A Bitcoin Ordinals developer has threatened to fund the development of an open-source fork of Bitcoin Core if developers attempt to censor Ordinals, Runes, and other non-financial transactions.
According to an open letter released by Leonidas on Saturday on the X platform, as the host of The Ordinal Show, he issued this letter amid a debate within the Bitcoin community about whether Bitcoin node validators should prioritize peer-to-peer financial transactions and whether to censor or ignore large data transactions (such as images, videos, or documents), which critics label as spam.
Leonidas warned that this would set a "dangerous precedent" and stated that any tightening of policy rules or efforts to censor Ordinals and Runes transactions would provoke "decisive action."
His remarks were in response to the views of Blockstream CEO Adam Back, who, like many Bitcoin supporters, believes that these transactions are spam and should not "appear on the time chain."
Bitcoin Knots, an alternative to Bitcoin Core, has gained popularity over the past year. Its number of nodes has increased from 67 in March 2024 to over 4,380 currently, accounting for more than 18% of the entire network.
This growth comes on the eve of the release of Bitcoin Core version 30. This version, scheduled to go live on October 30, will remove the 80-byte limit on the OP_RETURN function, allowing more media files to be stored on-chain.
According to the open letter released by Leonidas, he is concerned that the development team may overturn this update.
Supporters of Back include Ocean Mining founder Luke Dashjr and Satoshi Action Fund CEO Dennis Porter.
Leonidas believes that the Ordinals and Runes ecosystem has contributed over $500 million in transaction fees to Bitcoin's security. As Bitcoin mining block rewards are halved approximately every four years, this issue is becoming increasingly prominent.
He also added that he has communicated with miners representing over 50% of Bitcoin's hash power. These miners indicated that as long as the fees are competitive, they will continue to accept any transactions.
However, relying on Ordinals transaction fees is not easy, as related activities show significant seasonality.
According to Dune Analytics data, on August 31, Bitcoin miners earned only $3,060 in fees from Ordinals, far below the daily record of $9.99 million set on December 16, 2023.
Even by 2025, the highest daily income did not exceed $1 million, indicating that the block space occupied by Ordinals has significantly diminished.
Related: Wintermute urges the U.S. Securities and Exchange Commission (SEC) to exclude network tokens from securities regulations.
Original: “Ordinals Developer Proposes Fork of Bitcoin Core Due to Censorship Concerns”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
