This is an opinion editorial by Steven Hay, a writer, former trader and art dealer.
The Ordinals controversy is still simmering and seems set to flare up again soon. Although Ordinals’ block space usage had been trending down since March 23, 2023, the release of notable collections and a burgeoning mania for BRC-20 tokens seems to have reversed that trend.
Should competition for block space between Ordinals, BRC-20 tokens and purely monetary transactions remain high, so will fees. And, should fees climb sufficiently high, the ghastly shades of the blocksize war may rise once more to torment all Bit-kind.
The Case Against Ordinals
Fees aren’t the only flashpoint. While Bitcoin has certainly had its share of negative headlines over the years, the protocol itself has thus far escaped the same level of recrimination. Exchange failures, drug sales, countless scams — these are all things people did with the tech, rather than any intrinsic fault of the tech itself. Not so with, say, Eth
We współpracy z: https://bitcoinmagazine.com/culture/bitcoin-ordinal-problems-solved-by-layer-2
