Damus
ODELL · 123w
BITCOIN HAS A BRILLIANT SPAM MECHANISM: TRANSACTION FEES.
B1tR0y profile picture
Right but happens when the spammers are funded by the competition (aka the money printers)? IMO L1 should be kept as low fee as possible for as long as possible to maximize the amount of folks who can participate in the self custody revolution. This gives #bitcoin the best possible chance of breaking the #tradfi strangle hold of the fiat price of #btc and simultaneously the best chance for us to break the state and currency link.

Meanwhile the mempool now sits around 1.5 GIGS! This spam has the potential to not only keep lower USD networthers barred from participating in the self custody revolution because their UTXOs are economically paralyzed by high L1 fees, but it also has the potential to make the protocol less decentralized by increasing the hardware requirements for running nodes if it keeps growing. Anyway just my 2 sats. 🫡
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Brick · 123w
There is no 'the mempool'. Every node has its own mempool. Spammers will pay to play like everyone else.
Mnm · 123w
What happens? You mine Bitcoin, that's what happens.
Mnm · 123w
My mempool is 200mb. The rest is spam.
SnOoZ · 123w
Think in a longer term and the discussion about that will disappear. The ordinals people have their fun now. Good thing is that they have to pay the fee in Bitcoin and not FIAT and that pushes the BTC price up because its a use case for some. And because Bitcoin supply is limited and with rising ...