The criticism is directed at spam, and the fact that other chains do not allow it.
The spam numbers for Bitcoin are simply outrageous.
It is not using Bitcoin for what it was designed for, that is m...
I see. IMO there's no perfect solution, just different tradeoffs.
I haven't personally thought much about the spam debate. My (ignorant) view is that fees are too cheap and that's the consequence of a bigger problem (lack of adoption and MoE through self custody). Maybe that's what we should focus on instead.
I would expect that with 10x or 100x fees, spam would just be priced out. Another point is that it kind of “helps” to have a baseline “security budget” sponsored by bored people. Cool, whatever.
I generally don't like the idea of saying what a system/protocol is “for”. With a hacker mindset, I admire when someone finds a new use to an existing thing. For example, hash algorithms are not meant to be used for anything like Proof of Work, but it's amazing how well they fit.
Not saying that embedding pepe images on Bitcoin transactions is that “hacker” breakthrough. But who knows what people will come up with in the future.
Please, educate me on whatever I'm missing. Really haven't put much thought into it. The topic looks so “hot” and politics-like that just pushes me away.
I haven't personally thought much about the spam debate. My (ignorant) view is that fees are too cheap and that's the consequence of a bigger problem (lack of adoption and MoE through self custody). Maybe that's what we should focus on instead.
I would expect that with 10x or 100x fees, spam would just be priced out. Another point is that it kind of “helps” to have a baseline “security budget” sponsored by bored people. Cool, whatever.
I generally don't like the idea of saying what a system/protocol is “for”. With a hacker mindset, I admire when someone finds a new use to an existing thing. For example, hash algorithms are not meant to be used for anything like Proof of Work, but it's amazing how well they fit.
Not saying that embedding pepe images on Bitcoin transactions is that “hacker” breakthrough. But who knows what people will come up with in the future.
Please, educate me on whatever I'm missing. Really haven't put much thought into it. The topic looks so “hot” and politics-like that just pushes me away.
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