tl;dr after digging into the Ordinals “spam” debacle:
1) This has been possible since SegWit
2) Taproot didn’t enable this, it just made it (very) slightly easier and cheaper
3) Prepare for the FUD as proponents of Bitcoin’s early ossification try to weaponize this w/o nuance— Seth For Privacy (@sethforprivacy) February 3, 2023
We can have NFTs and collectables on Bitcoin without spamming/attacking the network.
Taproot actually makes this even easier; the “tapscript” could be a new kind that refers to a torrent magnet instead of a script, and the spend on-chain doesn’t need to add any data.
— @LukeDashjr@BitcoinHackers.org on Mastodon (@LukeDashjr) February 3, 2023
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Sourced from decrypt.co.
Written by Jason Nelson on 2023-02-03 23:16:51.