the usage of the network is limited. It was never a problem because bad actors who would spam the network (looking at you CW) would run out of money to send useless transactions.

The problem now is that there is value for the BRC20 ecosystem to spam the bitcoin network, and the real risk here is that it will become a bigger problem every day and there are only 2 real ways to stop it:

1 Let the market solve it. At some point the network will be so congested that the BRC20 system does not work anymore and hype will die down, but that means that no one else can use bitcoin too.

2 interfere. A change in the bitcoin code to make Ordinal theory impossible, but this would create similar drama as the blocksize debate in 2016 I think.

Both options are not ideal, but I dont see any other options?

The whole situation worries me a lot because this is a flaw in bitcoins design and a real problem.

submitted by /u/randomhotguy35
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