franky1
Legendary
Offline
Activity: 4340
Merit: 4667
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 01, 2023, 04:04:24 PM Last edit: March 01, 2023, 04:24:54 PM by franky1 |
|
all you care about is ways to make bitcoin expensive and impractical to use as a p2p network so you can scam, scheme, and and syphon value away from people for your own buddy groups gain. I've noticed this excuse lately from big blockers. Is this really all you have? In my local board, someone argued that the Bitcoin developers don't want scaling, because they're cooperating with politicians, so they can slow down adoption, with second-layer solutions being an obstacle to it. He even argued that due to Mastercard funding the development, it is behind this conspiracy. You sound like him now. In which galaxy do we want Bitcoin to be more expensive and unusable as a peer-to-peer network? Grow up for once and use arguments adults use. by limiting onchain transaction growth. when the total fee's become more important to mining pools it then causes people to pay more with transactions count growth onchain there are more transactors. meaning individuals pay less because .. math if pools need say 0.13000000btc right now as their bonus of 6.25:0.13 reward:fee(income:bonus) which way should it be: 2000 transactors paying 6500 sat each (10 sat/byte of average 650byte) =0.13 or 4000 transactors paying 3250 sat each (5 sat/byte of average 650byte) =0.13 you and your madhatter family/relationships(you and doomads buddies) prefer less than 2000 average transactions per block where 1 person pays for say 0.3mb at 10sat/byte for the inputs/ooutputs. then 2.5sat/byte for the 300kb of bloat/meme and then 1700 other people pay more then 10 sat per byte for real tx data to try to 'outbid' each other to try to get into the remaining area of a block limit .. oh and if you actually research. the main core developers that done these changes are blockstream sponsored. which blockstream were consulting with the hyperledger group (the institutional bankers of CBDC prototypes)so no its not "mastercard" but nice try spinning that stupid idea. its the other bankers that are using bitcoin as the sandbox experiment for limiting bitcoin utility as just a reserve asset vaults/swap and using second layers as the payment system yep idea's inspired by hyperledger way back in 2015 you really should try to look at stuff and not just take doomads narrative. he is not helping you learn at all even your use of the term "big blockers" is not something of a descriptor you have thought up yourself. you are just following a narrative shown to you by idiots that dont understand the big picture
|
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
|
|
|
BlackHatCoiner
Legendary
Offline
Activity: 1638
Merit: 8047
Bitcoin is a royal fork
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 01, 2023, 04:18:53 PM |
|
which way should it be
2000 transactors paying 6500 sat each (10 sat/byte of average 650byte) =0.13 or 4000 transactors paying 3250 sat each (5 sat/byte of average 650byte) =0.13
The one which doesn't break backwards compatibility. you and your madhatter family/relationships(you and doomads buddies) Dude, what are you smoking? oh and if you actually research. the main core developers that done these changes are blockstream sponsored. I have made my research, and Blockstream developers (who were back then Bitcoin Core developers) support small blocks years now, long before second layer solutions come along. I'll quote you a noteworthy part from the book " The Blocksize War", which I suggest you buy and read yourself by the way: Blockstream was therefore hated by the large blockers, who considered it to have a financial conflict of interest: an incentive to keep blocks small. In Blockstream’s defense, there is considerable evidence that most of the co-founders and employees of thecompany supported the small blocker arguments long before the company was even created or conceived.
