issuance of crap things does not mean what you promote it to mean

when a issuer creates tokens and idiots then create their own channels. they are locking up things..
the token does not leave the channel until the channel is closed and settled

take a route
a<>b<>c<>d

the tokens in AB never leave AB (unless channel closed)
the tokens in BC never leave BC (unless channel closed)
the tokens in CD never leave CD (unless channel closed)

A token in AB issued at 9:00am is different token to Bs token in BC created at 9:01
B token in BC issued at 9:01am is different token to Bs token in AB created at 9:00
C token in BC issued at 9:01am is different token to Cs token in CD created at 9:02

if A's 9:00 created token is special(or rare sat).. C does not get that specific unique token(or raresat). he gets B's borrows token(sat) from B in the BC channel(locked sats) where B created its BC token at 9:02

C sees his number of tokens increase in agreement with the number of tokens A wanted to pay C. and A now has less and B has amounts higher in AB and lower in BC to equal out.. but C does not then own A's unique special token locked in AB

(if a "rare sat" with appended meme is locked in channel AB.. C does not get it in LN because its locked in AB.. C gets B's sat from B's BC lock.. C never gets to touch or own AB sats)

i do find it funny how you call out the ordinals as junk(pretending to agree/pander to the truth).. but then promote it on your preferred network you want everyone to use
its obvious how you dont want the junk to stop on bitcoin because you want people to hate using bitcoin by the continuation of the junk. but then promote they can buy it on your preferred network (you hinting you think this junk is actual real asset, but only on your preferred network you profit from)

sorry to keep talking about your preferred subnetwork negatively.  but in truth it is a crap network. not a network everyone should move to, no matter how much you want them to.

I saw somewhere that Franky1 said these are the group of stupid people doing these things. They know it won't last for more than a couple of weeks. These pump and dump leverage tokens. Some will profit greatly from this craze, and most people who enter the market late will lose their capital. So, yeah it will go down soon.


I had to move a couple of hundred dollars to a CEX, and unfortunately, I had to pay high fees. I paid 45 sat/vB while the fee was like 160 sat/vB. I have waited two days, and now it's around 50 sat/vB again.

You are forgetting that history has already debunked your speculation. When the limit was placed on OP_RETURN it didn't cause any issues nor did it push people into using workarounds. Basically the limit (ie. the standard rule) greatly and successfully reduced the amount of abuse.

That's exactly what we've needed from day one and I even said it from day one too: Ordinals transactions need to become non-standard. That may not stop the attack entirely but it would reduce the spam by something like 90%.

You know why I keep using OP_RETURN example? Because it surprises me that nobody ever complained about that limit and a ton of other similar limits that existed in Bitcoin for many years as standard rules rejecting many types of "spam" transactions all this time. Nobody has been calling them "digging your own hole" all these years when we were rejecting them either.

So why is Ordinals Attack different all of a sudden?!!
The details of the attack is different but the nature of it is the same. It is injecting arbitrary data into the chain or in other words it is [ab]using bitcoin blockchain as a cloud storage.

This is why I warned at the start of this attack that it should be prevented soon. As the scam market grows it attracts more people and more incentive to find workarounds for any kind of "soft" preventive measures.
In early days when this was a scam that nobody had even heard of, nobody would have bothered using an alternative risky software to buy a garbage that has no value.

In any case I still don't think it is too late. If the majority of nodes start rejecting this type of spam attack (like some of us do) they won't reach a mining pool to be mined.

Welp, here we go...

Over half of bitcoin transactions are Ordinals:
https://geniidata.com/user/orddata/ordinals-transaction-share

This takes into account data from Yesterday. And to those saying that this will pass... Think again! Okcoin exchange literally integrated an embeded dashboard that users can utilize to create and mint ordinals as well as sell them all within their platform. They literally made ordinal inscriptions easier than they make it to withdraw BTC off their platform... Exchanges and "NFT Artists" don't care for the well being of the ecosystem.

