Taproot Wizards Contributor Reveals Script to Reject Bitcoin Ordinal Inscriptions
Summary:
A contributor from Taproot Wizards claims to have devised a solution that allows Bitcoin node operators to reject Ordinal inscriptions, however, it's anticipated few will apply it. The devised script prompts nodes to reject Ordinal-related blocks. If most nodes adopt this, it could force miners to find alternatives. Despite a vocal minority opposing Ordinals, Glassnode’s lead analyst believes it's unlikely the solution will gain popularity. The debate was reignited last month when Bitcoin mining firm OCEAN refused Ordinals transactions due to potential security threats. Opinions remain divided, and with a Bitcoin Core update due in 2024, an ideal solution might involve Ordinals users paying a higher base relay fee.
In an unusual standoff, a contributor to Taproot Wizards, which uses an art collection signed by Bitcoin Ordinals, declares that he has found a way for Bitcoin users to disallow Ordinal signatures. Yet, he remains skeptical that many will seize this opportunity. Rijndael, the chief technology officer of the company known by his pseudonym, penned a blog post on December 26 promising Bitcoin users a way to purge their node from the contested inscriptions.
The method he devised prompts nodes to reject blocks carrying inscriptions, Rijndael elaborated, adding that if the economic majority of nodes adopts this, miners will prefer to construct on a chain tip devoid of inscriptions, else they will face the prospect of selling into a smaller market.
In a defiant retort to naysayers on social media, particularly to a user named "GhostOfPashka," Rijndael urged critics to either act on the solution he provided or admit that their outcry is mere words and not a truly concerted effort to quash inscriptions. He further mocked Ordinals critics on the GitHub repository by exaggerating the flaws of Ordinals.
Despite a vocal minority opposing the Ordinals, James Check, Glassnode’s lead analyst ("Checkmate" on X), asserts that it is doubtful that the software will gain popularity. According to Check, the software essentially "bricks" the node since inscriptions are valid transactions. He regards this standoff as indicative of the complex nature of Bitcoin governance.
Highlighting his handiwork on the software, Rijndael stated that creating it took him only 15 minutes and acknowledged that it can be effortlessly sidestepped by merely altering an Ordinal fingerprint.
The debate rekindled last month when OCEAN, a Bitcoin mining firm under the leadership of Bitcoin Core developer Luke Dashjr, started refusing the Ordinals transactions due to potential security hazards and increased mempool congestion.
Opinions vary on the Ordinals issue; some see pros or cons based on differing circumstances. According to one anonymous Bitcoin Core developer, planned and stable congestion in mempool due to Ordinals could favor Lightning transactions and their users due to off-chain liquidity allocation. However, the unpredictability of Ordinals transaction volumes could potentially disrupt Lightning users in the future.
With the 27th Bitcoin Core update on the horizon in 2024, an ideal solution might be to require Ordinals users to pay a higher base relay fee to achieve a balance in CPU/bandwidth usage by full-nodes operators, the developer suggested.
Published At
12/27/2023 7:57:18 AM
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