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0 sats \ 6 replies \ @000w2 28 Sep \ parent \ on: Calle On Core/Knots bitcoin
Let me reword. Why should they get a discount over my monetary transactions?
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0 sats \ 4 replies \ @SatsAndSports 29 Sep
Be practical. Are you advocating for a fork to remove the discount? A lot of people might be open to the idea, if you can get support for a credible plan, as any fork is obviously very difficult
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0 sats \ 3 replies \ @000w2 29 Sep
No, the damage has been done. I don't think the economics of the system should be messed with any more than they already have been.
Hopefully one day there will be some competing utreexo node I can run.
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0 sats \ 2 replies \ @028559d218 29 Sep
Or how about just go out and use Bitcoin?
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0 sats \ 1 reply \ @000w2 14h
What makes you think I don't? Running a node is pretty pointless if you don't use bitcoin.
The reason I care so much is because my whole life depends on Bitcoin.
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0 sats \ 0 replies \ @028559d218 5h
Not you specifically. You're a Stacker. The collective 'you' as in everybody
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0 sats \ 0 replies \ @028559d218 28 Sep
My understanding is that the 'witness discount' was created to make the consolidation of UTXOs, and the batching of transactions cheaper.
Legacy addresses were cheaper to spend than to consolidate, meaning that people wouldn't spend/consolidate their change which would result in UTXO bloat over time.
Segwit (and Segwit addresses) made that cheaper (which was its intention) however a much-later byproduct was that arbitrary data, disguised as witness script, also got the same discount basically 75%.
#1 rule of engineering is that design decisions years later can have unintended effects.
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