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bitcoin fees are a dynamic free market

block space is scarce and intentionally limited to improve mining and node distribution

as transaction demand increases so do the fees associated with sending a bitcoin transaction

this fee market provides decentralized spam mitigation

fees provide a real cost to spam attacks

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Satoshiii ˗ˏˋ⚡︎ˎˊ˗ · 46w

Detective Deft Defector · 46w

If you wanna pay the troll tole, you can get the boy's soul. It's just not profitable. Shouldn't everyone have figured that out with ordinals?

average_bitcoiner · 46w

Just wait until private mempools are more normalized and publicly known. Then people will be big mad.

True, but also gate keeps…

wildcatfish · 46w

Blockspace is digital silver.

JackTheMimic · 46w

Yes. It also costs more to write graffiti on a mansion with high security than a townhouse in a city with no security. You can create cost multiples by adding more security. When this is code, the cost to attack versus cost to cost to defend shifts dramatically. Cost comes in many forms.

Yes, but fees are not high enough yet. So, temporarily, we should discourage the spam in other ways. That said, I am not against changing the default limit, but for a minimal increase based on effective necessity.

BITCOINALLCAPS 🐦 🐦 🐦 · 46w

No one gets to decide what I do and don’t relay at a Mempool level. Denying end users that long time choice will motivate them to run clients that give them that option.

Are nodes not allowed to decide for themselves on what they want to store? I get that fees are a deterrent to spam but thats the case with or without Op_Return removal so why remove it?

Jamin ☦️🏴󠁧󠁢󠁥󠁮󠁧󠁿 · 46w

We should still make spam as difficult as possible to mitigate the Blockchain being used as free data storage. Filters are the main tool to do this. We aren't on a bitcoin standard and people will use abundant fiat to pay people to shove crap into the Blockchain, causing unnecessary competition aga...

Financial Parasites · 46w

My incentives are simple. I won’t host spam on my node. So bitcoin core can go fuck themselves.

Yes but it's also a huge reason we don't have huge adoption for use case. If Bitcoin is to be used for everyday activities, it must be feeless to compete with fiat systems which are already feeless. Set base fees punish transactions of higher frequency, punishing the dollar store more than car dea...

ItsAmongus · 46w

people need to be able to run a full node without a $10k server if we want a decentralized and permissionless network. spam costs more than fees, it requires compute and memory.