|
|
|
|
franky1
Legendary
Offline
Activity: 4340
Merit: 4667
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 01, 2023, 04:31:34 PM |
|
nice quote.. have you understood it
rather than PEOPLE that want more transactions small central group controlling the devs decided they wanted small blocks because of financial conflict of interest
yep blockstream got paid HUNDREDS of MILLIONS of dollars. it was not a donation. it was an investment by bankers that want secondary subnetworks that use middlemen getting commission.. yep they want returns on their investments
so yea they dont like bitcoin being a p2p payment system because they cant make money from p2p payments
one script/game they tried was saying "more transactions=big blocks=more costs for nodes = nodes need to be paid" that idea didnt get much traction and died quick
.. the game is currently happening is to ruin bitcoins p2p proposition and try to make people think they need to pay more on bitcoin or pay a middle man on alternative networks
and you are falling into that same narrative
where as .. bitcoin can have more transaction so individuals pay less individually* bitcoin can have better fee mechanisms so individuals pay less individually *bitcoin can have leaner transactions so individuals pay less
.. but you are falling into the trap scripts of "pay more onchain" have less tx onchain. basically the game of everyone suffers unless they move to other networks
|
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
|
|
|
BlackHatCoiner
Legendary
Offline
Activity: 1638
Merit: 8047
Bitcoin is a royal fork
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 01, 2023, 04:42:13 PM |
|
.. the game is to ruin bitcoins p2p proposition and try to make people think they need to pay more on bitcoin or pay a middle man on alternative networks The "game" is to make Bitcoin a peer-to-peer electronic cash system. The second layer solutions don't exist to slow down the adoption, as you and your conspiracy friends believe, pretty much the opposite. Small blocks are a pain in the ass on-chain, I agree, but large blocks don't form a network that lasts. It is not a solution, because it doesn't hold sufficiency in the long term. Here's another quote if you can't comprehend it yet: Large blockers prioritised the short term, while small blockers focused on the long term; I don't say we shouldn't rise the block size limit. As I've said I'm in favor of it. I'm just saying two things: first of all, backwards compatibility isn't an easy-peasy part to go unnoticed, and second, larger blocks don't solve the scaling problem; they improve scaling on the short term, but it stills remains a problem.
|
|
|
|
franky1
Legendary
Offline
Activity: 4340
Merit: 4667
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 01, 2023, 05:15:07 PM Last edit: March 01, 2023, 05:35:26 PM by franky1 |
|
.. the game is to ruin bitcoins p2p proposition and try to make people think they need to pay more on bitcoin or pay a middle man on alternative networks The "game" is to make Bitcoin a peer-to-peer electronic cash system. The second layer solutions don't exist to slow down the adoption, really then how come the narrative is "lets not do onchain scaling and instead do subnetwork offramping" and the whole "be patient onchain scaling will eventually happen when subnetworks hit critical liquidity issues to need more onchain scaling" yep onchain tx scaling has not occured for 7 years because the direction of the core roadmap is to do subnetworks instead thus yes subnetworks are a slowdown of onchain scaling seriously stop the echo chamber of a small central group. and think about bitcoin (the bitcoin network) as a whole for everyone.. you wanting people to move to other networks is about a small group wanting to get paid to be middlemen(routers) they want bitcoin to remain limited and costly as it pushes people away from bitcoin even your quote of the book you mentioned a couple posts ago is telling you this should you read it properly .. here ill reveal the next phase of the game once subnetworks are populated they want to then have mechanisms where fee's are collected into a central middleman to then be sent to pools via private contracts outside of the bitcoin network. so that the pools get paid to continue hashing. but without needing people to settle onchain to pay pools via fee's due to more games of making it too expensive to use onchain transactions and keep people locked into subnetworks for YEARS this "off chain" payments to pools means the users of subnetworks end up paying more routing fee's to fund pools offchain. but where the bitcoin network onchain transactions are made to be even super higher to keep that financial incentive being deemed "cheaper offchain" even though the offchain costs will rise the whole ploy is not to have a cheap functional decentralised payment network. but a middleman payment network with an expensive to use vault/reserve value network which only the elitists can afford to use becasue they are only moving large amounts
they(the centralist idols you love/follow) do not want a decentralised bitcoin network for the unbanked without middlemen.. they want the opposite. yep blockstream and its subsidiaries(chain code labs and brinks) have received hundreds of millions of investment from institutional investors and those investments need to generate returns the sponsored devs interests are not about "the community/bitcoin ethos" its now their duty to make returns for their investors meaning breaking the bitcoin ethos to fit whatever system can help give back institutions their investments
|
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
|
|
|
fillippone
Legendary
Online
Activity: 2282
Merit: 16348
Fully fledged Merit Cycler - Golden Feather 22-23
|
Glassnode published an interesting research on the impact of ordinals in the base layer. It was published a few days ago, butt seems it wasn't reported here, but I think there are many interesting insight on the phenomenon: Ordinal Theory and the Rise of Bitcoin InscriptionsRecent weeks have seen an very unexpected trend emerge on the Bitcoin network, being the permanent and immutable inscription of data, directly into the Bitcoin blockchain. Data files that have been inscribed range from images, to audio clips, and even a version of the video game Doom. This event has inspired a great deal of discussion and debate around the ramifications of this non-monetary application of Bitcoin blockspace. Given the significant surge in interest regarding NFTs on other blockchains over the past 24-months, it can be expected that the emergence of NFT-like collectables on Bitcoin will experience a similar growth trajectory. In this report, we will explore the fundamental properties of both Ordinal Theory, and Inscriptions, and then analyze how this trend is being expressed within the footprint of Bitcoin on-chain data. Maybe the (first) climax has already passed, but it's plenty of interesting analysis.
