Ordinals And The Coming Attacks On Bitcoin

𝐋𝐄𝐀𝐑𝐍 𝐓𝐎 𝐁𝐔𝐘 𝐀𝐍𝐎𝐍𝐘𝐌𝐎𝐔𝐒 𝐁𝐈𝐓𝐂𝐎𝐈𝐍➜➜➜
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.

In this video, I discuss further questions raised about ordinals/inscriptions/NFTs coming to Bitcoin.

Inscriptions that have been embedded in the Bitcoin blockchain are there forever, and nodes will have to deal with them when they do their Bitcoin audit, whether they are running a full node or a pruned node.

Running a Bitcoin full node should (at least theoretically) not open you up to charges of possessing bad images, since intent matters-- at least under US law.

Expect Bitcoiners to be scapegoated in the coming decade, and to be blamed for financial collapses that they profited from, but did not cause.

If you want to censor NFTs on Bitcoin, you will need to elect a King of Bitcoin, which defeats the whole purpose of having an open, permission-less system to begin with.

All things considered, the Taproot upgrade was a good one, even if people are putting it to some uses that we may not like.

Not investment advice! Consult a financial advisor.

Will Ordinals and NFTs Destroy Bitcoin?
https://www.youtube.com/watch?v=mJr8yUf3dYk&ab_channel=TraderUniversity

Child abuse imagery found within bitcoin's blockchain:
https://www.theguardian.com/technology/2018/mar/20/child-abuse-imagery-bitcoin-blockchain-illegal-content

Someone Put the Tiananmen Square ‘Tank Man’ Image in the Bitcoin Blockchain to Troll China:
https://www.vice.com/en/article/z4k73w/someone-put-the-tiananmen-square-tank-man-image-in-the-bitcoin-blockchain-to-troll-china

OP_Return messages:
https://twitter.com/OP_RETURN_Bot/status/1619218582172205056

Ordinals:
https://ordinals.com/inscriptions

Andrew Poelstra on Ordinal Inscription Size Limits:
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2023-January/021372.html

Flipping The US For Bitcoin (Danger Ahead):
https://www.youtube.com/watch?v=a4kt2CY4idw&ab_channel=TraderUniversity

The race to avoid the war:
https://www.swanbitcoin.com/the-race-to-avoid-the-war/

10 million Bitcoiners:
https://www.swanbitcoin.com/ten-million-bitcoiners-the-intransigent-minority/

The benefits of Taproot:
https://river.com/learn/what-is-taproot/#the-benefits-of-taproot

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#nft
#bitcoinnews

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