The severity of the Ordinals Attack is increasing

[be.open]

Let's be realistic, even if your initiative is implemented in the form of a new version of the bitcoin core, we will not be able to reach a consensus in voting for its implementation, given that the current situation is beneficial for miners.

FYI they were saying the same thing back in 2017 that the spam attack is benefiting miners and they will never accept the soft fork and they will continue spamming to keep the fees up. We know what happened after that...

Yes, I remember this muddy story with voting for Segwit. This seems to have been accompanied by a deep internal rift within the bitcoin community, a large part of which opposed any change. Then there was an equally deep disappointment among the miners, deceived by the fact that there was no increase in the block size, although this is in conjunction with the adoption of Segwit. This was soon followed by the bitcoin cash story and the hashrate war. Do you really want to repeat this success?

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[thecodebear]

Bitcoin is clearly a peer-to-peer system of digital cash as perceived by its creator;

No, it's not.

ummmm what?!?!?!

Who in their right mind would say Bitcoin isn't a peer-to-peer digital cash? That is literally what it is. Everyone knows that.



Anyway, I agree with the people who say Bitcoin is not a file storage system. It was never meant to be used for something like ordinals and the fact that taproot had this unintended exploit only means that we need a fix. We need an update to not allow this sort of spam to take over the blockchain. Honestly this should be very high priority and should be something that gets fixed and implemented fairly soon, like definitely before the halving.

Bitcoin is for moving money, not storing useless image data. Just because Bitcoin is decentralized doesn't mean the community must allow this sort of spam to continue just because a protocol update accidentally allowed this to happen. Let's get another protocol update in the near future to fix this attack vector.

[Volgastallion]

The main problem its not matter what the thing is, BTC ETH, GOLD, FOOD, SEX, ETC, WE CANT FIGHT AGAINST the stupidity and greed from some people.

Their are gonna pay $ 100 for a transaccion with the only willing to be rich from evening to morning, its pure greed and gambling, its like buy a lottery ticket in a more sofisticated way for them.

Their brain works in that way, and most of the people in the world sadly have that think, they only re think when the scam explode, but they dont really care they only run again to seek the next one.

The greed and the dream of being rich from one day to another its more powerfull than anything.

[Artemis3]

Like i have been warning since February, this is different because they found a sustainable way to attack Bitcoin. That the spam is actually profitable or not is wishful thinking, once demonstrated there are actors willing to spend money to spam Bitcoin for their own interest in having Bitcoin hurt as a project.

And besides this is how the mempool is looking like now:

[witcher_sense]

FYI they were saying the same thing back in 2017 that the spam attack is benefiting miners and they will never accept the soft fork and they will continue spamming to keep the fees up. We know what happened after that...

History does repeat itself, this ordinal attack is again being conducted or sponsored by big block supporters (BCH, BSV scammers):

[goldkingcoiner]

Bitcoin is clearly a peer-to-peer system of digital cash as perceived by its creator;

No, it's not. It was conceived this way by its creator, but the number of people buying Bitcoin in centralized exchanges, even leaving them there, and the number of people using custodial wallets is far from the initial idea. I don't think Satoshi had in his mind people paying massive capital gains tax on their Bitcoin sales either, since you don't pay taxes for using cash.

I think its part of his vision. Give the people the freedom to do as they like. If they want to do something stupid like leaving their Bitcoin in someone else's hands, thats fine. They have the freedom to do so and once they lose their money, they will serve as an example to future Bitcoiners not to do the same.

The whole Ordinals "attack"? A lucrative reward for the miners.

It will not last because it is not only a nuisance to Bitcoiners, but simply unsustainable and pseudo-decentralised. It is still on a secondary market because Bitcoin has no DeFi protocols. So obviously the launderers will soon hit a wall of regulations and government barriers. There are only so many idiots who are willing to throw their money away for Bitcoin NFTs / Memecoins. Its just a fad and it will disappear. Like ICOs.

And all the poor saps who bought the memecoin scams will be left stuck, sitting on them.

[Artemis3]

Yup, wishful thinking. Maybe it won't technically "last", but it could easily take years until they run out of funds to spam, and that's all they need...

[Wapfika]

Yup, wishful thinking. Maybe it won't technically "last", but it could easily take years until they run out of funds to spam, and that's all they need...

The fee is increasing in an alarming level, it was already doubled the last time I check this morning. I doubt they can keep up this kind of spamming to the Bitcoin network on a fee that increases exponentially. A month or 2 is already enough to stop this bullshit because NFT is proven worthless on Ethereum. People is just buying this shit out of desperation for a hype profit.

