Ordinals Developer Dey Threat Bitcoin Core Fork Because Censorship Wahala And Node Adoption Dey Rise
Ordinals developer Leonidas don talk say e go fit for fork Bitcoin Core if node operators come dey censor or change di new policy wey go support Ordinals and Runes. E dey plan to fund open-source fork wey go remove almost all di transaction policy rules dem. Dis move na because Blockstream CEO Adam Back yan say big data embeddings be junk spam.
Alternative client Bitcoin Knots don grow from 67 nodes go over 4,380 visible nodes, wey now represent pass 18% for di network. Dis growth happen before Bitcoin Core v30 wey dem plan to release for October, wey go remove di 80-byte OP_RETURN limit. Leonidas warn say if dem reverse support, e go set bad example.
Ordinals and Runes don generate over $500 million miner fees. Daily fees reach peak of $9.99 million for December 2023 and e dey show seasonal pattern with small fee for mid-2025. Miners wey get over 50% hash rate still dey support if di fees still competitive.
Traders suppose watch di Bitcoin Core fork debate, how nodes dey adopt, miners signal and policy changes. Dis quarrel fit affect blockspace use, on-chain activity, plus Bitcoin fee market. Fork fit cause network split and wahala.
Neutral
Even though di threat of Bitcoin Core fork dey show governance tensions, e no mean say immediate chain split go happen. For short term, uncertainty about node policies and possible network fragmentation fit bring volatility. But miner support still dey strong and no policy changes don happen yet. Fee market still dey robust with strong revenue from Ordinals and Runes, wey mean say network security and miner incentives dey stable. For long term, ongoing disputes fit pressure consensus mechanisms, but traders fit expect neutral price impact unless fork really happen.