This ordinals brc20 crap is an attack that bypasses spam protection on #Bitcoin using an external indexing scheme where they attach a json to input witness data to "mint", track and transfer sats pretending that they're shitcoins.

It's a lot less data than inscribing images and with the 4× witness discount, not only are they paying 4× less than economic transactions, but if they manage to pump these shitcoins to ridiculous values, it could be profitable even at 1000 sat/vB fees.

Speechless

more to come.

it’s shipping season!

lightning is currently failing in the exact situation it was created for. in 2017-18 when jihan wu and roger ver were spam attacking bitcoin and the fees went through the roof making bitcoin unusable for 90% of people, everyone said that segwit and lightning would ensure it never happened again, yet here we are and lightning is suffering from the same high fees it is supposed to circumvent and overcome. Lightning is vaporware and bitcoiners have been sold a lie

Gm,

There are 353 days left until the #Bitcoin halving.

US CPI inflation: 4.9%

Food inflation: 7.7%

Electricity inflation: 8.4%

Transportation inflation: 11%

#nostr the alpha bird

JUST IN: #Bitcoin miner Marathon partners with Zero Two, backed by Abu Dhabi's $853 BILLION sovereign wealth fund, to create the Middle East's first large scale immersion #BTC mining operation. 🇦🇪

The exchange that encourages people in third world countries to gamble their life savings on shitcoins, contributes nothing to Bitcoin development or developers legal defence?

Boycotted long time ago

Binance is listing them 🤣

While I did say that it's best to not get distracted, it's also a good reminder to not forget where we've come from and the previous battles that have been won. Read/listen this book if you haven't. I have not and I will be starting it today.

Hey 👋 can anybody see this ?

I need to top up my VPN and VPS subs until the end of the month and they only accept on-chain (even if they accepted LN, I'm running low on LN funds).

I don't want to pay 30 dollar fees for 5 dollar payments.

Where can I buy Monero p2p non-kyc directly for fiat (no btc swaps)?

This ordinals brc20 crap is an attack that bypasses spam protection on #Bitcoin using an external indexing scheme where they attach a json to input witness data to "mint", track and transfer sats pretending that they're shitcoins.

It's a lot less data than inscribing images and with the 4× witness discount, not only are they paying 4× less than economic transactions, but if they manage to pump these shitcoins to ridiculous values, it could be profitable even at 1000 sat/vB fees.

When fee rates go up and someone says "XYZ fixes this".

No, it doesn't.

there has been a lot of complaining about inscriptions without concrete proposals on how to stop them at the protocol level

anything that involves a centralized entity choosing which transactions are valid is off the table - that entity will be corrupted threatening censorship resistance