Bitcoin (BTC)-based Ordinals (ORDI) price briefly fell under $50 after renowned BTC core developer Luke Dashjr described Inscriptions as bugs on the blockchain network that must be fixed.
In a Dec. 6 post on social media platform X, Dashjr said inscriptions’ were exploiting a vulnerability in Bitcoin Core to spam the blockchain.
Ordinal Inscriptions are digital assets similar to NFTs inscribed on a satoshi, BTC’s lowest denomination. These assets had gained popularity earlier in the year and heralded Bitcoin’s foray into the NFT space.
However, these assets have ignited several debates within the community, with some describing it as an attack on Bitcoin due to its ability to flood the blockchain with data. In contrast, others see it as an evolution of the network.
Dashjr, one of the most prominent critics of Ordinals, stated:
“Bitcoin Core has, since 2013, allowed users to set a limit on the size of extra data in transactions they relay or mine (`-datacarriersize`). By obfus
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