Time to roll-back Ordinals?

[larry_vw_1955]

wow guys this thread really devolved in to alot of bickering and drama.  kind of like it always does when ordinals is being discussed.

[1714616583]

1714616583

[nutildah]

wow guys this thread really devolved in to alot of bickering and drama.   kind of like it always does when ordinals is being discussed.

TBH I've put franknbeans on ignore; that way I'm not tempted to respond to him, even though I still end up talking about him   it is indeed a minor shame

Dozens - perhaps even hundreds - of threads have been derailed by him over the years. Whenever he posts, discussion usually devolves back to the same tired blocksize debate and completely away from the topic at hand.

To get things back on topic, fees are totally fricken out of control at the moment, JFC.

[philipma1957]

wow guys this thread really devolved in to alot of bickering and drama.   kind of like it always does when ordinals is being discussed.

TBH I've put franknbeans on ignore; that way I'm not tempted to respond to him, even though I still end up talking about him   it is indeed a minor shame

Dozens - perhaps even hundreds - of threads have been derailed by him over the years. Whenever he posts, discussion usually devolves back to the same tired blocksize debate and completely away from the topic at hand.

To get things back on topic, fees are totally fricken out of control at the moment, JFC.

well at least I am getting some bigger fees. I think the high fee issue is never going away.

I will just repeat over and over.

[larry_vw_1955]

TBH I've put franknbeans on ignore;
that way I'm not tempted to respond to him, even though I still end up talking about him   it is indeed a minor shame

Dozens - perhaps even hundreds - of threads have been derailed by him over the years. Whenever he posts, discussion usually devolves back to the same tired blocksize debate and completely away from the topic at hand.

well he's got his own strong opinions about ordinals so i say let him have them. it's not hurting me but if i was trying to send bitcoin it surely would be hurting me. high fees that is. i don't know what's causing them but you think monkeys? 

To get things back on topic, fees are totally fricken out of control at the moment, JFC.

how many us dollars is that? i'm lazy today.

[nutildah]

I think the high fee issue is never going away.

It may never go away completely, but it won't always be this bad, and mark my words: degens won't always be this interested in ordinals/inscriptions. They will move on to something else once the easy money to milk has dried up. Because that's what degens do: move from racket to racket.

i don't know what's causing them but you think monkeys?  

Haha no. It is 99.9% BRC20 inscriptions. The real entity to blame now is Binance since they started listing $ORDI token.

how many us dollars is that? i'm lazy today.

Well, this is what one of my wallets currently recommends for a "high priority" fee:



not cool, unless your philipma1957, I suppose.

[larry_vw_1955]

Haha no. It is 99.9% BRC20 inscriptions. The real entity to blame now is Binance since they started listing $ORDI token.

oh ok. well then the monkeys kind of faded away. like you said scammers move on to a new racket the problem is if that racket is still on the bitcoin blockchain the fees won't get any relief! but i heard kevin olearly is talking about some new exchange that's supposed to take away a bunch of business from binance. maybe that will help some but who knows. 

Well, this is what one of my wallets currently recommends for a "high priority" fee:

wow thats not cool at all. going broke just to send someone some money. no thanks.

[pooya87]

You see in Bitcoin, preventing abuse has always been about making it harder not impossible.

Then maybe it's time to propose change. Perhaps start off this forum, talk about it in Bitcoin Core's github, and if you see recognition submit a BIP. One thing's for sure. You are not going to change anything if you continue calling it "Ordinal attack" in an Internet board.

"An internet board" is just as important as anywhere else, after all Bitcoin network is run by regular users not by devs. First people have to realize what Ordinals is then we can move on to making a change. So many users still think they are creating a token with this exploit!
Not to mention that I'm already doing that elsewhere too and am already rejecting these malicious transactions myself.

[NotATether]

i don't know what's causing them but you think monkeys?  

Haha no. It is 99.9% BRC20 inscriptions. The real entity to blame now is Binance since they started listing $ORDI token.

What is Binance getting from listing a BRC-20 pseudo-token? Oh yeah, trading fees.

Well I cannot say I am surprised. This company has done shadier things such as wanting to reverse a block using a 51% attack in order to recover money from one of their hacks.

Binance treats the mempool like it's a giant public restroom.

[d5000]

I'm curious if $ORDI beats its ATH from May 08 ($28.52). It's quite close (now slightly below $27, but the last local high is around $27.50). If yes, then I almost feel my whole effort to keep people away from that BRC-20 bullshit was in vain, . (And we can expect a couple of days more with record fees.)

Small hope: Currently it's falling a tiny bit. But it already fell several times in the last weeks and always recovered.

I know $ORDI isn't the main reason for the current congestion. But it seems to be a "thermometer" of Ordinals attractivity - if its price is high, then lots of people will try to get rich minting some new token. At least there was some correlation in the last weeks between the $ORDI price tendency and blockchain congestion.

