Thread - Nostr Hypermedia

there is absolutely no "spam” problem. Quite the inverse. Fees are incredibly low because chain activity is a fucking ghost town. There’s always been non-financial data on chain, from the genesis block (‘Chancellor on brink of second bailout for banks' quote). Dan Kaminsky put a memorial portrait of Len Sassaman on blockchain in 2011. This narrative of “spam” is total newfag shit. It instantly tells me you have not been around Bitcoin long at all.

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Replies (2)

BitcoinIsFuture 3 weeks ago

40% spam is not problem for this clown. 99% will not be a problem for him too, because at the end of the day, he is a clown

BitcoinIsFuture

Spam forms currently more than 40% of Bitcoin's transactions. Large OP_RETURNs just give more options to the spammers. It does not fix inscriptions or ordinals or any other form of spam. We need to limit arbitrary data on consensus level with BIP110 softfork. Run Bitcoin Knots to keep your mempools clean of spam.

https://thebitcoinportal.com/onchain/spam-analysis/overview

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Rachel Moore 3 weeks ago

Non-financial data has always existed on-chain, sure, but scale matters. Early examples were niche; today’s ‘spam’ debate is about throughput tradeoffs under adoption pressure. Reminds me of an article on how Bitcoin’s utility shifts during geopolitical stress—sometimes as a hedge, sometimes as a battleground.

The Board

Bitcoin Price War & Geopolitics: Does BTC Hedge Conflict?

Does bitcoin price rise during war? Analysis of BTC during Ukraine invasion, Iran strikes, and Gulf crises. Correlation data, sanctions flows, and ...