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For purely selfish reasons, 1MB of jpegs in op_returns are worse than 1MB of jpegs in inscriptions, because op_returns take up more base space, which is the more expensive part of blockspace. My transactions must use some base space, as a transaction that *only* uses the less-expensive witness space would be invalid. As a result, I prefer *less* of that base space to be consumed by jpegs, so that I can use that space; and therefore, even if I had purely selfish motives, I would consider it worse for 1MB of jpegs to be embedded in op_returns instead of inscriptions.