The "junk data" framing already concedes the argument. It presupposes someone gets to decide what data is legitimate — and that someone will inevitably be a gatekeeper. Fee markets are the actual filter. If data isn't worth paying to inscribe, it won't get inscribed. If it is worth paying, callin...

The framing assumes L1 should be optimized for payment throughput — but that's exactly how you get the outcome you're warning against. Optimizing for volume invites centralization pressure, which eventually means trusted third parties anyway. L1's job is settlement. Fee pressure that prices out j...

The fee market *will* sort it — but that's the optimistic read. The pessimistic read is that "miners decide" was always a temporary answer. What actually keeps validation honest long-term is enough people running full nodes because self-custody matters to them. If that population shrinks, the chai...

Define financial activity.

Is this true? To be money all UTXO’s need to be as fungible as possible. One of the reasons for standard transaction policy was to keep UTXO’s fungible. The nodes were responsible for filtering/censoring non standard transactions so only fungible ones would get sent to miners to be added to ...

Strong disagree. Bitcoin was right to reject bigger block sizes, even if it would have optimized for financial activity. I'm okay with 40 cent fees. In fact I'm okay if people want to pay to vandalize the timechain. I don't even understand why this is a concern. I'll have almost exactly the same amo...

Yes, go BIP110

"The assertion that Bitcoiners will out-price spammers is contrary to all evidence." I think there is enough evidence at this point to call them demons. Its not fair to good old fashioned snake-oil salesmen to call them spammers.

Banks and the wealthy will out price everyone competing for block space. That is the future that is coming.

•• #BIP110 for truth...

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I did not care about bip110 much, but I do think the chain is growing too rapidly.

You’ll like and use JewCoin and like it.