Bitcoin developer Luke Dashjr has labeled inscriptions as 'spam,' triggering a debate within the community. Inscriptions, which have gained traction on Polygon and BNBChain, are being seen as an opportunistic move to utilize free blockspace. William Casarin, another Bitcoin developer, supports Luke's view, emphasizing that Bitcoin is not designed for data storage. The impact of inscriptions on the Bitcoin network is being questioned, with some considering it a bug while others see it as a feature. Binance has also reported a significant decrease in BTC assets, with inscriptions making up a substantial portion of transactions on BNBChain and Polygon.
Inscriptions now make up 57%+ of transactions on @0xPolygonLabs, @BNBCHAIN & @avax src: https://t.co/7iaTa8yvIQ https://t.co/4M5f7atLyy
Yesterday, BNB had ~29m inscriptions making up for 58% of its transactions src: https://t.co/7iaTa8yvIQ https://t.co/QAQZJhVONs
Binance released its thirteenth reserve certificate (Dec 1), with a net inflow of $311 million MOM. The user's BTC assets were 561k, and MOM decreased by 4.05%, a decrease of 23,656 BTC; the user's ETH assets were 3.88 million, a decrease of 0.67%; the user's USDT assets were… https://t.co/DvwOQCEG5s
#Bitcoin Developer Luke #Dashjr States #Inscriptions Are Exploits, Hints at Future Fix In Bitcoin Core https://t.co/TFiTXYaiL4
William Casarin, asserts that inscribing data as Bitcoin script program data is a technical exploit, emphasizing that Bitcoin is not designed for data storage https://t.co/5D0CD1fkv6
#Bitcoin Developer Luke #Dashjr States #Inscriptions Are Exploits, Hints at Future Fix https://t.co/TFiTXYaiL4
William Casarin, Bitcoin developer and founder of Nostr Damus, said in response to the inscription controversy that inscription disguises data as Bitcoin script program data, which is technically an exploit, Bitcoin is not used to store data. He expressed support for Luke's view…
Is the Inscription a Bug or a Feature? Inscription’s positive impact on the Bitcoin network By @jolestar Read more https://t.co/MqGdhzN65x https://t.co/RsLWNB3oq2
Thoughts on Inscription spreading from BTC to EVM chains Polygon PoS already counts 109 million inscriptions. CC @hildobby_ data And there’s Celo, Avax, FTM seeing 20 M inscriptions Inscription is an Opportunist. It sees free blockspace and seizes the opportunity Like… https://t.co/uTKtUjXUvY
While the Inscriptions were short-lived on most L1s, it gained some traction on Polygon and BNBChain. In the past week, Polygon has produced more than 930 inscription assets, and the number of transactions accounted for 66.6% of the total; BNBChain has produced nearly 900…
ICYMI: Bitcoin dev Luke Dashjr calls inscriptions ‘spam,’ community members push back https://t.co/qkpkcwgLf6