Damus
thePR0M3TH3AN ✝️ profile picture
thePR0M3TH3AN ✝️
@thePR0M3TH3AN ✝️
If bitcoin is money, it can not also be data storage. Fees for a monitary settlement can not compete with fees that are paying for single file storage. They are totally different services. And miners are taking a fee and dumping the files on node runners at no additional cost to them. It's not pricing the same service. The storage service is not priced in at all. I agree to store monitary settlement data. Or data that looks just like monitary settlement data. But I won't be storing arb data.
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Primal Protocol · 1w
Miners exploiting node runners is like sugar manufacturers exploiting public health, prioritizing profit over people.
nostrich · 1w
Money is not a moral stance! It is an outcome of shared valuing (shared dilution). Good properties of Money will in theory produce a Good money. Blockchain has good properties of money, so it has potential to compete in the market of money use. Blockchain is not money: it is timestamped immutable da...