It’s not a big surprise that microcomputers that were barely able of keeping up five years ago are pushing their limit.
it's a big surprise that the team of brilliant software engineers dedicating (a subset of) their careers to protecting the worlds most important financial technology from idiocy were dumb enough to let these perfectly functional microcomputers get swamped by memory constraints when they were working perfectly just a handful of years ago.
note that it's not the storage getting swamped, it's the ram.
Before segwit, people were expecting blocks to land at 1.7–2.3 MB with full segwit adoption. The average blocksize has been about 1.6 MB in the last year.
it's the footprint of the UTXO set, not the size of blocks, not the drive size.
fee rates facilitating the creation UTXOs with huge witness is the problem. you don't want to un-discount the witness, and you don't want to solve for contiguous data. what would you like to solve for?
Additionally, it is a fact that inscriptions and OP_RETURN outputs are cheaper to validate than payment transactions, and most of the additional UTXOs created are spendable no different from any other payment output.
why mention validation?
their spendability is exactly the issue. UTXOs in the memory are what's constraining the decentralization onto weaker machines. the dominant cost on constrained hardware is UTXO set, not validation.
put another way, which sufficiently powerful computer would you recommend for some poor user outside of the 1st world to save up for in order to run a node for their community with the preferred permissionless blockchain, hmm? certainly not a fairly common and inexpensive raspi4.
Spammers are only buying blockspace nobody else is demanding at minimal feerates. ... doesn’t give you the right to tell other people what they are allowed to do with the blockspace they buy.
they're "buying block space" at witness discount rates.
tell me again why the witness discount was necessary?
(for the record, I don't agree that they're buying block space. miners sell placement priority in their templates not block-space... they can't sell something they don't own)
isolate a gullible crowd
isolation... by whom exactly? certainly not the people calling these invested individuals "rednecks"?
it's a big surprise that the team of brilliant software engineers dedicating (a subset of) their careers to protecting the worlds most important financial technology from idiocy were dumb enough to let these perfectly functional microcomputers get swamped by memory constraints when they were working perfectly just a handful of years ago.
note that it's not the storage getting swamped, it's the ram.
it's the footprint of the UTXO set, not the size of blocks, not the drive size.
fee rates facilitating the creation UTXOs with huge witness is the problem. you don't want to un-discount the witness, and you don't want to solve for contiguous data. what would you like to solve for?
why mention validation?
their spendability is exactly the issue. UTXOs in the memory are what's constraining the decentralization onto weaker machines. the dominant cost on constrained hardware is UTXO set, not validation.
put another way, which sufficiently powerful computer would you recommend for some poor user outside of the 1st world to save up for in order to run a node for their community with the preferred permissionless blockchain, hmm? certainly not a fairly common and inexpensive raspi4.
they're "buying block space" at witness discount rates.
tell me again why the witness discount was necessary?
(for the record, I don't agree that they're buying block space. miners sell placement priority in their templates not block-space... they can't sell something they don't own)
isolation... by whom exactly? certainly not the people calling these invested individuals "rednecks"?