Congratulations.The epic sat of block 840000 has been inscribed.

[a8832021]

We can see the transaction at https://mempool.space/zh/address/bc1p5k6m3rsnr98mwd7qzsw9qyz0awxffms30axtlpeygkx3hchuusasz5ceuy. Now the NFT is in the second output of the tx. The NFT seems like a video. But I don't know how can store a video in just about 50KB space. Who can tell me is it really a video?

[NotATether]

I mean, you're on a Bitcoin maxi forum. Nobody on here particularly likes Ordinals nor bothers to look into how it works, so I don't think you will get an answer for that here. Try asking on crypto Twitter instead.

[franky1]

apparently its:
https://ordiscan.com/inscription/70634325

its hex code appended to the end of a bitcoin tx that converts to HTMLcode that 'src="/content/' different things like objects and audio to then create a audio/visual object
basically the bitcoin tx doesnt contain the actual video/object, just some hex of some html that references other sourced stuff

either way. that html code is metadata that is not actually linked/locked to the second output but instead its just junk hex appended after sigscript of the entire transaction of
7d0a2dd897222913d58fc957b0429526117a0a61c964642fe93b077f328ccec1

also to note.. the way ordinals counts sats. have always been a failure where its not even the 'first sat' of the halving block

[a8832021]

I found the network become congested because many users are minting EPIC which started with the epic sat inscribed. Regardless of whether you love BRC20 or not, it just exists and has a large market capacity.

[franky1]

I found the network become congested because many users are minting EPIC which started with the epic sat inscribed. Regardless of whether you love BRC20 or not, it just exists and has a large market capacity.

its not about love or hate
its about understanding that stuff is junk
it doesnt actually have hard rules of economics, maths, true transferability.. thus is JUNK

thus making the market for it a pure scam

its not "minting epic" its appending junk. the sooner you realise it by learning how the junk is appended to a transaction, the sooner you learn some code and economics of bitcoin. the sooner you realise its junk and not be fooled into paying into the scam and being a victim or promoting a scam and becoming suspicious/criminal

[logfiles]

I found the network become congested because many users are minting EPIC which started with the epic sat inscribed. Regardless of whether you love BRC20 or not, it just exists and has a large market capacity.

Even ICO scams had very large marketcaps back in the day, where are they today?

Those inscriptions or whatever names they give them are just scam and you people are fooled into wasting your time and money on them. Right now the excitement and hype is clouding your judgement, but when reality finally sets in, maybe you will remember what you have been told in this thread.

[DaCryptoRaccoon]

Sooner everyone jumping on this bandwagon get rekt the better.

Doing nothing for Bitcoin users in the long run other than costing them money.

When someone can't send funds or make transactions because of spam junk crap we have a problem.

[a8832021]

Though the inscription system gains a large market today, I haven't participant in the activity yet. I think it is just a waste of BTC blockchain space. Such activities like NFT have better alternative platforms   such as Ethereum,not on BTC blockchain .

[shield132]

I found the network become congested because many users are minting EPIC which started with the epic sat inscribed. Regardless of whether you love BRC20 or not, it just exists and has a large market capacity.

Yeah, it exists but that's only a sad fact. Ordinals, runes, epic sats, these things don't exist, they are made up things to make money out of thin air. Giving value to all of these is like giving value to grass where Messi fell down with his face. It's like giving value to socks and pants that Messi wears because it's Messi. This is not normal.

Though the inscription system gains a large market today, I haven't participant in the activity yet. I think it is just a waste of BTC blockchain space. Such activities like NFT have better alternative platforms   such as Ethereum,not on BTC blockchain .

You are right, this is just a waste of bitcoin blockchain but like you said previously, it's true that BRC20 exists and has a huge market. I intentionally ignore it because I believe it's scam, I don't find anything valuable in it and I think its created for money laundering and for scamming people, that's why I don't join and will never join BRC20 market.

[a8832021]

I found the network become congested because many users are minting EPIC which started with the epic sat inscribed. Regardless of whether you love BRC20 or not, it just exists and has a large market capacity.

Yeah, it exists but that's only a sad fact. Ordinals, runes, epic sats, these things don't exist, they are made up things to make money out of thin air. Giving value to all of these is like giving value to grass where Messi fell down with his face. It's like giving value to socks and pants that Messi wears because it's Messi. This is not normal.

Though the inscription system gains a large market today, I haven't participant in the activity yet. I think it is just a waste of BTC blockchain space. Such activities like NFT have better alternative platforms   such as Ethereum,not on BTC blockchain .

