Ordinals on Bitcoin have ignited significant debates that have polarized the crypto community, casting a shadow on the ORDI token price.
The discourse has intensified over the past week as core developers vow to censor Bitcoin Oridnals, with industry leaders like Max Keiser labeling them as a “bug” on the network.
Will Ordinals Be Censored?
The concerns were raised when Bitcoin core developer Luke Dashjr described it as a “vulnerability” spamming the blockchain. Dashjr later revealed that the bug concerns have entered the US National Vulnerability Database as CVE-2023-50428.
Bitcoin podcaster Peter McCormack shed further light on the contentious nature of Ordinals. He emphasized that these assets fail to benefit those utilizing Bitcoin for payments as they only contribute to a high-fee environment.
“What people need is good money, so in the short-term, the high-fee environment introduced by Ordinals has a supremely negative effect on the use of Bitcoin as money, as a high-fee environment reduces the number of people who can afford to store Bitcoin on-chain and complicates the opening of channels on Lightning,” McCormack said.
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Author: Oluwapelumi Adejumo
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