fade2's avatar
fade2 2 months ago
Can I posit something to you I've been thinking of? What if "spam" was able to fit in smaller blocks? Today spam requires a greater amount of blockspace but tomorrow it may not. Does the rationale change? Do we advocate for smaller block sizes? This is where I struggle. If an ordinal is going to pay an exorbitant amount to get into a block... Isn't that representative of a free market? Isn't that what bitcoin is about? Please school me!

Replies (1)

BitcoinIsFuture's avatar
BitcoinIsFuture 2 months ago
Fees don't price spam out, spam is getting larger. Look at the data. image Bitcoin mempool and blockchain is for monetary transactions. Spam currently takes more than 36% of the blockchain space and brings less than 1% of revenue for the miners. It devalues Bitcoin, its a waste, it makes running a node harder and it hinders decentralization. There are memcoins for spam and jpegs. Bitcoin is Freedom Money.