WEEKLY SPAMCHAIN REPORT

[PepeLapiu]

So I've been doing this on X for a while. I though you guys might be interested.

Weekly report of the state of spam on the spam chain (BTC).

This week, spam took up 48% (802 MB) of the blocks size and paid only 9% of the miner fees, resulting in spam paying 9x cheaper than monetary users for the same block space.

This week with half spam and half monetary transactions, I declare BTC officially a shitcoin!

And this week's Darwin award goes to SpiderPool. They managed to make 55% of their 47 blocks content pure fucking garbage the nodes will forever have to host and relay. And with SpiderPool giving spam a 11.3x discount to spam over monetary users, they got 0.03% of their miner rewards derived from spam.

Interestingly enough, it appears the bigger the pool, the more spam they cram into blocks. No wonder these assholes rejected BIP110.

Full report here:
https://x.com/LapiuPepe/status/2117793486686564466?a=hDXcj28xIVazEyJIgJk&s=19

Now, you guys remember during the BIP110 debate when you told me "the fees should be the only filter"?
Were you aware that if spam pays 9x less in fees, it's the monetary txs that get filtered out by the fees?

[eternalgloom]

This week with half spam and half monetary transactions, I declare BTC officially a shitcoin!

Lol, it seems your emotions are still responding, but your conscience has ceased to function.

Even if 48% of block space is occupied by non monetary data, Bitcoin's characteristic as form of money will remain unchanged. Its limited supply, censorship resistance and network security will all stay exactly same.

SpiderPool giving spam a 11.3x discount to spam over monetary users, they got 0.03% of their miner rewards derived from spam.

So, your own number tell whole story.

Did only 0.03% of SpiderPool's reward come from spam?

So, they aren't filling up block space with spam for the sake of profit, saying that they are offering discount is unreasonable.

Many pools operate under default policy and do not concern themselves with template.
So, actual problem is not greed of miners, but rather default relay and mining policy.

[PepeLapiu]

Even if 48% of block space is occupied by non monetary data, Bitcoin's characteristic as form of money will remain unchanged. Its limited supply, censorship resistance and network security will all stay exactly same.

Here is the plain reality:

- core deleted from their documentation in 2022 the definition of bitcoin as a currency/money/cash. And their excuse for doing this was that "what is bitcoin is very much up for debate". Meaning 90% of the network runs on node software that doesn't recognize bitcoin as money.

- every year since that, spam on chain only increases year after year. When the fees are low, they claim the high fees will filter out spam. And when the fees are high, it's always caused by an increase in spam.

- given that core doesn't even acknowledge there is a spam problem, they actually are removing spam filters, and spam is currently 4-10x cheaper in fees than monetary txs, it's only rational to accept the spam will only get worst. There are no other predictions you can make: spam will get worst.

So, your own number tell whole story.
Did only 0.03% of SpiderPool's reward come from spam?
So, they aren't filling up block space with spam for the sake of profit, saying that they are offering discount is unreasonable.

I didn't once claim that spam miners are filling up blocks with cheap spam for profit.

The reason why spam is so cheap us because they exploit several bugs in the code. And core has repeatedly refused to fix any of those bugs. BIP110 fixed many of those bugs. But coretard and the spam nining cartel rejected BIP110.

The fact is that spam is getting on chain for a lot cheaper than monetary txs. All the while coretard are claiming "the fees are the only filter we need"

Who are the fees filtering if spam pays a lot less in fees than monetary users?

Many pools operate under default policy and do not concern themselves with template.
So, actual problem is not greed of miners, but rather default relay and mining policy.

Yup! That is exactly the problem. So trust me on this, that's not going to get any better any time soon.

However, those large pools are running multi million $ operations. I think you are a bit naive to think they just don't care about default settings and default policy. They clearly care a lot.

[stompix]

Your shitcoin chain has fucking full movies on it, the Quran, the Bible,  and , well, a thing that I have just found it it exist called full pics of furry futanari porn.
And after that sorry ass chain has allowed all that garbage to be hosted forever on your nodes, for the cost of an ice cream you're back here talking about spam?