You are right, this is just a waste of bitcoin blockchain but like you said previously, it's true that BRC20 exists and has a huge market. I intentionally ignore it because I believe it's scam, I don't find anything valuable in it and I think its created for money laundering and for scamming people, that's why I don't join and will never join BRC20 market.

I think the biggest supporter of these are bitcoin miners. They like network congestion, because they can get more reward from transaction fees.

[pooya87]

Now the NFT is in the second output of the tx.

Considering how bitcoin is not a token creation platform and it does not have such capability, what is created here is not a NFT (T stands for token). It is just an arbitrary data that is placed inside a transaction by exploiting the protocol.

I think the biggest supporter of these are bitcoin miners. They like network congestion, because they can get more reward from transaction fees.

They either have to be idiots to support it or have very limited short term views.
Any attack on Bitcoin prevents its adoption and slows down its growth. An attack like Ordinals has successfully slowed down the Bitcoin growth over the past year by creating prolonged congestions and increased fees that make using bitcoin increasingly difficult.

I call them idiots because preventing bitcoin's growth means they are receiving that reward in bitcoin that is worth $60k instead of it being worth $600k.

[franky1]

I think the biggest supporter of these are bitcoin miners. They like network congestion, because they can get more reward from transaction fees.

bitcoin miners are not the biggest supporters.
bitcoin miners(asics) dont have hard drives or a CPU to manage transaction selections to choose which transactions are in a block which they re-hash a difficult hash of
miners just has a hash

its a mining pool manager that selects the transactions. so the support or more precisely lack of pruning this junk data at block template creation is due to mining pools not miners

[Kakmakr]

Sooner everyone jumping on this bandwagon get rekt the better.

Doing nothing for Bitcoin users in the long run other than costing them money.

When someone can't send funds or make transactions because of spam junk crap we have a problem.

Yea, and it will also help to reduce the unnecesarry traffic on the Blockchain that are causing congestion and higher fees.

I read somewhere that we also broke the 1 Billion transactions milestone on the Blockchain. https://techreport.com/crypto-news/bitcoin-blockchain-hits-the-one-billionth-transaction-threshold-the-next-billion-already-counting/#:~:text=BTC%20Reached%20The%20One%2DBillionth,at%209%3A43%20PM%20UTC.

[khalidkhan82118]

I found the network become congested because many users are minting EPIC which started with the epic sat inscribed. Regardless of whether you love BRC20 or not, it just exists and has a large market capacity.

its not about love or hate
its about understanding that stuff is junk
it doesnt actually have hard rules of economics, maths, true transferability.. thus is JUNK

thus making the market for it a pure scam

its not "minting epic" its appending junk. the sooner you realise it by learning how the junk is appended to a transaction, the sooner you learn some code and economics of bitcoin. the sooner you realise its junk and not be fooled into paying into the scam and being a victim or promoting a scam and becoming suspicious/criminal

It sounds like there's been a surge in activity on the network due to the minting of EPIC tokens. I'm curious to learn more about the impact of this congestion on users and the network's overall performance. How are users navigating through these congestion issues, and are there any measures being taken to alleviate the strain on the network?

[pooya87]

It sounds like there's been a surge in activity on the network due to the minting of EPIC tokens.

There are no tokens being minted because that is impossible in Bitcoin. The protocol just doesn't have that option. They are scamming people by calling their junk "token".

I'm curious to learn more about the impact of this congestion on users and the network's overall performance. How are users navigating through these congestion issues,

It depends on the severity of the attack.
Basically the longer the attack lasts and the higher the fees go, the harder it is going to be for users to "use bitcoin". That means at some point people stop using bitcoin and we could end up with only "investors" who are waiting and hoping for the price to go up while the adoption would have had stopped so it won't go up!

and are there any measures being taken to alleviate the strain on the network?

Nothing serious...

[franky1]

I'm curious to learn more about the impact of this congestion on users and the network's overall performance. How are users navigating through these congestion issues,

most actual bitcoiners just stop using bitcoin.. hoping the junk will die down.. even the trolls that idolise the core devs that let this happen tell people to stop using bitcoin.. which doesnt help. we should be trying to get core devs to actually care about bitcoin usage, not this junk that just promotes less bitcoiner real use

and are there any measures being taken to alleviate the strain on the network?

the exploit being used to add the junk has been known(2016) since even before the exploit backdoor was added(2017) which is way before a few scammers abused the exploit(2021) to actually make the junk..  so core devs had plenty of notice to prevent it but they have decided to let it happen as it promotes their other network roadmap

there are ways to deal with it but any discussion about dealing with it gets mobbed with trolls idolising devs as gods saying how stopping it goes against the devs desires and no one should dare scrutinise devs.. which just muddies the discussion