April 19, 2024
Taproot Wizards Empowers Critics with Script to Reject Bitcoin Ordinals
Bitcoin News

Taproot Wizards Empowers Critics with Script to Reject Bitcoin Ordinals

In a peculiar turn of events, the Bitcoin community finds itself embroiled in a game of consensus chicken, with contributors to Taproot Wizards proposing a way to reject Ordinals inscriptions. The art collection, inscribed by Bitcoin Ordinals, faces dissent from a contributor offering a script to cleanse nodes of these inscriptions, sparking a lively debate on governance and censorship within the Bitcoin space.

Rijndael, the pseudonymous Chief Technology Officer of Taproot Wizards, shared the script in a Dec. 26 post, suggesting that nodes run it to reject blocks containing inscriptions. The move, if adopted by the economic majority of nodes, could prompt miners to build on a chain without inscriptions or potentially sell into a smaller market.

“Merry Christmas, ord disrespectoors! I have a gift just for you! This [script] will rid your node of inscriptions,” wrote Rijndael, challenging critics to take action or admit to virtue signalling on social media.

Responding to sceptics, Rijndael teased Ordinals critics with over-the-top mockery on the GitHub repository page, highlighting the tension within the Bitcoin community regarding the governance of such inscriptions.

James Check, Glassnode’s lead analyst known as “Checkmate,” downplayed the likelihood of the software gaining traction, suggesting it was a demonstration of Bitcoin governance dynamics. Check noted that the script essentially renders a node unusable as it invalidates valid transactions.

The Ordinals censorship debate resurfaced when Bitcoin mining firm OCEAN, led by Bitcoin Core developer Luke Dashjr, started rejecting Ordinals transactions last month, citing risks of denial-of-service attacks and increased mempool congestion. The controversy surrounds whether Ordinals-induced mempool congestion, if stable, could benefit Lightning transactions or pose challenges to its users.

A Bitcoin Core developer, speaking anonymously, highlighted potential benefits and shortfalls, indicating that predictable mempool congestion cycles could benefit Lightning users. However, the unpredictable nature of Ordinals transaction volumes might create issues for Lightning users, affecting the user experience.

As Bitcoin Core plans its 27th version for 2024, discussions centre around potential solutions, with suggestions such as Ordinals users paying higher base min relay fees to balance resource consumption for full-node operators. The ongoing debate underscores the complex interplay between innovation, governance, and community dynamics within the ever-evolving landscape of Bitcoin.

Image: Wallpapers.com

Related posts

Jim Cramer’s Bitcoin Turnaround: From Skeptic to Recognizing a Technological Marvel

Robert Paul

eToro CEO: Bitcoin ETFs and User Experience Key to Adoption

Robert Paul

Wikipedia Co-founder Sparks Debate: Bank Passwords vs. Bitcoin Wallets

Henry Clarke

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More