Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
No Result
View All Result
Invest In Crypto News
No Result
View All Result

Bitcoin developer fails to rally support for ‘bug fix’ to stop Ordinals, inscriptions

CryptoExpert by CryptoExpert
January 7, 2024
in Mining
0
Bitcoin developer fails to rally support for ‘bug fix’ to stop Ordinals, inscriptions
  • Facebook
  • Twitter
  • Pinterest



You might also like

EU Carbon Taxes Push Bitcoin Mining to Russia, Study Claims

A $22.9 million capital deficit threatens to derail an energy firm’s pivot to off-grid Bitcoin mining

Bitdeer signs $400M AI cloud computing deal for Malaysia facility

In a recent development that has stirred the Bitcoin community, developer Luke Dashjr’s proposal to address the congestion caused by Ordinals and BRC-20 tokens on the Bitcoin network has been met with support and strong opposition.

Dashjr failed to rally enough support for a proposed “bug fix” to the Bitcoin code that would essentially put an end to Ordinals and Inscriptions on the blockchain. Bitcoin developers are split on the matter and without majority consensus, the decentralized nature of the blockchain will not allow any changes to the code.

Core developer Ava Chow eventually ended the meeting, remarking that the PR was “controversial” and the debate had reached a “stalemate.”

She said:

Betfury

“In its current state, [the PR] has no hope of reaching a conclusion that is acceptable to everyone.”

The “bug fix”

Dashjr, a prominent figure in Bitcoin development, had proposed a solution to “spam filtration” in part of the Taproot transactions, aiming to block Ordinals and BRC-20 tokens, which he described as exploiting a vulnerability in Bitcoin Core.

Dashjr’s stance, while rooted in concerns over network integrity, has sparked debate over the decentralized nature of Bitcoin’s governance. His proposal to implement the fix in Bitcoin Knots v25.1, a derivative of Bitcoin Core that he maintains, has not seen adoption in the upcoming v26 release of Bitcoin Core, with hopes for its inclusion in v27 next year.

Dashjr’s bold claim that “Ordinals never existed to begin with. It’s all fraud” has further fueled the controversy.

The debate

Debate continues to rage among the Bitcoin community on whether Ordinals are a positive or negative force for the Bitcoin ecosystem.

Proponents — including Michael Saylor — argue that Inscriptions and Ordinals are an innovation that has renewed interest in Bitcoin. Supporters claim that the market wants Ordinals and Inscriptions since the rising fees show a clear demand for them.

Proponents argue that Ordinals are the perfect way to beta-test the Bitcoin blockchain for mass adoption. They also highlight that these tokens have created a new revenue stream for miners that will continue to be lucrative long after the last Bitcoin is mined.

Meanwhile, detractors believe that Ordinals are an attack on Bitcoin and could dilute its credibility as “digital gold.” They believe these tokens have caused unnecessary spam and congestion on the blockchain and should not be associated with Bitcoin.

Developer Jimmy Song recently called Ordinals the new altcoin pump and dump scam. He said investors have wisened up to the difference between Bitcoin and all other cryptocurrencies, making it harder for scammers to create honey pots on other chains. Song claimed that scammers now use Bitcoin’s reputation and image to lure investors into new scam coins like Ordinals.



Source link

  • Facebook
  • Twitter
  • Pinterest
Tags: Bitcoin
CryptoExpert

CryptoExpert

Recommended For You

EU Carbon Taxes Push Bitcoin Mining to Russia, Study Claims

by CryptoExpert
August 23, 2026
0
Bitcoin Miners Face August Showdown After Revenue Rebound

Key TakeawaysA study shows strict EU carbon could be driving bitcoin miners to shift operations to Russia.Companies maximize profit by powering down EU rigs and booting up Russian...

Read more

A $22.9 million capital deficit threatens to derail an energy firm’s pivot to off-grid Bitcoin mining

by CryptoExpert
August 22, 2026
0
A $22.9 million capital deficit threatens to derail an energy firm's pivot to off-grid Bitcoin mining

Olenox Industries is an energy company that acquired Bitcoin miner CS Digital Ventures in May. It reported preliminary July production of 15.13 BTC against a June 30 balance...

Read more

Bitdeer signs $400M AI cloud computing deal for Malaysia facility

by CryptoExpert
August 21, 2026
0
Cointelegraph

Bitdeer expects revenue from the five-year agreement to begin in early 2027 as it builds toward 350 megawatts of AI cloud capacity by 2028. Source link

Read more

I Think I Found the BEST Bitcoin Home BTC Miner Ever Made…

by CryptoExpert
August 20, 2026
0
I Think I Found the BEST Bitcoin Home BTC Miner Ever Made…

Check on YouTube

Read more

Riot Platforms Sold 9,665 Bitcoin in H1 2026 to Fund AI Pivot

by CryptoExpert
August 20, 2026
0
Riot Platforms Sold 9,665 Bitcoin in H1 2026 to Fund AI Pivot

Key TakeawaysRiot Platforms sold 4,300 BTC in Q2 2026, cutting its treasury to 11,380 BTC by H1 end.Riot’s 191 megawatt Anthropic lease is projected to generate $9.1 billion...

Read more
Next Post
Cross-chain Orbit Bridge allegedly experiences a $82 million exploit

Mangofarm Scandal: Solana's Blockchain Ensnared in Alleged Ponzi Scheme Ties

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 77,643.00
ethereum
Ethereum (ETH) $ 2,463.97
tether
Tether (USDT) $ 0.999862
xrp
XRP (XRP) $ 1.52
bnb
BNB (BNB) $ 703.57
usd-coin
USDC (USDC) $ 0.999922
solana
Solana (SOL) $ 95.58
tron
TRON (TRX) $ 0.344055
hyperliquid
Hyperliquid (HYPE) $ 81.05
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.00

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?