|
|
|
|
larry_vw_1955
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 02, 2023, 01:53:09 AM |
|
the whole ploy is not to have a cheap functional decentralised payment network. but a middleman payment network with an expensive to use vault/reserve value network which only the elitists can afford to use becasue they are only moving large amounts
i don't want to send my money on some level 2 network. if i'm doing that, i might as well be using an altcoin not bitcoin right? because level 2 = bad.
|
|
|
|
franky1
Legendary
Offline
Activity: 4340
Merit: 4667
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 02, 2023, 03:54:18 AM |
|
the whole ploy is not to have a cheap functional decentralised payment network. but a middleman payment network with an expensive to use vault/reserve value network which only the elitists can afford to use becasue they are only moving large amounts
i don't want to send my money on some level 2 network. if i'm doing that, i might as well be using an altcoin not bitcoin right? because level 2 = bad. there are ways to lock value and represent said value to be spent in alternative systems. however the current methods of certain systems are prime for abuse and dont actually represent/link/peg to said main value very well on the alternative system side .. there will be some subnetwork systems in the future, but the current ones being promoted the most, wont be it. it is too flawed to be of general use, let alone used for a niche, as the representations/peg/lock is weak on the subnetwork side .. there will be NFT on bitcoin eventually (via file hash representation that moves with the spender.. not vaulted whole file library with no latter representation in child tx), but the ones being currently promoted as ordinals are not NFT, its too flawed to be actually tradable onchain. as the representations/peg/lock is non-existent on the child utxo side
|
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
|
|
|
bbc.reporter
Legendary
Offline
Activity: 3052
Merit: 1477
|
and thats the silly stuff that needs correcting.. they are not wrote into satoshis. they are placed as dead weight data into the witness area which is separate to the value stuff. and when value is spent the next tx has no references in a spending tx that even references the dead weight data. when/if the silly ordinals go bad and/or casey changes his algo to change which output he deemed is owner. and people are left realising they overpaid for something they have no claim over.. they will say bitcoin cheated them I do not quite understand how trading NFTs will work in ordinals. How is trading possible in ordswap.io if there are no references to the artwork or the data? You appear to be telling everyone that people might lose their NFTs, however, trading has begun without complaints from the people. https://ordswap.io/In any case, there are many bitcoiners in social media that say NFTs in bitcoin are dead but it might only be the beginning, I reckon. We cannot be certain where this will stop. It can be argued that it might bring more adoption on bitcoin.
|
| | . .Duelbits│SPORTS. | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | ███▄██▄███▄█▄▄▄▄██▄▄▄██ ███▄██▀▄█▄▀███▄██████▄█ █▀███▀██▀████▀████▀▀▀██ ██▀ ▀██████████████████ ███▄███████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ▀█████████████████████▀ ▀▀███████████████▀▀ ▀▀▀▀█▀▀▀▀ | | OFFICIAL EUROPEAN BETTING PARTNER OF ASTON VILLA FC | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | 10% CASHBACK 100% MULTICHARGER | │ | | │ |
|
|
|
BlackHatCoiner
Legendary
Offline
Activity: 1638
Merit: 8047
Bitcoin is a royal fork
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 02, 2023, 03:05:59 PM Merited by JayJuanGee (1) |
|
yep onchain tx scaling has not occured for 7 years because the direction of the core roadmap is to do subnetworks instead And yet, it's the most powerful backwards-compatible, censorship-resistant monetary network on the planet. On the other hand, what you're proposing is to increase the block size limit, as there hasn't been a long discussion about this already, make blockchain work less efficiently, and break backwards compatibility. My question is: why aren't you on Bitcoin Cash already?
|
|
|
|
nutildah
Legendary
Offline
Activity: 3108
Merit: 8368
Happy 10th Birthday to Dogeparty!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 02, 2023, 03:41:56 PM Merited by JayJuanGee (1) |
|
In any case, there are many bitcoiners in social media that say NFTs in bitcoin are dead but it might only be the beginning, I reckon.
