Supply Shock How Bitcoin Knots Sparked a New Culture War | Pourteaux
Sep 18, 2025
Dive into the intriguing emergence of Ordinals and inscriptions on Bitcoin! The discussion reveals the technical and cultural tensions surrounding Bitcoin Knots, highlighting shifts in the community. Explore how these developments impact miner incentives and Bitcoin's resilience, while reflecting on the increasing political divide amongst Bitcoin enthusiasts. Lessons from past fork wars enrich the conversation, shedding light on what Bitcoin's future might hold in an ever-evolving political landscape!
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Ordinals Reopened Old Debates
- Ordinals renewed interest in Bitcoin by enabling expressive uses like JPEGs and inscriptions.
- That experiment revealed long-standing tradeoffs about data storage on Bitcoin's base layer.
JPEGs Are Fun, Not The Core Mission
- Ordinals were never meant to replace Bitcoin's monetary mission; they were
Treat Inscriptions As Valid And Plan Miner Revenue
- Accept that inscriptions are valid transactions and treat fees paid as their value.
- Prepare for block-revenue transitions by seeking multiple sources of miner income beyond inscriptions.