Luke Dashjr, who is known for his strong opposition to Ordinals, expressed support for colored/colored coins. He emphasized the role of colored coins in the Bitcoin network, pointing out that they actually work within Bitcoin and will not cause irrelevant effects on Bitcoin users. , does not affect the fungibility of Bitcoin, does not generate spam, does not create artificial fee fluctuations, does not accuse irrelevant upgrades of enabling them, is not designed for fraud, does not affect the expansion of Bitcoin, does not Will attempt to take over the Bitcoin consensus, will not present non-problems as "solutions", and will not introduce illegal content into Bitcoin nodes.
Later, he also denied the existence value of ARC20 as a colored currency on @atomicalsxyz for unknown reasons. As we all know, ARC20 is a token protocol that relies on dyeing technology to issue tokens.
According to public information, we can summarize several main views of Luke Dashjr on Bitcoin:
1. Opposing the use of inscriptions: Luke Dashjr strongly opposes the use of inscriptions (Ordinals protocol) on the Bitcoin blockchain, believing that it is a spam attack that exploits Bitcoin Core vulnerabilities. He believes that since 2013, Bitcoin Core has allowed users to set limits on the size of additional data when relaying or mining transactions, and Inscription circumvented this limit by obscuring its data into program code. Dashjr hopes to disable inscriptions by fixing this vulnerability to protect the security and efficiency of the Bitcoin blockchain;
2. Propose to fix the vulnerability: In order to solve the vulnerability exploited by Inscription, Luke Dashjr implemented a fix in Bitcoin Knots v25.1, and hopes to completely solve this problem in future Bitcoin Core versions. He submitted a PR (Pull Request) to the Bitcoin Core Github repository and updated the "datacarriersize" to filter transactions carrying a new type of script data, namely inscriptions. This demonstrates his commitment to solving problems facing the Bitcoin blockchain through technical means;
To sum up, Luke Dashjr’s views on Bitcoin have aroused extensive discussion and attention in the Bitcoin community, but unfortunately, he failed to maintain consistency, and at the same time, he failed to propose effective solutions to reduce the problem. Feasible hypotheses and scenarios for post-semi security budgeting. At the same time, his view that the emergence of inscriptions has caused the price of BTC to fail to rise sharply seems to be just a personal idea without data support.
The U.S. Securities and Exchange Commission (SEC) is actively exploring the possibility of classifying Ethereum (ETH) as a security. This development has attracted widespread attention and discussion because it may have a profound impact on the future development of the entire cryptocurrency industry, especially Ethereum.
According to recent reports, the SEC has issued multiple subpoenas to entities related to the Ethereum Foundation as part of its investigation into the foundation’s trading practices. These investigations have focused primarily on the Ethereum Foundation, a Swiss-based non-profit organization that plays a key role in the development and governance of the Ethereum blockchain [18]. Some companies received subpoenas shortly after Ethereum transitioned from a Proof-of-Work (PoW) model to a Proof-of-Stake (PoS) model [18].
This series of actions by the SEC is seen as a major blow to the cryptocurrency industry’s hopes of obtaining approval for an Ethereum ETF. According to reports, the SEC asked the company to provide documents and financial records related to the Ethereum Foundation’s transactions [20]. This investigation began in the wake of Ethereum’s transition to a “proof-of-stake” governance model in September 2022. The shift to proof-of-stake has given the SEC a new excuse to try to define Ethereum as a security [20].
In addition, SEC Chairman Gary Gensler has stated on multiple occasions that cryptocurrencies issued by blockchains that rely on proof-of-stake technology may be classified as securities [2]. Since taking over as SEC chairman in 2021, Gansler has been at the center of controversy for filing lawsuits large and small within the industry, particularly against some of the world's largest cryptocurrency exchanges such as Binance, Coinbase, and Kraken. Exchanges have been accused of selling unregistered securities, such as Solana’s SOL, Polygon’s MATIC, and Cardano’s ADA, among others[2].
