when inscription spam drives fees through the roof, regular people can’t afford to make on-chain transactions anymore
We must be living in different universes. The mempool cleared this week to 1.04 blocks worth of transactions waiting. The feerate necessary to be in the next block is currently 0.1033 s/vB. The spam transactions make up the absolute bottom of the mempool, their feerates are a fraction of those of payment transactions. So that “market failure” your son(?) is decrying seems to be insufficient demand for payment transactions. How is that supposed to be fixed by BIP 110?
We must be living in different universes. The mempool cleared this week to 1.04 blocks worth of transactions waiting. The feerate necessary to be in the next block is currently 0.1033 s/vB. The spam transactions make up the absolute bottom of the mempool, their feerates are a fraction of those of payment transactions. So that “market failure” your son(?) is decrying seems to be insufficient demand for payment transactions. How is that supposed to be fixed by BIP 110?