Us the community should consider that if some malignant miners want to profit off of an attack on the protocol perhaps we should cut them off because not only is this not the first time this happens, but this time also it seems bound to continue getting worse.

No miner should be banned. But since they're avoiding to engage in any discussion there could be some meaningful pressure towards them too.
We know from bitcoin's past that it's possible for users of the network to signal their support for certain changes to it without having to fork the network.

This in today's situation would mean that users can run a modified bitcoin full node client that doesn't store or propagate ordinal transactions. Of course, if a miner includes ordinals in their transactions, the nodes would have to accept it unless they actually want a network fork to happen.

And for example, given that Taproot was implemented without a hard fork being required, a patch could be pushed to disable certain OP codes until they can be re-implemented later with proper spam filtering. Still all that without a network fork. If these changes are popular and are let's say pushed into bitcoin Core, miners and pools would have to make a conscious choice of supporting the most popular client and including transactions according to its rules, or running their own version of a client to profit off of expensive ordinal transactions by including them in their mined blocks.

I think that least for now, having fewer miners push these spammy transactions could alleviate some of the pressure on the network.

says the guy that was happy the NYA opted to ban mining pools, nodes and services that didnt flag for segwit
yep. why so happy to let a certain tactic be used to grandfather in a bug, but not want the same tactic used to end it


its not a case of getting usernode(UASF) involved as they are powerless now.. its a core devs and economic node pressuring pool scenario these days
these days it doesnt require the full community. its just the core devs and NYA(economic node main services) doing something they done before. but in reverse (still blackmailing the pools to comply, but this time to fix a bug, not create one)

but essentially it means pandering, kissing ass, pleading and praising core to even want it. (maybe bribe them as before) else any other brand offering a proposal will just get REKT by the trolls

It did, actually. But the workarounds were trivial to accomplish, and the limit was reverted in 2015.


Because its not an attack, just like Counterparty wasn't an attack. You are mired in confusion because you continue to mislabel it as an attack. Once you accept its not an attack, then the situation may begin to make more sense.


Due to the nature of economic incentives and capitalism, this will never happen.

:

Do you honestly not understand the difference between 80 byte per tx limit and no limit at all (except 4 MB block weight) or are you intentionally ignoring this fundamental difference?

Then you are saying that Bitcoin, the "peer-to-peer digital cash" as Satoshi put it, has already failed.

paying $1.70-$2 a tx it only stopped about 275 tickers.. the spammers still spam and the spam has gone rampant when the bot ran out of funds to pay fees ($500 total for campaign)
to do this now ends up needing to pay alot more then $2 a shot

funnier part is although the bot got "first seen" status in ordinals software to be recognised as 'the true ticker'.. the first transactors transaction still also got added to the blockchain. so it didnt stop the tx from being added. it just ended up with 2 transactions with the same ticker junk data where only the ordinals software recognised the bots version and ignored the first transactor

the first transactor can still spam using his taint. and get the ordinals software to just ignore bot ticker snipers (creating 1 unit). thus voiding the bots ordinal software claim of the ticker.. and re introducing the original transactors spam as the official ticker owner within ordinals.. thus not a fix because its still spam on the blockchain that ordinals can easily change its "first seen" policy

and yes those scammers that want brc junk to persist will change ordinal policy to void recognition of bot sniping "first seen", because scammers will wan to keep their scams running

the solution to make the ordinal be on a different network is the best solution as is done by bitcoin cash, bitcoin gold, etc. ordinal must do what these coins do because their existence and popularity has disrupted the scalability of the bitcoin network and made fees unreasonable (again).

if bitcoin developers care about the future of bitcoin, they should consider this, because higher bitcoin fees will certainly reduce people's interest in using bitcoin in their transactions. bitcoin will not be able to last forever if it still relies on its innovative features and market speculation, scalability is important for long-term adoption.