The beginning of NFTs on Bitcoin actually goes all the way back to the first 1 of 1 token on Counterparty, which is OLGA, issued on Jun 12, 2014. A cool thing about OLGA is its artwork is actually stored on-chain, though it wasn't added until a bit more than a year later. This is the transaction that uploaded the artwork (it is Counterparty-encoded): https://www.blockchain.com/explorer/transactions/btc/627ae48d6b4cffb2ea734be1016dedef4cee3f8ffefaea5602dd58c696de6b74Then it was followed by several other proto-NFT projects on Counterparty, including NILIcoins, Spells of Genesis, and most famously, Rare Pepes. These of course aren't technically NFTs by the strictest definition as they are 1 of manys, rendering them rather fungible. There's a few Rare Pepes that are 1 of 1s, like HOMERPEPE, which sold at auction for $320k in Mar 2021. It can be argued that it might bring more adoption on bitcoin.
Assuredly.
|
|
|
|
franky1
Legendary
Offline
Activity: 4340
Merit: 4667
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 02, 2023, 04:00:13 PM Last edit: March 02, 2023, 11:27:39 PM by franky1 |
|
these silly memes being "sold" for hundreds of thousands. are not actually sold to new recipients its the maker selling to himself, to set a spot price. but at no cost becasue funds move from and back to the same person
this then fakes a price. to make people think they are worth a high amount
this same game was played on ebay with UK 50pence pieces being sold by.. the buyer being the seller, offering themself a price of £5-£50 just to set fake prices and get some media attention making people think 50pence pieces were worth £50
.. as for ordinals. they are not NFT. by any strength of peg/representation
|
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
|
|
|
Artemis3
Legendary
Offline
Activity: 2030
Merit: 1568
CLEAN non GPL infringing code made in Rust lang
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 02, 2023, 05:21:09 PM |
|
I started a new 1 sat/b actual Bitcoin transaction yesterday. Lets see how many days the current spam wave will make me wait... Remember, it used to be 2~12 hours before Ordinals and friends invaded.
|
█████████████████████████ ██████████████████████████ ██████████████████████████ ███████████████████████████ | BRAIINS OS+| | AUTOTUNING MINING FIRMWARE| | Increase hashrate on your Bitcoin ASICs, improve efficiency as much as 25%, and get 0% pool fees on Braiins Pool | |
|
|
|
larry_vw_1955
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 03, 2023, 01:17:33 AM Merited by JayJuanGee (1) |
|
these silly memes being "sold" for hundreds of thousands. are not actually sold to new recipients its the maker selling to himself, to set a spot price. but at no cost becasue funds move from and back to the same person
this then fakes a price. to make people think they are worth a high amount
probably! for example: can someone explain to me why they would pay 1btc for images like this one? i https://ordswap.io/inscription/cb3894a721ea7852e0c075ecbeaf23c107c2336e7eb849ebae7c8138228583b6i0 just trying to understand if there's something i'm missing. i understand sellers can set their asking price whatever they want but why would someone pay $20,000 for a simple image like that? obviously, this person thinks just because it has a low inscriptiion number he can charge people 1btc for a piece of junk. ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
|
|
|
|
pooya87
Legendary
Offline
Activity: 3570
Merit: 10837
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 03, 2023, 05:28:41 AM |
|
It can be argued that it might bring more adoption on bitcoin.
