Ordinals/BRC-20 Tokens

[TastyChillySauce00]

Luke Dashjr, a leading Bitcoin code contributor on Github, emailed other Bitcoin developers and miners asking them to implement "spam filtration" as a part of Taproot transactions to block Ordinals and BRC-20 tokens.

https://decrypt.co/139576/bitcoin-developer-calls-block-ordinals-brc-20-tokens-network/

It was very nice to see bitcoin developers have been calling to block ordinals. I really happy if that will come true. Bitcoin shall be only focused in the store of value and decentralized payment system only. Im really supporting btc developers to block ordinals.

It's very good news for all of active bitcoin users. Ordinals is just another BS. It's only spamming network.

[vv181]

I just hope these Ordinals/BRC-20 are built to last

In order to have lasting longevity the protocol should be sound and clear, in that way, the ecosystem and any underlying system that uses the protocol are having a strong foundation. Unfortunately, Ordinals which open up any opportunities on inscription files are flawed at its finest. Specifically for BRC-20, the developer itself stated clearly that is a mere experiment and reiterate there is a better platform to build this kind of thing, like Taro.

Having said that, the chances Ordinal going to last are slim, there is a lack of practical benefit, and instead, it challenges the community to scrutinise the development process of Bitcoin itself.

[siniminomorocomunisakito]

BRC-20 has introduced innovative features to the Bitcoin ecosystem. By enabling the storage and sharing of inscriptions via the blockchain, I think, this standard opens up new possibilities for the use of cryptocurrencies beyond the mere storage of numerical values, but in general there are still potential drawbacks of cryptocurrency protocols or tokens such as scalability issues, security vulnerabilities, lack of adoption or acceptance mainstream, and potential regulatory challenges.

[ahoenk]

my perspective to BRC-20
the goods :
- bitcoin blockchain more use full
- bitcoin blockchain have another use case except then transfer of value
- it could lure the ethereum guy to do almost same thing in the ethereum
- it beteer then NFT on ethereum because it is onchain


the bad thing :
- the bitcoin blockcahin can easily clog when there is one good project wich want to make their BRC20 token
- when the bitcoin blockcahin clogged it could spike the block fees and it is not good for retail investor / people who did day to day transaction in bitcoin like in el-salvador

we need to found a new way to make block fees cheaper.