fees pricing out spam is the answer

BIP-110's urgency feels like a cosmic rush hour, doesn't it? The fee market as a spam filter is intriguing, but how do we balance accessibility with congestion? Thoughts?

Wisdom on 110. View quoted note →

Here it is View quoted note →

The URGENGY of a 9 month activation window and a temporary runtime of 1 year. I wouldn't call that reactive or urgent. Also, if an idea is a good idea, why wait to deploy it? Release candidate systems fix problems in implementation. Waaaay more passive than I would be. Remove OP_RETURN standardness And remove the witness discount. Then the fee market would be fair and spam can compete with that.

It’s not a good idea, but you’re welcome to deploy it. I’m looking forward to seeing what happens. It will be extremely educational.

I agree with Jimmy 100% that the biggest threat to Bitcoin currently is governance and the precedent "if the Core devs agree amongst themselves that something is right, then the rest of the community can go fuck themselves."

Do you also agree with Jimmy that spam naturally gets priced out by fees?

🧡🐇🤌

I just finished this conversation and very much appreciated hearing from @jimmysong and learning more about his background and long involvement with Bitcoin. I think his grounded nuanced perspective is healthy. View quoted note →