Bitcoin Monk's avatar
Bitcoin Monk 3 months ago
Total bull. Here's what actually happened. Filters work just fine. Claiming that fee are the only filter ignores all of bitcoins history. 2023 a few new methods of spam were discovered. Luke made a pr to filter that crap and core just refused to adopt them. This is the dramatic shift in the development process. It's not that filters became less effective, it's that for some reason bitcoin core just decided to stop using them. This is why the name calling and the claims of shitcoining, because there is no other logical conclusion for why all of the sudden we were just going to let literal attacks go unchallenged. That is not hyperbole, these spammers has said publicly that their goal is to ruin bitcoin and make it unusable. There is no reason to force monetary use cases to compete with spam in the fee market. This completely distorts the incentive structure. Spammers stand to make money from their transactions where a monetary transaction only looses money to fees. This premise that you should be willing to pay more than spam for block space or you don't really care about bitcoin is false. The use cases and therefore incentives are completely incompatible. A monetary network wants fees to be as low as possible, that's one of the reasons we invented lightning. Spammers are willing pay extraordinary fees because they are selling satoshis for more than they are worth. Spammer get paid to make transactions! How can some mom and pop shop or normal user compete with that? Now fast forward to today, people like Calle are parading around pretending that filters just stopped working when in reality we just stopped using them. When used filters work incredibly well. The cat and mouse game is absolutely worth playing because the ones using the protocol for its intended purpose have the advantage. Notice there are not a million new ways of spamming bitcoin, there are just a couple that can be easily filtered. You do not have to update every day, that is a wildly ridiculous claim. In the real world developing these schemes to sneak data into bitcoin take time to develop but only minutes to filter. Luke demonstrated this at btc++. When scammy projects see that they will spend tons of resources to develop their product only to get filtered out, they will just stop trying. If for some reason they can just keep burning money spamming bitcoin and creating new protocols to do so, they are probably just connected to the money printer. This is not 'the price of decentralization', it is an obvious attack and cores lack of action while the utxo set tripped and the block chain was flooded with jpegs should raise major red flags. If it wasn't clear let me reiterate. YES, knots filters most spam already. The reason it doesn't do much is because 98% of the network, until recently, refused to do anything about it. Since 2023, when the majority of this nonsense started, there has been a decisive change in the priorities of the project. This shift in attitude is the big change that we should all be extremely concerned about. The change to op return and standard fees are just going to make it easier to spam the chain and are a direct result of this change in attitude. If we allow this they just move on to the next filter they want to rip out and bitcoin will slowly turn into ethereum. Is that what you want anon?

Replies (1)

"...these spammers has said publicly that their goal is to ruin bitcoin and make it unusable..." Bring it on. I will out work them in the real world and outcompete them longterm to transact, until they are out of resources. Fees neutrally reward work. Simple. Longterm. Equal. They rely on work outside the system.