[Wind_FURY]

It's the same during the scaling debate, you spread misinformation. It will be the same in other debates and current "issues". The smart people only need to look at your trust-rating.

the trust rating is meaningless because those commenting are the ones your forum-family instigated to the moderators.. your family caused it so again your trolling you are trying to use as proof. when its jsut your own forum-family trolling to pretend your right

I definitely believe not with your negative trust-rating, ser. gmaxwell and achow101, both who are truly respected, honest, and trustworthy Bitcoin Core Developers wrote those NEGATIVE comments and it would be your word against their words. I DEFINITELY trust their words against yours after you and Jonald_Fyookball were misinforming the newbies of BitcoinTalk during 2016 - 2017. Some of us believed you and trusted you, and actually thought that following Roger Ver towards big blocks was the "answer" for the Scaling Debate. But upon DYOR, I learned the HARD WAY. You were lying, spreading misinformation/FUD, and gaslighting.

YOUR small family cried to moderators.. your family created the drama. because my opinions were different to the core roadmap sponsored plan

But that doesn't change the fact that you are merely a FUDster, who spreads disinformation, and a gaslighter. Because why would our fellow users report you to the moderators, and why would two if the MOST TRUSTWORTHY Bitcoin Core Developers give you a negative trust-rating.

i never followed ver..

But you were always a big blocker though, and that's a FACT. We have debated many times before.

¯\_(ツ)_/¯

you are definitely singing your forum-familys hymn sheet. too obvious

First it was a forum wife and now a forum family? WTF dude???

Clearly he's referencing DooMAD, Wind_FURY and their lovechild, BlackHatCoiner. They act as a mafia to suppress research and critical thinking in favor of promoting the Blockstream agenda where we are all ruled by faulty, NWO-esque subnetworks and Layer 2's.

That's unfair.

it is fair.. but if you dont like being associated in "the family" stop just being a blind sheep copying their antics and pretending that repeating their mantra is "research"

 

It's unfair for him to post that because those users debating against you are merely calling out your bullshit, and NOT trying to surpress research and critical thinking.

wow guys this thread really devolved in to alot of bickering and drama.   kind of like it always does when ordinals is being discussed.

TBH I've put franknbeans on ignore; that way I'm not tempted to respond to him, even though I still end up talking about him   it is indeed a minor shame

Dozens - perhaps even hundreds - of threads have been derailed by him over the years. Whenever he posts, discussion usually devolves back to the same tired blocksize debate and completely away from the topic at hand.

To get things back on topic, fees are totally fricken out of control at the moment, JFC.

well at least I am getting some bigger fees. I think the high fee issue is never going away.

I will just repeat over and over.

But ser, from a more objective viewpoint, is this good or is this not good for the network?

[NotATether]

I'm curious if $ORDI beats its ATH from May 08 ($28.52). It's quite close (now slightly below $27, but the last local high is around $27.50). If yes, then I almost feel my whole effort to keep people away from that BRC-20 bullshit was in vain, . (And we can expect a couple of days more with record fees.)

So your effort was in vain because $ORDI might breach its ATH for a few days and then go back to earth?  

Nearly all tokens (that are not stablecoins) follow a very familiar pattern: They launch, then one day the hype becomes unreal and some people get rich, but within a few months or years comes crashing down like a house of cards, into negative profit territory, and stay there, because everyone has moved on to the next token.

[franky1]

So your effort was in vain because $ORDI might breach its ATH for a few days and then go back to earth?  

Nearly all tokens (that are not stablecoins) follow a very familiar pattern: They launch, then one day the hype becomes unreal and some people get rich, but within a few months or years comes crashing down like a house of cards, into negative profit territory, and stay there, because everyone has moved on to the next token.

more specifically
the junk creators suddenly go "promotional viral" and get to scam victims in fomo pumps/ITO (initial ticker offering).. but then the victims cant resell to break even later, because everyone wises up to the scam and no one wants to buy
the creators dont care because they profit at the pump. and they are washing their hands of it. using their scammed proceeds to fund the next scheme 'ticker' of the same junk

[BlackHatCoiner]

"An internet board" is just as important as anywhere else, after all Bitcoin network is run by regular users not by devs.

I agree, but it has to made more officially. Currently, there are two groups of people, those that want to completely invalidate Ordinals, and those that treat them as regular transactions. Maybe there's another group of people who don't want to censor Ordinals, but simply disincentivize their usage (i.e., making certain taproot tx non-standard). At the moment, I only observe a sort of intense disagreement, but nobody seems to really care much to propose change.

[franky1]

"An internet board" is just as important as anywhere else, after all Bitcoin network is run by regular users not by devs.

I agree, but it has to made more officially. Currently, there are two groups of people, those that want to completely invalidate Ordinals, and those that treat them as regular transactions. Maybe there's another group of people who don't want to censor Ordinals, but simply disincentivize their usage (i.e., making certain taproot tx non-standard). At the moment, I only observe a sort of intense disagreement, but nobody seems to really care much to propose change.

i had two solutions to appease different groups

a. shorten the bytelength limit and put conditions on all active opcodes requiring expectant content (thus ban junk)
b. put a base fee multiplier on transactions using certain opcodes (penalise only junk)

[nutildah]

What is Binance getting from listing a BRC-20 pseudo-token? Oh yeah, trading fees.

