That's a shame
Discussion
I wish more people would run a ⚡️ node.
I’ve thought about doing that. However, the BRC-20 fiasco lowered my confidence in Bitcoin’s future. The fees are lower than they were at their peak, though, so I’m going to wait a while and see.
That lowered your confidence? Literally what else is there that would give you more confidence than bitcoin? Ordinal and BRC-20 degens will have their stupid cycle, most of them will get rekt, and a new wave will reborn as bitcoin maximalists. It happens every time.
Literally every time.
The blockchain was hijacked for uses other than its intended purpose (sending payments), and the Bitcoin community either couldn’t or wouldn’t stop it. I think it’s reasonable to wonder if we can count on Bitcoin in the future.
Bitcoin has been used for other purposes for a long time. Counterparty was created to exchange tokens and early NFTs. Technically any of this could have been done at any time. I don’t like what they’re doing either, but maybe that’s the price to pay to have an open, uncensorable decentralized network.
Suggestion for Bitcoin improvement: Move all scripting out of the L1 chain to an L2 chain. Alternatively, reimplement the L1 chain in terms of an L0 chain with no scripting. A transaction would just be a list of inputs and a list of outputs. That way, people who want to save their JPEGs and Pepe tokens to a blockchain like it’s Google Drive can do that, but their files won’t take space from those of us who just want to send money to someone.