Bitcoin Developers Criticize Ordinals Again, Claiming that "Ordinals is an Altcoin Scam that Utilizes BTC's Reputation to Pump and Sell"?

2024-01-04, 14:37

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## [TD;LR]
<a href="/th/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> developer Jimmy Song called the Ordinals protocol a Altcoin scam;

As early as 2018, Jimmy Song and "Bitcoin Jesus" Roger Ver had a century long gambling game;

Can OG contributors or speculators represent the Bitcoin ecosystem?

## Introduction
Recently, another core developer of Bitcoin has once again criticized Ordinals, accusing it of being a Altcoin scam and pointing out that it is using Bitcoin's popularity to mislead investors.

On January 1, 2024, Bitcoin developer Jimmy Song tweeted criticizing the Ordinals protocol, stating that it was a Altcoin scam based on Bitcoin's popularity and claiming that it used Bitcoin to obtain a trusted identity.

He pointed out that the reason why Ordinals and BRC-20 protocols have become popular is because Bitcoin can avoid the reputation of "shitcoin" compared to tokens issued on <a href="/th/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> or <a href="/th/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a>. Song believes that by dissecting various aspects of the Ordinals movement, one can discover a similar "sell up" nature to Altcoin, which focuses on token selling and speculation rather than promoting the mission of Bitcoin's economic freedom.

Meanwhile, he urged the community to distinguish between Bitcoin and the holders of these fraudulent tokens, and mercilessly expose their fraudulent behavior. Previously, Bitcoin core developer Luke Dashjr also expressed a similar view towards Ordinals, believing that it is equivalent to launching spam attacks on the Bitcoin network, and hopes to be fixed in future versions.
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##Who is Jimmy Song?
Jimmy Song - Co founder of <a href="/th/price/decred-dcr" target="_blank" class="blog_inner_link">Decred</a>/DCR Coin, core developer of Bitcoin, and partner at Blockchain Capital LLC.

Song is a programmer with 20 years of experience and is very active in the Bitcoin field. He is an editor at Bitcoin Techtalk and also a blogger at Media. He has contributed to the Bitcoin core and other Bitcoin projects, and is an open-source contributor to many different Bitcoin projects. He is also the author of O'Reilly's "Programming Bitcoin," "Little Bitcoin Book," "Thank God for Bitcoin," and "Bitcoin and the American Dream."

He is the former Vice President of Engineering at the Bitcoin Wallet Armory, and for most of his career, Song worked as a software developer at multiple companies in various fields such as entertainment, healthcare, and e-commerce.

In 2014, he joined Monetas and led the development of Bitcoin integration through open transactions for almost a year. After managing the development of a commercially friendly Bitcoin wallet for Armory Technologies, he became the chief architect of Paxos, creating blockchain solutions for institutional entities.

Joined Blockchain Capital as a venture partner in January 2018.

In addition, he also operates a for-profit company called Programming Blockchain, which trains students globally to learn blockchain programming and development techniques.
![](https://gimg2.gateimg.com/image/article/1704378807img_v3_026p_1c101a40-ac8e-491c-8f33-dc5b65738cix.jpg)

As early as 2018, Bitcoin core developer Jimmy Song and "Bitcoin Jesus" Roger Ver had a century-long gamble. In that cruise debate, Jimmy Song engaged in a very exciting intellectual battle against BCH, BTC, and Roger.

Jimmy accused <a href="/th/price/bitcoin-cash-bch" target="_blank" class="blog_inner_link">Bitcoin Cash</a> of being a fiat currency with Bitcontinent as the central bank, and accused the Bitcoin Cash community of infiltrating CSW, a scammer who "hijacked Satoshi to make the lords.” He also criticized, "For centralized currencies, creating a puppet god is very useful."

## The Voice of the Community
In fact, since its launch in January 2023, the Ordinals technology has sparked intense discussions in the Bitcoin community.

People who support Ordinals typically have the following types of views:

1.Bitcoin miners: Some Bitcoin miners support Ordinals as it provides them with a new source of income. By burning data on the blockchain, miners can charge additional fees.

2.Exchanges: Some exchanges also support Ordinals because they can attract users by providing new services, such as supporting NFT trading recorded by Ordinals.

