CryptoSlate - Bitcoin purist slams Ordinals as a scam exploiting its brand, sparking debate over its impact and potential for a 2024 Bitcoin fork

in blockchain •  last year 

https://cryptoslate.com/bitcoin-developer-jimmy-song-likens-ordinals-to-pump-and-dump-altcoin-scams/
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Bitcoin maximalist Jimmy Song sees Ordinals as a scam preying on Bitcoin's reputation, comparing it to altcoin schemes.

He argues Ordinals exploits Bitcoin's brand for legitimacy while offering token peddling and speculation, not advancing Bitcoin's mission.

Despite Song's criticism, supporters praise Ordinals for attracting talent, boosting miner income, and potentially sparking a Bitcoin fork in 2024, highlighting the ongoing debate about the network's future.

Beware of Bitcoin's Ordinals hype!!

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blockchain horror hype bitcoin ordinals scam brand fork
last year by

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      ·  last year 

    Upvoted! Thank you for supporting witness @jswit.

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