Bitcoin Group Divided Over BRC-20 Meme-Coin Fever Inflicting Congestion

Nonetheless, the core drawback right here isn’t that Bitcoin is getting used to characterize frog pictures per se, however that its worth as an environment friendly, intermediary-free settlement system for transferring worth of all types is undermined by blockspace congestion. (As CoinDesk columnist David Z. Morris wrote this week, Bitcoin can be experiencing the identical issues if, as its advocates hope, tens of millions extra individuals had been utilizing Bitcoin for financial functions.) That’s the place the governance dialog must be targeted.