Red Vs. Blue: The Bitcoin Ordinals Wargame

For over a year, some have considered bitcoin to be under siege. Fee spikes and transaction volumes associated with Ordinals and Inscriptions have impacted other users, and some even propose these may be cover for a deliberate attack by a well-funded state actor. Yet at the same time, others see the very same events as demonstrating Bitcoin is stronger than ever. Tensions between both sides are escalating, positions are becoming entrenched, and dialogue is breaking down. Battle lines are being drawn and reconciliation seems increasingly unlikely. We may be in the early innings of the next fork war, and I believe that once again, one side is fundamentally misunderstanding the…

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