Replies (13)

Mike's avatar
Mike 3 months ago
Is it your opinion that, without filtering, data storage will outbid monetary transactions in the long run?
Mike's avatar
Mike 3 months ago
I’m not sure if that’s accurate, but regardless, block space is still cheap.
I'll give Adam the benefit of the doubt and assume he realized he was wrong and changed his position. Lopp on the other hand already got his one chance. He was initially on the big blocker side in the block size war. He'll probably come around at some point on this too. Some people tend to change their minds when it becomes obvious they picked the losing team. From the article: Lopp says the block size wars (2015–2017) was the period when he started to become really well-known in Bitcoiner circles. Initially, he was on the big blocks side, writing an article in 2015 calling for an increase in the 1MB size of blocks to increase capacity and suggesting blocks may one day hit 10GB. He also supported the Bitcoin XT fork of Bitcoin Core, which ended up part of Bitcoin Cash.
Is it true that you would only need for 1 mining pool to run Core v30 and when a block gets accepted, then everyone including Knots node runners will automatically download the highest block even if it’s full of spam and even if the Knots filters would have otherwise prevented it? If that is the case, then running Knots will not be sufficient. We would literally need for everyone to agree to not run Core v30 otherwise everyone else gets an equal amount of spam? I feel like that point isn’t being specified, unless I’m wrong about it?
Mike's avatar
Mike 3 months ago
Fees are 1 sat/vb, so they’re not outbidding monetary transactions.
That's correct. The filtering rule should be made a consensus rule, that's the proper way. Without that it's all shouting in the void.
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