We might see the fee increase to 100$ and I hope this will stop all the bullshit unless they are willing make the miners pocket overflow with unreasonable fee.

I’m afraid that this might be the start of shit scam modus like DeFi on Bitcoin because I saw some project developing an L2 for Bitcoin that main purpose is to bring DeFi here.

https://www.mintlayer.org/en/

[Artemis3]

Of course, its a repeat of much of what caused Ethereum collapse, since everyone and their dog uses that blockchain for whatever, and some people want the same for Bitcoin. Maybe they want to make money with "bridges", parallel blockchains, altcoins, etc, etc.

[be.open]

Yup, wishful thinking. Maybe it won't technically "last", but it could easily take years until they run out of funds to spam, and that's all they need...

Breathe deeply, you are excited.

There is fixed, limited block space and variable demand for that block space. You may not like how that block space is being used but if transactions are consensus compatible and paying fees at the market rate the system is working how it should.

link

[Ucy]

This is part of the consequences of blocksize increase.

 Blockchain is designed specifically for paper-light data weighed according to their mass. But Fool said let us include iron, diamond, zinc, brass, and other heavy metals , which tend to have higher mass compared to their paper equivalents. This will actually increase the weight of the data, and lessen the number of "papers" that can be added to a Block/Container.
Well, fools who care more about money/fees would focus more on accepting the metals even though they are not supposed to be included, while ignoring the feeless papers which actually are the proper part of the Bitcoin Network... or are the proper assets for the network. If this game is from the enemy, he could win easily just by merely dangling the carrots to fools.

The community should work more on preventing heavy data on  Bitcoin Blockchain. Let the Blockchain be used for what it was designed for. They could build something else for the so called ordinals, ontop/within the Bitcoin System/Network

[darkangel11]

The main problem its not matter what the thing is, BTC ETH, GOLD, FOOD, SEX, ETC, WE CANT FIGHT AGAINST the stupidity and greed from some people.

Their are gonna pay $ 100 for a transaccion with the only willing to be rich from evening to morning, its pure greed and gambling, its like buy a lottery ticket in a more sofisticated way for them.

Their brain works in that way, and most of the people in the world sadly have that think, they only re think when the scam explode, but they dont really care they only run again to seek the next one.

The greed and the dream of being rich from one day to another its more powerfull than anything.

Bitcoin went through so much that this isn't going to break it. Idiots paying high fees for nothing will lose.
Think about this for a moment. Who's going to be the winner here in the long run? Is it going to be someone who paid $0.000004 for a worthless token just because it used to be worth 50% less a day ago? Is it going to be someone who pays $100 BTC tx fee because they need an instant transaction and can't wait an hour?

The winners will be bitcoin miners and scammers who made scam tokens. Holders will hold, traders will trade, shitcoin investors will be left with shit.

[DaveF]

I'm in the this too shall pass mode of thinking.
Sooner or later all the ordinal people are going to give up and move on to the next big thing.

No idea what it will be, hopefully it will not involve the BTC blockchain. But if it does, sooner or later that next thing will give way too.

Altcoin boom & bust
ICO boom & bust
IEO boom & bust
Bitcoin forks boom & bust
NFT boom & bust
and so on.

So things are going to get funky for a while, so be it. It sucks but it will help cull the weaker players.

-Dave

[Artemis3]

The community should work more on preventing heavy data on  Bitcoin Blockchain. Let the Blockchain be used for what it was designed for. They could build something else for the so called ordinals, ontop/within the Bitcoin System/Network

Well at least we have this, time to spread the word:

Ordisrespector

This fork should at least alleviate kicking the spam out of our nodes.

[Volgastallion]

Like i have been warning since February, this is different because they found a sustainable way to attack Bitcoin. That the spam is actually profitable or not is wishful thinking, once demonstrated there are actors willing to spend money to spam Bitcoin for their own interest in having Bitcoin hurt as a project.

And besides this is how the mempool is looking like now:

Well, i fully agree with you on this. But here and in the whole BTC community like in life, we have a lot of people who sin innocent , and think, no man that its only conspirancy, or why a guy its gonna put money to destroy btc?. But YES this exist no matter if you deny or believe that.

We need to prevent this not only for bad ussage but in the near future to no suffer a real direct attack over BTC.

