Bitcoin core developers encourage censorship on the blockchain after meme driven development


Share:
  • Ordinals protocol’s NFTs created by Casey Rodarmor are taking over blockspace on the Bitcoin blockchain encouraging conversations on “censorship.”
  • Bitcoin core developers Adam Back and Luke Dashjr recently spoke in favor of censoring  undesirable transactions using the new NFTs. 
  • BTC developers and believers weighed in on ‘inscriptions’, including 277 digital artifacts, and urged miners to censor transactions. 

Bitcoin core developers have critiqued “Ordinals protocol”, a type of NFT launched on the Ethereum mainnet, which recently spread to Bitcoin. BTC maximalists, who believe Bitcoin is a superior digital asset when compared to other cryptocurrencies, have recommended “censorship” of the new NFTs, known as ‘inscriptions´, on the Bitcoin blockchain. 

While Ethereum developers are working on making the ETH blockchain censorship-resistant, the BTC community, influencers and core developers are urging miners to censor “undesirable transactions” in inscriptions.

Also read: Here’s what to expect from AAVE V3 launch on the Ethereum mainnet

Bitcoin censorship debate ensues after Ordinals protocols brings meme NFTs to the mainnet

Ordinals protocol, an NFT project launched on the Bitcoin mainnet on January 21 has sparked a debate in the crypto community as to whether NFT-like “digital artifacts” are an appropriate fit for the Bitcoin blockchain. 

The development has divided the community. Casey Rodarmour, the creator of the Ordinals protocol announced that “Inscriptions” are finally ready for the BTC mainnet. Rodarmours NFT-like project is decentralized, immutable, always on-chain, and native to Bitcoin. 

Inscriptions are made on satoshis, which are tracked and transferred using ordinal theory, this gives them individual identities and allows them to be tracked and transferred across transactions. Inscriptions have started appearing on the Bitcoin mainnet. 

Rodarmour’s project has split the BTC community in two, with some arguing that the development offers more financial use cases for Bitcoin, while others say it’s straying away from Satoshi Nakamoto’s vision of Bitcoin as a peer-to-peer cash system. Some Bitcoin proponents and core developers are going one step further and urging miners to “censor” undesirable transactions.

Ethereum proponents are criticizing the call for “censorship” on the BTC blockchain

Anthony Sassano, an Ethereum proponent and developer called out the Bitcoin community for “censorship.” While Ethereum and the ETH development community considers it one of their objectives to make the blockchain “censorship-resistant,” Bitcoin core developers, such as Adam Back and Luke Dashjr, have taken a different stance, announcing over the last 48-hours that miners should censor such transactions on the blockchain. 

The crypto community has concerns that users might consider “inscriptions” as status symbols and this may exclude marginalized people from participating in the Bitcoin network. Developers are concerned about meme culture being brought to Bitcoin, suggesting that developers take their “stupidity” elsewhere. 

Not long after Blockstream CEO Back is one of those who wants such “undesirable” transactions to be censored. TSassano took a shot at the Blockstream CEO was criticized by Ethereum developer Sassano, for urged miners to censor inscription transactions he was criticized by Ethereum developer Sassano. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Join Telegram

Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content


Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended Content

Editors’ Picks

Ethereum whales turn bullish with Shanghai upgrade less than a month away

Ethereum whales turn bullish with Shanghai upgrade less than a month away

Ethereum (ETH) whales holding between 1,000 and 10,000 ETH have been scooping up the altcoin consistently for a week. With the countdown to the Shanghai upgrade and the ETH token unlock event, there is a spike in Ethereum demand among retail investors. 

More Ethereum news

Ripple price to close the week with a bang as next week will be crucial for another 20% profit

Ripple price to close the week with a bang as next week will be crucial for another 20% profit

Ripple price is closing this week with very profitable numbers, even if a fade is ongoing. The fade occurred after bulls received a firm rejection at $0.50 and have been trading lower from that level since. If bulls can keep their hands on this momentum and the Relative Strength Index (RSI) is not overbought, at least some 20% profit is being prepared for next week.

More Ripple News

Will Cardano price advance as analysts call it one of the favorite altcoins next to EOS and COLT to pop?

Will Cardano price advance as analysts call it one of the favorite altcoins next to EOS and COLT to pop?

Cardano (ADA) price is making the cut and has been shortlisted by several analysts that have put ADA in their top altcoin, primed to explode to the upside soon. ADA is flirting with a second week of gains and could recover its attempt to hit $0.415 as a crucial level for any further uptrend or downtrend.

More Cardano News

Is the new partnering-up strategy the right way for Vechain price to avoid a 30% correction?

Is the new partnering-up strategy the right way for Vechain price to avoid a 30% correction?

Vechain (VET) price had a busy week as several new partnerships were announced. Next to integrating with Dappradar to promote cross-chain visibility, the partnership with Boston Consulting Group might be the one that draws the most attention. Vechain price though is not taking this news in a good way and rather is at risk of tanking further.

More Cryptocurrencies News

Bitcoin: Should you trust this BTC sell signal or wait for $34,000?

Bitcoin: Should you trust this BTC sell signal or wait for $34,000?

Bitcoin price shows a clear picture of its rally after it breached a long-term bullish pattern in mid-January. As the rally takes a breather, sell signs have started to emerge, which is putting investors in a confused state. 

Read full analysis

BTC

ETH

XRP