Damus
nout · 5d
If bip110 is intended just for virtue signalling and it only applies for 1 year, then maybe, just maybe, we don't need to softfork bitcoin for that. Could the proponent tattoo themselves with the arg...
nostrich profile picture
It’s not virtue signaling. Through consensus tightening, BIP-110 closes the OP_RETURN spam vector that already existed and then Core v30 made convenient and anonymous. It also causes minor inconvenience to some other spam vectors, and shows that action will be taken against non-financial use of the protocol.

Virtue signaling like going on podcasts does almost nothing to deter VCs who fund spam companies.

Occasional disruptions that force spammers to modify how they inject spam makes VCs wonder if a future change might destroy that spam business. So at least some VCs will decide not to fund spammers that are abusing the network.

Even anti-BIP-110 Odell says Ten31 won’t invest in companies that need a protocol change. That’s essentially the same as only investing in companies that play by the FUTURE EXPECTED protocol rules. If a spammer is outside the accepted protocol use and the protocol is periodically pruning out those malicious uses, that’s not a safe investment because you should expect that the protocol may block it in a future release.