Bitcoin developer says NFTs exploit vulnerabilities and vows to eradicate them

Luke Dashjr, one of Bitcoin’s most controversial developers, has once again criticized the use of the network for NFT transactions. According to your tweet, these inscriptions are “exploiting a vulnerability” of Bitcoin and there should be a correction next year.

In other words, Dashjr wants to wipe out NFTs on the Bitcoin network. Since this is an old fight, there were several discussions during the commentary session regarding the developer’s statements.

At the time of writing, transaction fees for Bitcoin are above R$50. This morning the fees reached R$100, partly due to the use of the network for transactions in assets other than BTC.

NFTs on the Bitcoin Network. Source: Ordinals.

Luke Dashjr says Bitcoin Core will undergo an update in 2024 to ban NFTs

Using the Bitcoin network for purposes other than BTC transactions is controversial. On the one hand, users pay more fees and nodes store more junk in perpetuity. On the other hand, miners benefit more and the network remains safe.

Regardless, Luke Dashjr believes that NFTs on the Bitcoin network are a spam attack, slowing down the network for its users. In a tweet published on Tuesday (5), the Bitcoin developer once again addressed the topic.

“Public Service Announcement: “Inscriptions” exploit a vulnerability in Bitcoin Core to send spam to the blockchain. Since 2013, Bitcoin Core has allowed users to set a limit on the size of additional data in transactions they transmit or mine (`-datacarriersize`). By obfuscating their data as program code, subscriptions avoid this limit.”

“This bug was recently fixed in Bitcoin Knots v25.1. It took longer than usual because my workflow was severely disrupted late last year (no changes in v24 [do Bitcoin Core])”Luke Dashjr continued. “Bitcoin Core is still vulnerable in the upcoming v26 version. I can only hope that it will finally be resolved before version 27 next year.”

Dashjr is also the creator of the Ocean pool, which recently received an investment from Jack Dorsey. In the first two blocks mined in recent days, Ocean censored non-BTC transactions. By abandoning transactions that have higher fees, they stop making money, a fact that can deter other miners.

Luke Dashjr’s own tweets railing against NFTs have already been converted into NFTs.

Community responds to Bitcoin developer

In the comments, several defenders of using Bitcoin for any purpose opposed Luke Dashjr’s opinion. As a highlight, one of them noted that if mere NFTs are giving him a headache, then he has a bigger problem.

“If the Bitcoin network can’t handle trivial ‘signup spam,’ how can we feel safe from a nationwide attack on its network?”one follower asked. “You call yourselves BTC promoters, but you are wasting your time with these idiotic examples. Bitcoin is for everyone, you get fired.”

“This is how we resist”Dashjr replied.

“So if this ‘bug/vulnerability’ is fixed, would that mean that Ordinals and brc-20 tokens would no longer exist?”asked another. “I’m confused. Can someone please explain the implications to me as if I were 5 years old.”

“Correct”the Bitcoin developer replied, clearly enough.

“Whether it gets added to Bitcoin Core v27 or not (hint: it won’t), signups will never stop. People will pay for them and miners will mine them.”wrote another user who thinks there will be no changes. “As long as the market has demand, you can’t do anything about it. You will save yourself years of frustration and happiness by accepting this reality.”

Because this is a complex issue, it is difficult to believe that the community will reach a consensus in the short term. Therefore, contrary to Dashjr’s wishes, it is likely that we will not see any changes in Bitcoin next year.

Source: Live Coins