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After digging into it, it appears to me that BIP-110 is well meaning by some of the best people in Bitcoin but that it won’t be effective at its mission as intended even if it were to pass.
Quantoshi.xyz · 18h
BIP-110 is a beautiful and lovely idea. Nobody likes spam and everyone wants there to be a free way to stop spam. And I would love to live in a world where clever rules can stop clever people from breaking the intent of the rules. But it’s simply not possible. Spam will always be there. Even in ...
Quantoshi.xyz · 18h
Here is a good example: ordinals are spam. Everyone agrees. But that didn’t stop ordinals from becoming BIP-110 ready! BIP-110 increases ordinals cost by less than 1%. https://image.nostr.build/65ad56d1eaa549a0603f1032672c7025b7df8106004dc04a4e6a4c706790926f.png