If the SEC ultimately characterizes Ethereum as a security, it would have serious consequences for U.S. businesses and investors who already interact with or rely on Ethereum, including major exchanges that trade millions of dollars in Ethereum futures every day Such as CME Group and Cboe Global Exchange[2].
Overall, the SEC’s qualitative work on Ethereum is ongoing, and its results may have a significant impact on Ethereum as well as the entire cryptocurrency market.
BRC20’s first AI concept AINN can now be played with zero
I rarely play pull games, because I made money by being hit on the head $AINN, and now my butt is completely sitting on AI+BRC20, I am very fomo, forgive me!
It’s easy to earn points now 1. Use my link [I will buy you a drink offline if I have the opportunity] airdrop.ail2.io/?ic=33c8ce082924
2. Link the unisat wallet. If there is AINN in the wallet, you can double the amount. Follow the instructions to connect to Twitter;
3. The way to earn points is to attract people, send tweets, and interact with official accounts;
No need to save money, no need to break the chain, the earlier you enter, the greater the chance, start playing!
This function cannot be used in Hong Kong. It is not so web3🥹 Other complaints include not being able to find the entrance, being difficult to use, plagiarizing friends, etc. The interface uses unisats. In any case, bringing new traffic is a benefit for Inscription
The bone of contention: How to upgrade the BRC-20 Upgrading the Ord version under the BRC-20 indexer is actually a very good idea. The Ord protocol will be more stable, we won't curse Ordinals anymore, we won't have to worry about balance mismatches, etc.
Unisat wants to launch this service as soon as possible, which makes sense since Unisat is a startup. Startups don’t have time to sit around and wait. You have to work hard to find product market fit and build it for your users.
L1F wants to delay the upgrade because if we rush the upgrade, we might get more bugs. Best in slot and others have discovered some of these protocol bugs. This makes sense since L1F is designed to protect the foundation of the protocol, so they can accept upgrades from slower moving, more purposeful protocol paths.
Some believe this is a power play by the Unisat team to try to control the protocol. Others believe that L1F is simply trying to control the association and is more market driven.
Because of the incredible success of the BRC-20 agreement, we cannot move any faster. The launch days of BRC-20 are over. BRC-20 is an absolutely massive protocol (TVL, users, infrastructure, wallets, market) and nothing should be done quickly anymore. I like the approach from L1F. Domo has always recognized the importance of protocol stability (BRC-20 hasn't really changed since its inception), which is a strength. Easier to integrate. Easier to build on.etc. We need decentralization, thoughtfulness, and a slow process of consensus and compromise to drive changes to the BRC-20 protocol forward.
Popular science from @BobBodily, as always quoted in full without modification. First, a quick summary of BRC-20: BRC-20 is by far the most successful fungible token protocol on Bitcoin. Transaction volume last year was in the hundreds of millions, if not billions. It's not perfect (uses inefficient encoding, bloats the UTXO set, and currently has limited functionality), but it's incredibly easy to deploy and mint tokens, and has inspired inscriptions across the crypto world on nearly every chain. Next up is a quick technical primer: BRC-20 is a meta-protocol built on the Ordinals meta-protocol, which in turn is built on Bitcoin. This means Ordinals uses Bitcoin as a full data availability layer and an off-chain indexer to determine the meta-protocol state. BRC-20 uses the Ordinals protocol as a complete data availability layer with an off-chain indexer to determine meta-protocol status. This means that BRC-20 is actually a meta-meta protocol since it is built on top of Ordinals. The Complexity of Building BRC-20 on Ord: The Ordinals protocol technical specifications have been changing over the last year. Ord is a completely new protocol, so it has changed a lot. When you build a token standard on top of Ord, your protocol adds additional risk because you have a transfer protocol as a dependency. This is what happened with Ord 0.8.0 and Ord 0.9.0. Different versions of Ord track inscriptions slightly differently, meaning the BRC-20 indexer will report incorrect balances depending on whether they are built on 0.8.0 and 0.9.0. Of course, this is not desired. L1F Solution Layer 1 Foundation @L1Fxyz's solution is to freeze the Ord protocol version to 0.9.0 to prevent similar issues from occurring