I was chatting in another thread about possible forks...
and I went (for the first time probably ever) to go look at the bitcoin NFT market, ranked by 24h volume[1] where I kinda got a sense of the scale of the potential damage bip110 could have to a very vulnerable and underrepresented subset of our community (specifically, people with sufficient disposable bitcoin that they can afford to buy NFTs (evidently priced at around 2btc/unit, maybe I'm doing that math wrong)
24hr volume, for the whole market: 1,181.4 BTC
Total number of sales in 24 hours: 527
I guess I'm kinda getting on the train late or something, everybody seems to have made up their minds: either Luke is the smelly kid and is too nerdy to have acceptable views, or he's actually a stupid megalomaniac and he psyop'd all those rednecks to hate the righteous core devs.
at least it feels that way sometimes.
Why would any of these people... want these NFTs? They are infinitely reproducible.
And if "we" actually did Bip-110... we would be increasing NFT scarcity not decreasing it. Just "put" that sucker (to the extent than an NFT even exists) on a Satscard or an opendime...
And then you can physically sell or transfer it to anyone you want, it becomes even 'more' rare at least for a short while... because no more "can be made".
It would arguably give the Bitcoin-NFT market even more legs and actually make large inscriptions provably scarce. They become one-of-a-kind sort of... which is the opposite to the message we want to convey.
Not to get off topic... but knots/bip-110 does nothing to slow the growth of memecoins, 83 bytes is large enough for almost any metaprotocol. That's why IMO bip-110 misses the forrest for the trees.
BIP-110 is not good. Filtering data on the consensus level is a terrible idea, that will backfire immensely,... soon some "other" data will be also considered "not good" anymore. Like transactions from obvious criminal activity... and down the rabbit hole we go.
Filter transactions on the application layer, not consensus layer
How much of this volume is self dealing?
Lotsa washing on these kinds of things.
Play stupid games, win stupid prizes