Developer Threatens Bitcoin Core Fork Over Censorship of Non-Financial Transactions
- Leonidas, a Bitcoin Ordinals developer, may fund an open-source fork of Bitcoin Core if censorship of Ordinals and Runes occurs.
- Bitcoin Knots has seen growth from 67 nodes to over 4,380, representing more than 18% of the network.
- Ordinals and Runes have generated over $500 million in transaction fees, vital for Bitcoin’s security as mining subsidies halve every four years.
- On August 31, miners earned only $3,060 from Ordinals transactions, contrasting sharply with a record $9.99 million on December 16.
- Leonidas claims that over half of Bitcoin’s hash rate supports accepting transactions with competitive fees.
The ongoing debate within the Bitcoin community centers on whether to prioritize peer-to-peer financial transactions or allow larger data transactions deemed spam by some members. The upcoming release of Bitcoin Core v30 on October 30 could further influence this discussion by removing limitations on data storage.
With Ordinals contributing significantly to transaction fees, the recent low earnings highlight the volatility in this sector and its impact on miner revenue.(Source)