Imagine this situation:

- FED needs to implement CBDC.
- For that they need to destroy BTC.
- So they put millions of dollars in a operation to spam and destroy the function of the BTC blockchain.

ITs not so difficult, and you can blame like now..... " oohhh yes its cryptomeme fault guys""

This its only an example but you can change the subjetc for whatever you want.

Disclaimer: Im not saying this its what its happen right now, but its a possibilitie in the near future, so like the wise said " Prevention is better than cure "

[coolcoinz]

I'm in the this too shall pass mode of thinking.
Sooner or later all the ordinal people are going to give up and move on to the next big thing.

No idea what it will be, hopefully it will not involve the BTC blockchain. But if it does, sooner or later that next thing will give way too.

Altcoin boom & bust
ICO boom & bust
IEO boom & bust
Bitcoin forks boom & bust
NFT boom & bust
and so on.

So things are going to get funky for a while, so be it. It sucks but it will help cull the weaker players.

-Dave

I have the same attitude towards this.
After all, we're either in or out. I'm in all the way. I had many occasions to be scared, like when China was banning bitcoin, or when LUNA and FTX were crashing the price. I don't feel like we're in a worse situation now, so I'm in. Can I do anything about the network spam? No, I can't, so I'll wait it out. Sooner or later these spammers will run out of money. I can wait a year, can they keep this up until halving? I doubt it.

- FED needs to implement CBDC.
- For that they need to destroy BTC.
- So they put millions of dollars in a operation to spam and destroy the function of the BTC blockchain.

So FED is spamming the network with NFTs... yea, right.

[lionheart78]

If only I have the power, I would kick this BRC20 to the trash and forbid it to be included on the Bitcoin network or be accepted by Bitcoin nodes.  But well, I am just an affected user so all I have to do is hold my horses and deal with my own stress, hoping that the developers will act very soon before users like us look for an alternative again.

I would not want to see years of efforts of Bitcoin promoters and evangelists go to waste just because of the greed of a small group of people exploiting and attacking the Bitcoin network.  So hopefully, Bitcoin developers will take this issue as an emergency and lay a fix on the current situation by keeping this BRC20 transaction out of the Bitcoin network and address any possible exploit on the Bitcoin Ordinals if it is really not the one creating the mishaps.

[Bigpiggy01]

"This too shall pass!" to quote Neel Kolhatkar.

The only real similar precedent for this was the Satoshi dice spam, which was one of the driving reasons for tx older than 120 confirms no longer being fee free being dropped as a concept. There was a very clear distinction between fee paying and non fee paying SatoshiDice tx with the non fee paying ones clearly being spam imo.

This might take a while longer though and could possibly lead to more lightning adoption and/or larger blocks. What really surprises me about this is that it wasn't preempted people have been dumping random crap onto the chain for ages, 2010 dickpics etc etc etc.

However, some form of resolution of this needs to happen fairly quickly or Bitcoin will loose the ground it has gained in El Salvador and much of the rest of Latin America where current fee levels are completely unsustainable for people using BTC as part of their daily lives.

Personally I would like to see the lightning peeps get their fingers out and get better ATM and POS support for less, this will mitigate some of the issues though not fix all of them. There are a bunch of older BIPs that might also potentially be of use for finding a more elegant long term solution.

[dragonvslinux]

This talk of "fixing the protocol" sounds very much like 2017. I remember the forks that happened then that apparently "fixed the protocol" but wasn't very popular was it.

As I've said numerous times this will only encourage the usage of L2 which until now didn't have much reason for existence, fortunately now they do. Eventually the likes of BRC20 will end up on L2 as well, so only necessary payments will be on the settlement layer. Also kinda bored of people describing this as an attack on Bitcoin when people are using the protocol in the correct manner (following the rules).

Sure I'm waiting to make a transaction myself, but when I started using Bitcoin I knew what I was getting into: an experimental technology. Welcome to the experiment, please try to embrace it.

[Sarah Azhari]

So who hates Bitcoins today?,

We all know  that in 2017, Roger ver or MemoryDealers and friends try to attack Bitcoin blockchain such as today, they seek to tell the world if the size of the Bitcoin blockchain is small and can't accommodate the transactions.

So if someone (maybe altcoin enthusiastic) tries to do the same thing in 2017, that is possibly the same person (or community).

From today we have to watch carefully also Craig Wright, Roger Ver, and their friend. Those communities still mining Bitcoin, right? maybe they did this for profit purposes, and simultaneously drop the prestige of bitcoin.