So? The discount accurately reflects the lesser cost to the network of non-utxo-set data. And P2SH is no different. You can publish as much data as you want with P2SH too. Just use more inputs. Doesn't make it much more expensive.
right… seems important to me that non-financial tx are given substantially more discount than simple financial tx on a network meant to accommodate financial tx and with limited blockspace.
So morons are still buying NFTs and people are trying to do them on Bitcoin?
Great. /s
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"Effectively, there is no longer any technical limit on bitcoin data storage."
Yeah go ahead and try shitcoiner
You've always been able to publish as much data as you want, up to the blocksize limit. It's just very expensive....
FWIW I've had publishing text as an example program for my python-bitcoinlib library for years: https://github.com/petertodd/python-bitcoinlib/blob/master/examples/publish-text.py
You can see published text here: https://bitcoinstrings.com/
this oversight of taproot let you store arbitrary data on bitcoin at 75% fee discount because the jpg is part of the witness data.
So? The discount accurately reflects the lesser cost to the network of non-utxo-set data. And P2SH is no different. You can publish as much data as you want with P2SH too. Just use more inputs. Doesn't make it much more expensive.
right… seems important to me that non-financial tx are given substantially more discount than simple financial tx on a network meant to accommodate financial tx and with limited blockspace.
Not much of the blockchain is taken up by people publishing data. It's a non-issue.
ordinals has been on mainnet for four days.
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Right but still a technical limit and an expensive one.
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my pfp is on ur full node
congrats kid, there's still a technical limit on bitcoin data storage.
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Interesting article
I have been wondering how to put a song onto the base layer so that it will be stored 4EVA!
How would one do this? A link to a website might not exist in a few decades if the owner doesn't pay the hosting fee
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We will never be able to get away from this.
I still think something like BitDNS is a good idea, honestly. At least it’s useful and important instead of JPEGs.
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There was this sort of hilarious post about this on BSE recently.
Great find!
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I didn't see @pourteaux here, if I did I'd have redirected the sats his/her way.
The lesson here is that if you write a solid piece, you share it on Stacker News ASAP, because otherwise someone else will.
But since @pourteaux is new here, I just sent some funds your way 😉
Also probably good to cc @rodarmor while we are at it :)
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thanks sir- glad you enjoyed it
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I'm not interested in hearing about this until blocks are so full it is actually a problem
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