in the future. So even though we have other classes of Cursed Glyphs, you avoid any cross-version incompatibilities by building all indexers on version 0.9.0. This is not a permanent solution, but for now it works very well in keeping the BRC-20 stable. Unisat wants to push the protocol forward Unisat first launched a black and white module system. This allows people building on BRC-20 (like Unisat) to introduce new functionality in black modules (temporary locations that are not indexed in the main protocol).You can put coins into the black module, but you can't take them out until approved, essentially like a Bitcoin Space Chain (one-way bridge). Then yesterday, Unisat announced that they wanted to upgrade the Ord version under the BRC-20 indexer to the latest post-anniversary version. Jubilee is the official version of the Ord and we will no longer curse Ordinals (all inscriptions will always have positive numbers). Point of Debate: How to Upgrade BRC-20 Upgrading the Ord version under the BRC-20 indexer is actually a very good idea. The Ord protocol will be more stable, we won't curse Ordinals anymore, we won't have to worry about balance mismatches, etc. Unisat wants to launch this service as soon as possible, which makes sense since Unisat is a startup. Startups don’t have time to sit around and wait. You have to work hard to find product market fit and build it for your users. L1F wants to delay the upgrade because if we rush the upgrade, we might get more bugs. Best in slot and others have discovered some of these protocol bugs. This makes sense since L1F is designed to protect the foundation of the protocol, so they can accept upgrades from slower moving, more purposeful protocol paths. Some believe this is a power play by the Unisat team to try to control the protocol. Others believe that L1F is simply trying to control the protocol, which should be more market-driven. Bob’s Take Because of the incredible success of the BRC-20 agreement, we can’t move any faster. The launch days of BRC-20 are over. BRC-20 is an absolutely massive protocol (TVL, users, infrastructure, wallets, market) and nothing should be done quickly anymore. I like the approach from L1F. Domo has always recognized the importance of protocol stability (BRC-20 hasn't really changed since its inception), which is a strength. Easier to integrate. Easier to build on.etc. We need decentralization, thoughtfulness, and a slow process of consensus and compromise to drive changes to the BRC-20 protocol forward.
Someone has burned a lot of ordinarys for mint $cook, and made a mistake while busy. It is recommended that when introducing new things, the tutorial author should add safety tips such as using a new wallet as much as possible. It should be standard like no FA.
Many people in the market can't tell which rune is which, because the huge profit-driven devs want to grab the original runes "fast and well", but at present, whether it is ordinary wallet's or this time's $cook, They all ended up in a hasty start and a mess of feathers. I think it would be nice to wait for the protocol team to develop the runes protocol, and then develop the market or other infrastructure around runes, right?
Generally speaking, I refuse to comment on most projects that are impatient in the community and then fork the code to gain market popularity. The runes launched by OW that night charge high commissions. This time $cook will charge 4999 green onions. They are all suspected of sickening behavior. You are crazy about money🤦
I specifically asked about the development progress of runes last night. Runes from Ordinals will be available on the test network at the end of December. In my opinion, all previous runes are imitations and often have pitfalls. It really depends on the user's mood. Generally speaking, self-defense is enough.
I think we should thank @LukeDashjr to some extent. His ambiguity and inaction gave Inscription and Ordinals a chance to develop and grow in 10 months. Things are different now. This will only make Inscription's consensus stronger. powerful. His Ocean pool has removed the inscription from their block template, which goes against the censorship-resistant ethos of BTC.
Earlier you said that if Casey didn't make any money, he would end up working as Rune, but that's not true. Luke, on the other hand, may not make any money this time, so he has to fight against the inscription. 😂 At this time, what kind of rat army should go to tmd’s Twitter? We love Inscriptions~
Casey Domo Raphjaph and all inscription enthusiasts may have been ordinary people last year, but they have become innovation leaders this year, and they may become gods next year. And Luke may become that "King Zhou".
