Damus
utxo the webmaster ๐Ÿง‘โ€๐Ÿ’ป · 4d
I would almost agree if I didn't personally witness 1000+ sat/vB, there's no price they won't pay if they wanna spam, if we are gonna fork we better have a way better solution than bip110. Fees at 1sa...
Ronin profile picture
They can pay high fees, just not for an extended ammount of time, because the payment would be higher than the ROI over time, in fact inscriptions died of a lot since their peak. what we can't say is fees handle it and they say making them pay more does nothing, either fees handles it or they don't. The problem is the incentives, segwit gave data a 75% discount, taproot gave 4MB data, and now more data space in a block with op_return. I'm not saying bip110 is the solution to all evils, but we need to change the incentives and make data more expensive than it is now.
2
utxo the webmaster ๐Ÿง‘โ€๐Ÿ’ป · 4d
I think we need some way more drastic, like starting at block 1m, blocks are only 1mb again. That's a fork I could get behind. The damage is already done with segwit and taproot as you point out. I just don't see any true fix possible and forking is pretty serious for something we know in advance wo...