Many Bitcoiners are quick to jump to conclusions, claiming either that Ordinals are a total nothingburger and anyone who suggests taking action against them is a fool, or that Ordinals will be the death of low fee on-chain txns, making it unusable for regular plebs who need to settle, and we should therefore all be rallying to stop them.
The truth is likely somewhere in the middle. Listen to Bitcoiners on other sides of the issue, so we may find the best path forward for the protocol.
Yes the last thing we need to do is scramble and rush to change consensus.
That is what can truly lead to bad territory. All I see is a free market in action and blocks still being made every 10 minutes.
I think its gonna be like this whole bull market, just like last one.
Good:
- LN will be only payment option
- it will provide more motivation for scaling solutions
- Inscriptooors will lose a lot of money
- miners get well paid
Bad:
- fewer people will afford holding keys
- custodial wallets will hold much more sats
- chain will bloat for ever
- LN fees will grow
The outrage machine is usually wrong.
Let the market decide. If there is free speech being exercised you don’t like, the cure is ALWAYS more free speech, not less.
Strong opinions held lightly.
There are no solutions, only tradeoffs.
