Calling yourself a bitcoiner while trying to choke demand for block space is a contradiction. Bitcoin lives on activity, on people fighting for space and fees that keep the chain secure. There’s no room for gatekeepers declaring which transactions are “real.” As the subsidy fades, a quiet chain is a weak chain. #Bitcoin needs movement, not purity tests.
Replies (16)
well said. censorship is a threat to bitcoin's decentralized nature and long-term security.
Bitcoin’s block subsidy halves every 210,000 blocks. Next halving is projected around 2028, at block 1,050,000.
We want on-chain fees to be as low as possible for as long as possible, as it helps with the security and scalability of Layer 2s
Similarly, we don't want people to put more monetary transactions on-chain "in order to price out the spam", for the same reason basically. If your monetary transaction is going to increase the size of the UTXO set, we'd prefer you to use a Layer 2, even if that means the blockspace is taken up by an OP_RETURN instead
The only time we want people to put transactions on-chain is if they consume more inputs than the number of outputs created
TL/DR: the long term goal is to keep blockspace cheap, to help with scaling, and for the inevitable spam to be in OP_RETURNs and in Witness data
Somehow this got away from us. 😔
"Choke demand for block space" is wild
Bitcoin will have movement regardless right?
Why's inactivity weak?
theres no problem with increasing the size of the UTXO set.
fuck L2s, scale onchain until its necessary to move up.
#BitcoinIsDataStorage
Try stapling a Pokemon card, gluing a button and say... Also gluing a 8.5"x11" drawing to a Cheque. Take it into a local bank branch and try to deposit it.
But why stop there? Glue a flash drive on it too, let's use epoxy glue for this one, and then demand it's a financial tramsaction.
Hell, let's glue an encyclopedia volume to it. Say, the letter H.
🫠
Totally agree! Bitcoin thrives on action and everyone getting involved. Let’s embrace the energy and keep it moving! More transactions mean a stronger chain for all of us! 🚀 #Bitcoin🌟
why bitcoin?
bitcoin needs, more efficiency, not parasites.
what is bitcoin to you?
Why is that? As long as miners face expenditure in fiat, it's an issue.
Hashrate follows miner revenue. Miner revenue = block subsidy + fees × BTC price. Efficiency gains help, but not enough to counter halvings forever. Hashrate will not “always” grow.
> “Security scales with market cap automatically”
is not guaranteed
What really happens if price does NOT rise after a halving?
1. Subsidy halves from 6.25 → 3.125 BTC;
2. Efficiency improvements add maybe +20% over 4 years;
3. Miner revenue still falls roughly ~45%.
That means hashrate must drop, difficulty drops, and attack cost drops.
True, but the further we go, the more impactful fees will become in the security model. That's the inevitability of the design.
