What are your thoughts one this? I'm not really a fan of ordinals and I think anything that promotes Bitcoin's primary objective (to be the world's best store of value and money) over all other non-monetary use cases is a good thing.

My only concern is the slippery slope of it all. Is there any way that this same mechanism could be used in the future to prevent legitimate financial bitcoin transactions?

Reply to this note

Please Login to reply.

Discussion

They are hurting themselves, miners will migrate to pool that offer higher fees.

Seemed inevitable knowing Lukeโ€™s well known beliefs and long term knots bitcoin project. Weโ€™ll see how it impacts their hashrate. They will still benefit from the higher fees that inscriptions cause. Good to see variety. Miners will vote with their hash.