No one can take away the data on the BTC chain, and no one can control it.
Oh, there was a rapid decline in ordi just now. Maybe everyone was frightened by the news from some Chinese media.
I listened to @udiWertheimer's space all morning with aloofness. Ordinals fans were all there. A buddy came to the ocean pool, but Luke himself didn't come.
Now the consensus of Ordinals is very strong. Even if Bitcoin Core wants to go to war, I believe that Inscription, BRC20, Ordinals, and Atomics will win the final victory.
A few key points:
🍊Luke's proposal is to limit the block size to 300kb and censor garbage data, which makes him have reservations about Ordinals; this time, in my opinion, it is a formal objection, but in fact it is known to everyone and has no something unexpected;
🍊Luke used to be a BTC Core dev and seemed to be neutral. This time he shipped Ocean Pool, which caused people to question him. Whether it was for Ocean's marketing strategy, he used Ordinals to create events to attract traffic, which raised people's doubts about whether Luke has any Concerns about conflicts of interest;
🍊Currently relying on Luke alone, Bitcoin Core cannot stop Ordinals. In the end, computing power has the final say. Miners/mining pools can refuse to upgrade and continue to package Inscriptions. Personally, I feel that the probability of Ordinals winning is over 99%;
🍊Some people say that this is a Bitcoin Civil War, but it seems that it is not yet. It is just a unilateral declaration by an individual. The market will give the answer. Ordi has a wave and dropped to around 50.
In fact, there is nothing to ferment about in the future. BTC does not require permission. Ordinals BRC20 Just keep singing and dancing. Some people say that when an emergency event is good for both sides, it means that the bull market is coming. Ordinals means this, no matter how you look at it, this matter is good for Ordinals. Ordinals' BIP has been shelved and not recognized by Core. Now it is big enough and powerful enough to require a positive response.
This wave of BRC20 ghost guys all failed, and this wave of reactions is also normal😀
The ghost guys were surprised and said that Luke wanted to eat dog meat, cat meat, and rabbit meat. I was a little afraid to go on stage. If I said that I had even eaten spiders, would they stop playing with me?
This is why BRC20’s oracles are so important. A virtual asset class with a market value of 3 billion requires a decentralized, maximum consensus indexing mechanism.
0.9.0 locks the definition of inscriptions, and the BRC20 index can speak on the same frequency;
Different indexes can have different calculation methods. If the same result is obtained, the consensus is maintained. If different results are obtained, the maximum consensus should be run as the longest chain. This is how the blockchain operates, and you don’t have to create a classic yourself to become a classic. #ordi
Observing the emergence and growth of Taproot addresses, there is considerable overlap and correlation with the rise of ordinals. It can be speculated that Ordinals promoted the rapid growth of taproot addresses;
I used dune to count the total number of BTC and UTXO under different address types, and constructed an index to measure the degree of utxo fragmentation (ratio) under different address types, using the total number of BTC under different address types divided by the utxo under that address type. total.
The result report is as shown below. The number of individual UTXOs under the taproot address is relatively small. The average size of each UTXO is 0.002 BTC, which is the smallest among commonly used addresses.
This can be indirectly used as evidence that there is utxo dusting in the taproot address.
El Salvador’s experience shows that Bitcoin does not exhibit currency properties, but it exhibits reserve properties that surpass the US dollar. #BTC/USDT
Javier Milei from the niche Libertarian party wins Argentina's presidential election.
Milei has previously expressed support for Bitcoin, saying it represents a "return to the original creators of currency and the private sector." He criticized Argentina's central bank, calling it a "fraud."
Unlike Salvadoran President Nayib Bukele, who has spearheaded the Bitcoin fiat currency push, Milai has called for the “dollarization” of Argentina’s economy, where inflation recently exceeded 124.4%.
High inflation has made the public generally support and like Bitcoin as an anti-inflation tool, and the public generally understands and uses Bitcoin widely.
Compared to El Salvador, Argentina has more extensive influence. This presidential election is also a victory for Bitcoin! #bitcoin