It won't because those who are interested in these shittokens aren't adopting bitcoin. They are basically gamblers who seek out something (in this case garbage) they can place some "bets" on and see if it goes up in value so that they can make some profit. In fact if the Ordinals attack has any effects on bitcoin adoption is that it will prevent adoption by making bitcoin hard to use and possibly even unusable if it picks up and the spam reaches or surpasses the 2017 spam levels.
|
|
|
|
nutildah
Legendary
Offline
Activity: 3108
Merit: 8368
Happy 10th Birthday to Dogeparty!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 03, 2023, 08:10:06 AM |
|
these silly memes being "sold" for hundreds of thousands. are not actually sold to new recipients its the maker selling to himself, to set a spot price. but at no cost becasue funds move from and back to the same person
this then fakes a price. to make people think they are worth a high amount
Wash trading in Ethereum NFTs exists (as it does in BTC and every other major cryptocurrency) but I'm calling horseshit on this until you provide a concrete example of it happening with a Bitcoin NFT.
|
|
|
|
Hispo
Legendary
Offline
Activity: 1330
Merit: 2326
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 03, 2023, 01:22:09 PM |
|
I started a new 1 sat/b actual Bitcoin transaction yesterday. Lets see how many days the current spam wave will make me wait... Remember, it used to be 2~12 hours before Ordinals and friends invaded.
I would have set that transaction at 2 sat/bit at least, considering I have been noticing some important accumulation and delay on those that have opted for 1 sat/bit. Nonetheless, I am confident enough that this weekend we could see a significant drop in the mempool memory and the cheapest transactions could go through without much problem. If there is no reduction, then next week would be one of high fees, similar to what we witnessed in mid February. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Wind_FURY
Legendary
Offline
Activity: 3038
Merit: 1891
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 03, 2023, 01:53:16 PM |
|
I started a new 1 sat/b actual Bitcoin transaction yesterday. Lets see how many days the current spam wave will make me wait... Remember, it used to be 2~12 hours before Ordinals and friends invaded.
I would have set that transaction at 2 sat/bit at least, considering I have been noticing some important accumulation and delay on those that have opted for 1 sat/bit. Nonetheless, I am confident enough that this weekend we could see a significant drop in the mempool memory and the cheapest transactions could go through without much problem. If there is no reduction, then next week would be one of high fees, similar to what we witnessed in mid February. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) This year, I believe we will truly start to understand the point of RBF and the fee market. It will not be the perfect situation, especially for those coffee-transactions, but with censorship-resistant, unstoppable money will come a price. I'm starting to understand that if it's not Ordinals, it's going to be another situation that there's more demand for block space. Maybe if there's more demand for payments in Bitcoin perhaps?
|
| .SHUFFLE.COM.. | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ | . ...Next Generation Crypto Casino... |
|
|
|
Artemis3
Legendary
Offline
Activity: 2030
Merit: 1568
CLEAN non GPL infringing code made in Rust lang
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 03, 2023, 03:17:40 PM |
|
Unstoppable money or unstoppable spam? Who is willing to pay more to dominate the mempool?
Well RBF has been a thing for years, it just has been enabled by default when it was opt in before. But, having to redo the transaction with a higher fee should be an exception, and not a norm.
I want to see how long this second (post Ordinals) 1 sat/b transaction takes, first one took a whole week.
|
█████████████████████████ ██████████████████████████ ██████████████████████████ ███████████████████████████ | BRAIINS OS+| | AUTOTUNING MINING FIRMWARE| | Increase hashrate on your Bitcoin ASICs, improve efficiency as much as 25%, and get 0% pool fees on Braiins Pool | |
|
|
|
AverageGlabella
Legendary
Offline
Activity: 1232
Merit: 1080
|
Unstoppable money or unstoppable spam? Who is willing to pay more to dominate the mempool?
Well RBF has been a thing for years, it just has been enabled by default when it was opt in before. But, having to redo the transaction with a higher fee should be an exception, and not a norm.
I want to see how long this second (post Ordinals) 1 sat/b transaction takes, first one took a whole week.
Unstoppable spam is going to win. People cannot use a currency when the transaction fees are increasing because of spam and any government that wants to hinder Bitcoin can attack the network by artificially increasing the fees. We are seeing fees go up from people spamming but what if a government or organization decides to organize a attack on Bitcoin with ordinals? The fees will go up a lot more.
|
|
|
|
|