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Comments (12)
Ordinals/Inscriptions
More people than usual are fleeing the corrupt, parasitic, rentseeking, usurious and fundamentally flawed Fiat Debt Slavery Bankers Cartel Hegemony…
Unpopular opinion: no transaction with a fee high enough to eventually get included in a block is spam, no matter the intended purpose.
The biggest issue is with syncing times. It’s already a battle in lots of parts of the world to download the blockchain. You have to download everything to sync, and if you prune the blockchain and delete that info of your node, that’s 1 less node to sync to and download the full blockchain.
When the bitcoin blockchain becomes too big to download for the average peer, a fully peer to peer network is difficult to maintain. Hopefully we can figure something out.
Too many dumb comments about ordinals. The fact is ordinals are only [around 15%](https://pbs.twimg.com/media/FrS9QiKXwAAN1Y1?format=png&name=medium) of transactions. They’re just using marginal blockspace that used to be unbid for. Blockspace usage used to be 80-85% on average. IMO it’s also been a net positive in [accelerating Taproot adoption](https://pbs.twimg.com/media/FrS9PwZWcAA4189?format=jpg&name=medium). There’s no global mempool. It’s managed individually by nodes who set their own policies. Mempool cannot get “spammed” or “congested”. At any given time, you pay whatever the priority fee is to get in the next block. Average fee rates have not gone up at all and fee market has been very robust despite all the demand for blockspace. That’s testament to how well SegWit improved fee estimation. Use Lightning for instant, near-free transactions.
Adding NTF to a system that was never design for it. and higher than usual activity due to the upcoming collapse of the world reserve currency.
The crypto winter and FTX falllout have driven more altcoin users into bitcoin.
People are looking for assets that can exist outside of the banking system. Pretty much everyone who first transfers their coin off an exchange accepts whatever fee value the exchange defaults to. They don’t know the difference.
As annoying as it may be for the average person trying to do on-chain transactions, this is a positive sign of adoption and securing a dwindling security budget for the network.
Mining facilities want more money during volatile market times?
Because Bitcoin can’t handle global adoption unfortunately.
There’s a lot of transaction contain 10k satoshi. Does anyone know what is this?