Go back to the shadows and have fun with your dying fork!

Lol, it seems your emotions are still responding, but your conscience has ceased to function.

This is wrong cause it implies it was a time when his brain was functioning!

[PrivacyG]

Your shitcoin chain has fucking full movies on it, the Quran, the Bible,  and , well, a thing that I have just found it it exist called full pics of furry futanari porn.
And after that sorry ass chain has allowed all that garbage to be hosted forever on your nodes, for the cost of an ice cream you're back here talking about spam?

PepeLapiu said we may be interested in this weekly report, it may be the perfect time to create such comparative reports so we can all see how their Shit Coin degrades over time, week by week!

Edit.  I forgot to mention that I am straight, by the way.

[athanred]

Meanwhile, on a BIP-110 chain: https://bitfiles.io/btcb2

Censorship-resistant files on Bitcoin Blake2b. 473.8 MB stored so far

See? BIP-110 still didn't stop the spam, and didn't improve the situation in any way. In your comparison, you should also count, how many Core transactions were replayed on BIP-110 chain.

Were you aware that if spam pays 9x less in fees, it's the monetary txs that get filtered out by the fees?

You know, that the price of a BIP-110 coin makes it much more profitable to push data there, than to do that on a Core chain, right? And replayed transactions from Core to BIP-110 chain only makes it worse, because spammers can get free BIP-110 coins, while using their Core coins.

By the way: P2PK, used to split my coins between BIP-110 and Core, actually took less bytes on Core chain, than on BIP-110 chain, because in P2PK, public key is not hashed. I still wonder, why banning P2PK on consensus level is so important, while BIP-110 community don't care about transactions like this one.

[348Judah]

This week with half spam and half monetary transactions, I declare BTC officially a shitcoin!

So this is all you have been doing on X, busy spamming around and that is why we should not pay attention to most of the articles opposed we see people make on random social media about Bitcoin.

I know this was just a target against bitcoin network and nothing more, it will be more better you declare who you are working for or why you are against bitcoin network, are you from Bitcoin Cash?

[DaveF]

This week with half spam and half monetary transactions, I declare BTC officially a shitcoin!

So this is all you have been doing on X, busy spamming around and that is why we should not pay attention to most of the articles opposed we see people make on random social media about Bitcoin.

I know this was just a target against bitcoin network and nothing more, it will be more better you declare who you are working for or why you are against bitcoin network, are you from Bitcoin Cash?

No, he is a nocoiner.
It looks like he has no real amount of BTC and is angry at the world because of it.

Outside of the occasional post in the altcoin section I don't think anyone here is even thinking of lukecoin / 110 / blakecoin whatever it's called.

-Dave

[PepeLapiu]

PepeLapiu said we may be interested in this weekly report, it may be the perfect time to create such comparative reports so we can all see how their Shit Coin degrades over time, week by week!

We did indeed suffer a spam attack done by a single person.
You can't respond with filters right away. The appropriate filters were implemented with the next node release and they were very successful. You can see the results at cesspool.lol
And when you look on cesspool.lol do make sure to know what we consider a dark brown "sewage" block is a block with 10% of spam or more. The spam chain NEVER gets a block with below 10% spam.

That was the first spam attack, there will be others. And we will respond aggressively against them every time.

What I find amusing is all the what-about-ism here. I just released the first weekly one on here. And all of you completely ignore it and attack Bitcoin Brake2b instead of addressing the problem.

Doesn't it bother you that they told you for 4 years that "the fees are the filter" only to realize now that spam pays significantly less in fees than monetary users do?

Your shitcoin chain has fucking full movies on it, the Quran, the Bible,  and , well, a thing that I have just found it it exist called full pics of furry futanari porn.

Yes, we just stomped on a spam attack. For a while over 80% of block size was spam. We deployed the appropriate filters and we now have aelround 5% spam per block content.

The last time spamcoin had 5% spam in a day was 2022.

[General_Bitcoin]

So, they aren't filling up block space with spam for the sake of profit, saying that they are offering discount is unreasonable.