3.Layer 2 solution developers: These developers are optimistic about Ordinals because they offer the possibility of implementing more features on the Bitcoin network, such as creating decentralized applications.

4.Some technology enthusiasts: They believe that Ordinals has added use cases for Bitcoin networks, no longer just peer-to-peer cash systems. They believe that this may increase the value of the Bitcoin database.

However, there are also some people who oppose Ordinals, mainly concerned that it will make the Bitcoin network more complex and may affect the stability and security of its core functions as a currency. For example, some Bitcoin geeks (maxims) are concerned that the use of Ordinals may lead to transaction congestion and fee increases.
![](https://gimg2.gateimg.com/image/article/1704378862img_v3_026p_1e7af74e-0cac-4c13-9817-8db5d8410bix.jpg)

Giacomo Zucco is an active Bitcoin and Lightning Network Protocol consultant and teacher. He has been involved in multiple projects, including BHB Network, BTCTimes, Relax, BCademy, and Notarify, dedicated to driving the development of Bitcoin.

In addition, Zucco has participated in projects such as GreenAddress, AssoBIT, Blockchain Lab, and Bitcoin Magazine. He is active in the Bitcoin community as an educator, consultant, entrepreneur, and geek, supporting projects he believes are important for the future of Bitcoin.

In a previous conversation with Bitcoin magazine, Giacomo Zucco candidly compared Ordinals to Bitcoin's large "drug market.” He believed that Ordinals were innovative things presented by technological hype, and it had already appeared in 2012. "They just reused the names of real projects before Bitcoin, they just bought a name to issue a foolish project.” Therefore, it is not something we must accept.

"Ordinals transactions are scams without spam. In_script_ion transactions are spam and scams, objectively the worst," Giacomo Zucco said in a recent related statement.

Max Keiser, although not a Bitcoin Core developer, is known for his unwavering faith and early investments in Bitcoin. He is a well-known Bitcoin supporter and disseminator, often discussing Bitcoin in the media and public lectures, promoting its use and value. He is a true Bitcoin maximizer.

"Ordinal number is an error. Fix is coming soon," Max Keiser said, citing a screenshot of Ordinals' registration number CVE-2023-50428 in the US National Vulnerability Database.

As early as February 2023, Adam Back, the pioneer of PoW, launched a criticism of Ordinals, calling it "worthless." Samson Mow, former Chief Strategy Officer of Blockstream, also questioned the frenzy of Ordinals and BRC-20 tokens in Bitcoin, believing that this hype is unsustainable and predicting that it will dissipate within a few months.

But Casey Rodarmor, the creator of the Ordinals protocol, believes that the complaints of these opponents make them appear weak.
![](https://gimg2.gateimg.com/image/article/1704378909img_v3_026p_97c28640-c315-4a3b-96b6-c82b8457f1ix.jpg)

## To Sum Up
Ultimately, the controversy surrounding in_script_ions can be understood ideologically as a conflict between the "technical faction" and the "transactional faction.” From Luke Dashjr's actions to Jimmy Song's lengthy remarks today, the "debate over the meaning" of the in_script_ion has further intensified community divisions.

Can OG contributors or speculators represent the Bitcoin ecosystem?

Essentially, the financial market itself does not contain morality, everything is determined by mechanisms and rules.

Facing the many issues of Ordinals, supporters believe that they can bring new usage scenarios and economic opportunities to the Bitcoin network, while opponents are concerned that this may affect the essence and efficiency of Bitcoin as digital gold.

However, the development of the Bitcoin ecosystem is not limited by a single perspective or event. Despite different perspectives and potential challenges, the Bitcoin ecosystem demonstrates adaptability and diversity, constantly evolving and integrating new protocols, and expanding into new blockchain networks.

Historical experience has shown that despite facing doubts and uncertainties, innovative technologies often find opportunities for growth and development amidst challenges. As investors, we need to maintain a rational approach to any new project, and we should also carefully evaluate the project's background, team, technical strength, and business model, and avoid blindly following the trend of investment. The crypto market is full of opportunities and risks, and maintaining rationality and vigilance is necessary to effectively obtain long-term stable returns.

<div class="blog-details-info">
<div>Author:**Byron B.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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