The Bitcoin Dilemma: Ordinals Upgrade May Lead to Centralized Fork
The creator of Bitcoin’s fast-rising BRC-20 token standard is worried that one of its top marketplaces is attempting a sly takeover of the entire protocol.
On Monday, UniSat confirmed that it would implement the Ordinals Jubilee upgrade “to confirm that brc-20 is still on Ordinals without splitting into an isolated protocol.” However, BRC-20 creator Domo believes the company is effectively splitting with the interests of the surrounding BRC-20 community.
“I believe rushing these updates in BRC20 is reckless, disregards their peer indexers, and could potentially harm the broader community of BRC20 users,” wrote Domo to X on Thursday.
Recognizing the serious implications and valuations involved, I believe rushing these updates in BRC20 is reckless, disregards their peer indexers, and could potentially harm the broader community of BRC20 users. The 0.8/0.9 incident highlighted the complexities of integrating… https://t.co/RccP7bYdVY
— domo (@domodata) January 2, 2024
The Ordinals Jubilee update seeks to remedy the problem of “cursed Ordinals” – Bitcoin inscriptions that are unrecognized by the the ord indexer, and thus don’t appear in current Ordinals wallets and marketplaces.
While keen on protocol enhancements, Domo said it would be unsafe to implement the update without proper testing, coordination, and infrastructure, citing issues with prior upgrades.
He also found the timing of the upgrade sketchy, declaring UniSat’s action is not simply “technically” driven, but “part of a considered, ongoing strategy to gain control of the protocol.”
Instead, Domo encouraged followers to follow the Layer 1 Foundation – a non-profit maintaining an indexer that prioritizes a “safety-first”approach to protocol maintenance.
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