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Ordinals & Inscriptions: Improvement or Attack?

  • Article
  • Feb 6, 2023
  • #Cryptocurrency
MAX_MONEY = 21000000 * COIN;
@max_money_21M
(Author)
maxmoney.substack.com
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When I first heard about this project on Twitter not all that many days ago, my initial reaction was: “well, at least it’s within the consensus rules, and there’s nothing anyone can... Show More

When I first heard about this project on Twitter not all that many days ago, my initial reaction was: “well, at least it’s within the consensus rules, and there’s nothing anyone can do about it anyway, so let them have their fun and it will go away when the fad dies”. I have seen this reaction quite a bit, so I don’t think I was the only one. However, after thinking about it for a short while—and really, it should have been obvious from the start—this is not a very logical response. Inscriptions are an exploitation of a vulnerability in Bitcoin Core, and an attack on the Bitcoin network. I wanted to go over all of the comments and criticisms I’ve seen floating around the past few days in this short post. But first: what are we even talking about?

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danny ⚡️ d @dannydiekroeger · Feb 14, 2023
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very good article by @max_money_21M that outlines the logical reasons why many view these bitcoin inscriptions (ordinal/nfts) as an attack on bitcoin cc @FieldNas
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