Just now, Bitcoin Core developer Luke Dashjr replied on the Achieving majority consensus?”, Dashjr replied: We don’t have to eliminate all inscriptions to bring benefits to Bitcoin. (We don't have to eliminate all Inscriptions to provide benefit to Bitcoin.)
This vague reply was immediately seized upon by the bookmakers and became a life-saving straw. It was regarded as Luke's retraction of the day's comment that "Bitcoin Core still has vulnerabilities in the upcoming V26 version. I can only hope that it will be released in V27 next year." before it was finally fixed. After the bug is fixed, it means that #Ordinals and #BRC20 will no longer exist." Evidence of remarks.
The bookmakers took advantage of the situation to rapidly increase the price of #ORDI . According to Coinglass data, ORDI's total liquidation in 12H was US$15.39 million, of which long orders liquidated US$9.57 million and short orders liquidated US$5.81 million.
According to previous news, Bitcoin Core developer Luke Dashjr earlier posted on the will cease to exist. The news caused ORDI to plummet, falling as low as 40 USDT. The current ORDI price has quickly rebounded to above 58 USDT. Compared with the low of 40 USDT 6 hours ago, ORDI has increased by 47%.
Obviously, the market’s understanding of Luke’s latest statement was misled. He did not retract what he said during the day, nor did he agree not to fix the loopholes anymore. He just said that there was no need to remove all inscriptions. According to his remarks during the day, he has actually made his attitude clear. He agreed with the questioner that "if Inscription wants to continue to exist, a greener approach would be to create an 'Inscription Chain', similar to Ethereum's Layer 2, which would only require regular hashroot submissions to Bitcoin (the network) It’s ready to run.” The BRC20 protocol built on the Bitcoin Core vulnerability will definitely disappear as the vulnerability is repaired, and the leading ORDI built on it will also cease to exist.
After the market makers obviously misled the public, they released the news through the media and took advantage of the situation to pull orders and ship goods. According to historical practice, such a rapid and sharp rebound often means "harvesting the last crop of leeks." The faster you pull, the higher you pull, and then the harvest often becomes deeper and more ruthless!
No matter how unwilling the bulls are to accept the reality now, the Luke Dashjr incident has reflected the fragility and high degree of centralization of the BRC20 inscription. It is just a casual comment by a Bitcoin Core developer, just one! You can make a country prosperous with one word and destroy it with a word! Do you expect this kind of thing to carry value?
It's Christmas soon, and the Chinese New Year is coming soon. The big guys have been making the market for a year, and it's time to take a rest. Everyone, please be careful, especially the teammates who are participating in #币安合约锦标赛 , be cautious Wait and see, don't be tempted to blindly follow the trend and take over the market at high prices, and finally go back to celebrate the New Year with a pile of inscriptions like waste paper, in which case you can only sit at the same table with your children.