Bitcoin Forum
May 11, 2024, 06:56:00 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Will the Ordinals craze cause a UAHF soon?  (Read 350 times)
Artemis3
Legendary
*
Offline Offline

Activity: 2030
Merit: 1563


CLEAN non GPL infringing code made in Rust lang


View Profile WWW
May 15, 2023, 04:00:50 PM
 #41

In other words, rejecting Ordinals transactions would bring censorship to the Blockchain. Bitcoin is decentralized and open to anyone, so why go ahead and block something you (developers) don't like? This would make BTC no different than banks. If people are not happy with the high fees, they could either make their own fork off the BTC blockchain or simply switch to an alternative chain with lower fees. The market will eventually decide the optimum network fees that will benefit both miners and users alike. Fees can't stay high forever, anyways. Things have settled a bit lately, so there should be nothing to worry about.

I've read something about Bitcoin Stamps which are even better than Ordinals inscriptions. I really hope they don't become extremely popular, or fees will go high again. No one can predict what's going to happen with Bitcoin in the future, so we can only hope for the best. Just my thoughts Grin

Censorship is about a bank rejecting money arbitrarily from some people while still accepting money from others. But in this case, you want the bank to accept cars, buildings and ships, and when they don't because they don't handle those big things directly (just money), you call it censorship.

No it is not censorship, it is Bitcoin for bitcoin. You can have your general censor resistant database elsewhere.

██████
███████
███████
████████
BRAIINS OS+|AUTOTUNING
MINING FIRMWARE
|
Increase hashrate on your Bitcoin ASICs,
improve efficiency as much as 25%, and
get 0% pool fees on Braiins Pool
1715410560
Hero Member
*
Offline Offline

Posts: 1715410560

View Profile Personal Message (Offline)

Ignore
1715410560
Reply with quote  #2

1715410560
Report to moderator
Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715410560
Hero Member
*
Offline Offline

Posts: 1715410560

View Profile Personal Message (Offline)

Ignore
1715410560
Reply with quote  #2

1715410560
Report to moderator
Abiky (OP)
Legendary
*
Offline Offline

Activity: 3192
Merit: 1362


www.Crypto.Games: Multiple coins, multiple games


View Profile
May 15, 2023, 04:20:23 PM
 #42

you do realise POOL MANAGERS take most the fee's not the asic owners(most pools share payments are the main reward not the fee element)

you do realise POOL MANAGERS can spend their own income in their own block templates(not zero confirm relay) where they give themselves a high fee(returning funds to themselves AT NO COST) but causing the crappy fee estimator of EVERYONE ELSE to be high

as for you saying if everyone else does not like it .. they should avoid asking for it to be fixed and instead use another network.. are you seriously that central point adoring that you want devs to be paid to break bitcoin by corporations that created altnets that you want them to tell devs what do do and not the decentralised userbase..
where you just want  everyone that wants a decentralised monetarian system to instead opt and move over to a crappy network that has middle men payment providers(routers)

seriously. you are reading the wrong hymn sheets and you are not thinking about whats best for bitcoin. but whats best for corporations/businesses.. which means you are the one that loves the "banking" model

Yes, I'm aware of that. Pools are the ones that get all of the profits for themselves, while individual miners are left behind in the dust. These entities won't approve a hard fork, especially when it's in their best interests to make as much money as possible from the Ordinals craze. I've realized it's best to leave Bitcoin as is if we want to keep it decentralized and open to anyone. Hard forking the chain means you're approving censorship on the Blockchain (which is something banks do with transactions they don't like or deem suspicious). And we all know that censorship harms innovation/growth in the long run. Things have settled a bit lately, so there's nothing to worry about.

In the worst case scenario, you could just switch to an altcoin with lower fees (eg: Litecoin, Tron, etc) for complete peace of mind. But you won't get the same level of decentralization and censorship-resistance Bitcoin has. Ultimately, you decide what to do with your crypto. As long as decentralization wins, nothing else matters. Wink

█████████████████████████
███████▄▄▀▀███▀▀▄▄███████
████████▄███▄████████
█████▄▄█▀▀███▀▀█▄▄█████
████▀▀██▀██████▀██▀▀████
████▄█████████████▄████
███████▀███████▀███████
████▀█████████████▀████
████▄▄██▄████▄██▄▄████
█████▀▀███▀▄████▀▀█████
████████▀███▀████████
███████▀▀▄▄███▄▄▀▀███████
█████████████████████████
.
 CRYPTOGAMES 
.
 Catch the winning spirit! 
█▄░▀███▌░▄
███▄░▀█░▐██▄
▀▀▀▀▀░░░▀▀▀▀▀
████▌░▐█████▀
████░░█████
███▌░▐███▀
███░░███
██▌░▐█▀
PROGRESSIVE
      JACKPOT      
██░░▄▄
▀▀░░████▄
▄▄▄▄██▀░░▄▄
░░░▀▀█░░▀██▄
███▄░░▀▄░█▀▀
█████░░█░░▄▄█
█████░░██████
█████░░█░░▀▀█
LOW HOUSE
         EDGE         
██▄
███░░░░░░░▄▄
█▀░░░░░░░████
█▄░░░░░░░░█▀
██▄░░░░░░▄█
███▄▄░░▄██▌
██████████
█████████▌
PREMIUM VIP
 MEMBERSHIP 
DICE   ROULETTE   BLACKJACK   KENO   MINESWEEPER   VIDEO POKER   PLINKO   SLOT   LOTTERY
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!