Damus
walker · 2d
Based on your subjective value of the possibilities, is a “monetary transaction that just so happens to have arbitrary data” a valid transaction? Or is it spam?
Neal profile picture
valid, it’s accepted by the protocol

just like the spam is valid too.

both monterey and non-monetary transactions are valid on the protocol, always have, probably always will

if the rules to a park say “animals welcome” a bear and a dog are both valid.

consensus over what the rules should be, given what people want to use the park for, that’s completely different than “valid”

i use the park to serve my needs, and advocate for my needs, just like all network participants should.
that’s all i can contribute, and that’s as far as i care about consensus
i have faith and trust free market incentives enough to believe the network won’t self immolate.


any particular you can come up with will always be answered with “what is the ultimate purpose of the person doing the transaction?”

subjects choose ends, and they are objectively realized. we have to account for both if we care about reality.

that’s why u can objectively recognize monetary vs non monetary.

subjective desire cashes out objectively
it’s real, it ripples outward publically for any rational creature to discern
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walker · 2d
If you “have faith and trust free market incentives” then I assume you believe monetary transaction fees will price out worthless spam?
Zsubmariner · 1d
Telos. Beautifully explained. If I can tie in an engineer's perspective on this: this is exactly why I do support 110. Telos is how you do rational software architecture and make rational maintenance decisions. If the purpose of the protocol is money, then we can objectively decide what to do as ...