I don't think a high amount of revenue for miners is required for this to become a problem. Large amount of block space can be consumed by a relatively small amount of fees. Even if miners don't make much profit they are including transactions that take up block space that could have been used by regular paying users. However, this isn't something that can be solved by miners alone. If the relay policy allows these transactions to be sent to mining pools then they will end up in blocks. This is why people are discussing node policies and spam filters.

[ABCbits]

SpiderPool giving spam a 11.3x discount to spam over monetary users, they got 0.03% of their miner rewards derived from spam.

So, your own number tell whole story.

Did only 0.03% of SpiderPool's reward come from spam?

So, they aren't filling up block space with spam for the sake of profit, saying that they are offering discount is unreasonable.

Many pools operate under default policy and do not concern themselves with template.
So, actual problem is not greed of miners, but rather default relay and mining policy.

"11.3x discount" statement itself is very misleading, because
1. whoever create monetary and non-monetary TX are the one who decide the fee rate.
2. witness discount is only up to 4x, depending on the TX structure.
3. both monetary and non-monetary TX can benefit from witness discount.

This week with half spam and half monetary transactions, I declare BTC officially a shitcoin!

So this is all you have been doing on X, busy spamming around and that is why we should not pay attention to most of the articles opposed we see people make on random social media about Bitcoin.

It's probably his hobby, since he also spam on this forum, see https://bitcointalk.org/index.php?topic=5565808.msg66845077#msg66845077.

[DaveF]

We did indeed suffer a spam attack done by a single person.

Actually looking at it you can easily see that there were / are a bunch of different people posting images.

At a guess it's slowed down because they either (1) ran out of lukecoin to keep posting or (2) got bored and walked away or (3) are figuring out what to post next.

The 24 hour volume of trading on lukecoin is somewhere around #575 in terms of volume.

And as others have pointed out. There are still a bunch of people yet to dump it since if you have real amounts of BTC vs lukecoin it's not worth the time & effort to move say $925k of real coin to get $3200 by selling off lukecoin.

-Dave

[BlackHatCoiner]

Let's have a look at Lukecoin: https://neoxa.exchange/trade/BTCB2_BTC.

Within 1 month, it has dropped from 0.01 to 0.003 BTC, a whole new record, at -70%! Definitely the real Bitcoin!

The beauty of free market is that Lukecoin holders eventually die out of poverty, and we no longer have a Lukecoin!

And of course Lukecoin contains spam, because the goal of it was never to deal with spam. The goal was to enrich the few people who pretended to support it, at the expense of morons who don't understand information theory.

[PepeLapiu]

This has been very entertaining to watch. And it actually unfolded exactly as I though it would.

I publish a scan result that shows blocks are almost half filled with spam, they paid 10x less in fees than monetary users do, and the miners get less than 0.1% of their profit from spam fees.

Not a single person here even asks about the accuracy of my scan, or the methodology used. You are not concerned about any of that. Probably because you obviously know it's all true, of course.

Instead you just attack me, and talk about XBT.

Yes, you are all correct, I am a Bcasher, I am a nocoiner, I live in my Mom's basement, and XBT is a shitcoin that can't deal with it's own spam, and I strangle cute puppies with my bare hands for fun.

This went exactly as I predicted. You all deflect and refuse to address the data I presented.

[DaveF]

This has been very entertaining to watch. And it actually unfolded exactly as I though it would.

I publish a scan result that shows blocks are almost half filled with spam, they paid 10x less in fees than monetary users do, and the miners get less than 0.1% of their profit from spam fees.

Not a single person here even asks about the accuracy of my scan, or the methodology used. You are not concerned about any of that. Probably because you obviously know it's all true, of course.

Instead you just attack me, and talk about XBT.

Yes, you are all correct, I am a Bcasher, I am a nocoiner, I live in my Mom's basement, and XBT is a shitcoin that can't deal with it's own spam, and I strangle cute puppies with my bare hands for fun.

This went exactly as I predicted. You all deflect and refuse to address the data I presented.

Or we just don't care about what you think or say or your conclusions or how you got them.

Nor do we care what you think about the real BTC. Because it works fine for us.

