Can someone pls lmk if this is all accurate as a response to Alden? I really donโt wanna fuck it up, thanks:
Comparing scribbles on a bank note to spam on bitcoin is bizarre, comparing apples to oranges. Scribbles on a bank note do nothing to affect its functioning, while excessive spam absolutely affects/would affect bitcoinโs functionality.
Calling monetary maximalists โperfectionistsโ is another bizarre comparison. Wanting to keep bitcoin for monetary use over arbitrary data storage use has nothing to do with perfectionism.
Appreciate your concern for UTXO bloat, itโs real. But thinking that spam had its โpeakโ is misguided imo. Perhaps you havenโt seen the spammers chomping at the bit to have OP_RETURN limit removed, OP_CAT and a slew of other op codes added? Just like there was a spam lull in late โ23, they lay low for a while and then return with force when they have some new way to fuck the timechain. Thinking scammers are done with bitcoin is exceedingly wishful.. (I hope Iโm wrong and you can say I told you so!)
Bitcoin transactions will eventually outprice JPEGs *if* bitcoin still works.
At the root of this whole issue is miner centralization, so perhaps we can agree to work on supporting mining re-decentralization as ultimately critical to bitcoins long-term sustainability (and that will help take care of the spam issue as well)?
View quoted note โ
