There was even a news trending around January that the upcoming update on the Bitcoin core would correct The loophole that allowed the existence of ordinals.
I don't know I feel with this the value should rise since its supply would become limited.
But let's see how it plays out. In support of creativity in Bitcoin but not one with detriments to its security or performance.
It's already losing its hype, so as a company with profit in mind. They have to move to more profitable projects.

I’ve been out of the loop with these ordinals? What exactly is happening. I noticed the other day it was possible to get a transaction confirmed for 6 sats/vbyte within the hour. Seems like these Ordinals are fading away.

The ORDI token seems to have doubled topped at almost $100 and lately been trading sideways and looks like it might break the $50 support.

Did the Bitcoin devs state that they will remove that feature that allows ordinals on the bitcoin blockchain to save on transaction fees for people who make actual bitcoin transactions?

Binance is treating ordinals like the way they are treating Bitcoin transaction fees. If you check Binance withdrawal fees in the last 2 months and now, the withdrawal fees is probably the same despite the fact that the fees are down to less than 15/vb sats on average, anytime the Bitcoin mempool became congested, it has never gone pass 50/vb sats for many weeks now. This is exactly how they are treating ordinals, the Bitcoin transaction fees are down atleast for now but they wouldn't reduce the fees and raise it later if demands and hype comes from ordinals again but since they are no longer supporting the "exploit on the network", no need to reduce the fees.

Now that they are stopping the supports, what next with the ordinals and the NFTs market in general, there is going to be a decrease in activities and will lead to reduce in interest and perhaps Bitcoin network will have a space to breath and allow normal transaction to flow without having to fight for the next block space.

Let's see, so it's Thursday evening, the mempool has about 842MB, 127k tx, and purging is at 2.53sat/vb.
Since the weekend will come pretty fast and that would affect the mempool as usual let's see if in one week there is any meaningful change, more than what we have normally experienced.

I'm a bit pessimistic about anything major happening, if it's going to take less than $2k to inscribe a block worth of your legacy on earth NFT or no NFT there wi still be a bunch of people doing it.


Based on the whitepaper it's not just ordinals that shouldn't exist but Binance also. 

Afaik no, but some of them (like Luke Dashjr) do see it as vilnerabilty that should been fixed but I don;t think that there's consensus among them


I haven't followed ordinals much even when hype around them was at its peak (et alone now) but as you know rats tend to leave the sinking ship so I guess they don't see any future (and money) from it.

If Binance can discontinue anything they have to do with Ordina, then we might have reduced pressure on that. Their traffic kept on increasing the moment they started making their way into big exchanges and getting listed. Market traffic was contributing heavily as people were rushing into the network. 
 
Even bitcoin developers are yet to do anything to stop them from operating on the network. If all the big exchanges can decide and delist all the tokens that have something to do with ordinals, then the people who are trading them will be afraid and stop even interacting with the network. As I can see, the network fee is already going back to normal gradually.

Bitcoin is a decentralized platform.  I agree and add that the Core developers should not be making these decisions.  The nodes should be making these decisions.

Wow! really great news! This is exactly what we need in order to make Bitcoin a viable payment method. otherwise with the astronomical fees, Bitcoin can't cope up with the competition. We should start seeing a reduction in the fees once this is in force.


Binance is a centralized platform. I agree that they have taken right decision to remove these madness from their marketplace. Bitcoin will survive as a payment method.

I regret this because I believe that unlike Inscription on other blockchains, Inscription and BRC-20 tokens on Bitcoin can open up a new application possibility for the Bitcoin blockchain, such as storing non-fungible tokens. I also hoped that Binance's participation could support the existence of Inscription on Bitcoin until BRC-20 tokens find their rightful place in the market.

Binance is just experimenting and looking for a new direction after no longer being led by CZ. They are focusing on launchpool and launchpad, and the $4B fine may have left them with insufficient funds to take risks with Inscription. I hope that BRC-20 tokens will continue to exist and will be better supported in the future.

It's a bug getting exploited in Bitcoin network. There are several blockchains made for NFT, go and explore that! May I suggest Matic?

I strongly support the decision made by Binance to suspend bitcoin blockchain based NFTs from their marketplace. The Bitcoin Devs should now start expelling them from the network completely. Let the Bitcoin network breathe so that the regular users can breathe too and get out of this high fees madness.