As they saying goes, don't go away mad....just go away.

-Dave

[d5000]

Well Pepe ...  the important thing you may have missed is that all the BIP-110 stuff was in vain. The 400+ MB already stored via Bitfiles proves it.

Bitcoin does suffer some spam, yes, but you can't prevent it that easily. You can increase the cost a little bit, but not that significantly that it doesn't become attractive for some use cases.

Everything played out like the oh so spam-addict "Coretard" (as you call them) camp predicted (hint: they don't like spam, but they know that it's a challenge to prevent it and BIP-110 has not worked at all).

It's time for you folks to admit that.

Better use your time and energy to concentrate on real solutions to make Bitcoin more usable as "cash", like layer-2s.

[PepeLapiu]

11.3x discount" statement itself is very misleading,

Finally, someone who doesn't resort to personal attacks in a vain attempt to ignore what the OP data shows.
There is nothing misleading about my stats. Spam indeed paid 11.3x less than monetary users in this case.

because
1. whoever create monetary and non-monetary TX are the one who decide the fee rate.
2. witness discount is only up to 4x, depending on the TX structure.
3. both monetary and non-monetary TX can benefit from witness discount.

Ever since Bitcoin had fees, the policy was 1 sat/vB minimum fees. And every monetary user has respected that policy. In fact most every monetary wallets I ever used would not allow me to drop fees below 1 sat/vB.

But the big miners and the spammers decided together to ignore policy completely. And that was facilitated with Peter Todd's LibreRelay software specifically designed to promote more spam on chain.
They said "Fuck it, let's ignore policy and fill every available block space with cheap spam. This is going to damage nodes ability to run, but we don't give a fuck if we can just scrape an other 0.1% of profit from spam."

And it's very disingenuous to claim that both monetary users and spammers have access to the Segwit discount. Because monetary users get on average 36-38% Segwit discount, while ordinals fetvon average a 75% discount due to a bug in Taproot that core refuses to fix.

While the theoretical Max block size is 4MB, before 2023, there has never been any blocks that got anywhere close to even 2MB. But since 2023 there have been plenty of 4MB blocks, and of course tgeyvaeee all full of spam. And of course the spammers benefit from a 75% Segwit discount.

It's probably hobby, since he also spam on this forum

Of course! Like everyone else, you have to resort to personal attacks and insults. But at least, unlike everyone else, you did try to address (rather poorly) the data presented in OP.

[stompix]

Not a single person here even asks about the accuracy of my scan, or the methodology used. You are not concerned about any of that. Probably because you obviously know it's all true, of course.

Because once you have proven to be mentally challenged on purpose and not doing a thing to improve your situation, we got tired of speaking nicely to you.

Instead you just attack me, and talk about XBT.

Nope, we talked about lukeshitcoin, XBT is BItcoin , no matter how your mentally challenged idiot master is trying to say otherwise, making a fool of himself
https://x.com/LukeDashjr/status/2119543477012742425

Now, if you still have one functional synapse, let me try one last time to make you understand why the x9 x4 x.22 F30 G20 in your equation don't matter

There is space in the blackchain, some pay 1-2 sat/vb per byte to get their transaction in the next block for sure, some like rune and ordinals, don't care and pay the minimum, because there is enough space, they get in and get their confirmation at 0.10.

For example, an airline could simply say that if they still have seats left 10 minutes before the flight eveyone goes for 1$.
This doesn't mean the ones paying $100 are stupid; this doesn't mean the airline flies on the $1 tickets and this doesn't mean that $1 tickets will be constantly available at any moment.

While the theoretical Max block size is 4MB, before 2023, there has never been any blocks that got anywhere close to even 2MB. But since 2023 there have been plenty of 4MB blocks, and of course tgeyvaeee all full of spam. And of course the spammers benefit from a 75% Segwit discount.

As I said before, it will be 2100, Your Iphone 500XML will have 1 Peta storage, 16 TB of RAM, we will have 69G connections capable of 500Gbs and all the while Lukecoiners will shrink their blocks to 3 kb because it will keep spam away.