They are tokens. "Colored coins" are/were considered tokens, and nobody has a problem with the nomenclature as applied to them. This is essentially what ordinals are.

I'm curious if $ORDI beats its ATH from May 08 ($28.52). It's quite close (now slightly below $27, but the last local high is around $27.50). If yes, then I almost feel my whole effort to keep people away from that BRC-20 bullshit was in vain, . (And we can expect a couple of days more with record fees.)

It's a noble cause, but none of the people trading BRC-20 read the forum. TBH most people wouldn't read it -- its largely dominated by unintelligent shitposts. Nobody that isn't already here is going to sift through all the garbage to find the occasional nugget of interesting information. Outsiders looking to get educated only visit the forum when they want to read posts written by satoshi, Hal, Vitalik, and a handful of others.

[franky1]

What is Binance getting from listing a BRC-20 pseudo-token? Oh yeah, trading fees.

They are tokens. "Colored coins" are/were considered tokens, and nobody has a problem with the nomenclature as applied to them. This is essentially what ordinals are.

did you even read your own link YOU use to claim definition approval??

Bitcoin's scripting language allows to store small amounts of metadata on the blockchain, which can be used to represent asset manipulation instructions
..
For example, we can encode in a Bitcoin transaction that 100 units of a new asset were issued and are now credited to a given bitcoin address.

because the funny thing is, and its something i keep telling you about, involving how its not a proof of transfer system.. is that the BRC and meme junk sits in the meta data(witness script), basically appended to the end of a transactions.. but no where inside that metadata does BRC/junk instruct that it belongs to a certain output, there is no instruction in the data locking a linkage to specific output in the transaction data, to then become immutable when inside a block

instead the PRESUMPTION of output is declared in just the GUI display of not widely used wallet software. which the ordinals creators can alter at any time, even after junk included transactions are confirmed, they can change their wallet presumptions and change ownership claims.. thus.. its not proof of transfer if the ownership can change without breaking the immutable data

get it yet

It's a noble cause, but none of the people trading BRC-20 read the forum. TBH most people wouldn't read it -- its largely dominated by unintelligent shitposts. Nobody that isn't already here is going to sift through all the garbage to find the occasional nugget of interesting information. Outsiders looking to get educated only visit the forum when they want to read posts written by satoshi, Hal, Vitalik, and a handful of others.

scammers usually recruit victims by telling them to join and only trust the content in their slacks/discord/telegram groups, pretending forums are just junk and only to believe promotions publicised in the scammers community group.. yea we understand your mindset..

[Wind_FURY]

Ordinals and tokens might continue to exist "in the blockchain" longer than expected. Udi Wertheimer and Eric Wall, developers of "Taproot Wizards", were given $7,500,000 to "bring magic back to Bitcoin".



I believe with that money, they should hire developers to find solutions and make Bitcoin more efficient with the features they want, and they should definitely take their dick pics and fart sounds off-chain.

[franky1]

i see it as $7.5m will be wasted on 300,000tx of $25 fee to scam people into paying more then $100 per junk, to hope to keep their reserves full to keep the scam flowing

[d5000]

So your effort was in vain because $ORDI might breach its ATH for a few days and then go back to earth?  

Nearly all tokens (that are not stablecoins) follow a very familiar pattern: They launch, then one day the hype becomes unreal and some people get rich, but within a few months or years comes crashing down like a house of cards, into negative profit territory, and stay there, because everyone has moved on to the next token.

The Binance hype has driven ORDI to a second pronounced high after the "launch hype". Generally that occurs with coins of a certain quality, but ORDI is exactly the contrary, it's among the "worst of the worst" (ok, it's not an outright scam because nobody promises anything about its value, but very close). Although for now (it just crashed 8% compared to BTC) it seems it hasn't reached its old ATH.

By the way, it seems congestion is going down a bit now. Seems the end of the ORDI hype was also not beneficial for other BRC-20 projects.

It's a noble cause, but none of the people trading BRC-20 read the forum. TBH most people wouldn't read it -- its largely dominated by unintelligent shitposts.

I'm not that pessimistic, above all in the local (non-english) forums there are often new people with real interest in BTC and the shitpost ratio is very low. Even in the local altcoin sections.

One problem with my thread was however that it originally was in Beginners & Help forum where it attracted some attention, but then was moved into the Altcoin Discussion forum.

[serveria.com]

Ordinals and tokens might continue to exist "in the blockchain" longer than expected. Udi Wertheimer and Eric Wall, developers of "Taproot Wizards", were given $7,500,000 to "bring magic back to Bitcoin".



I believe with that money, they should hire developers to find solutions and make Bitcoin more efficient with the features they want, and they should definitely take their dick pics and fart sounds off-chain.

Clowns. I wonder how all those posters who suggested to "don't be greedy add some extra sats" are feeling now? Ok ok I suspected you were retarded and didn't see this coming. Right now my wallet suggested me to pay ~$30 worth of BTC in fees for a ~$200 transaction. Am I being greedy? What's next? pay 1/2 in fees? Fuck Casey Rodarmor and his retarded invention which broke down Bitcoin.