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0 sats \ 8 replies \ @benthecarman 6 Aug 2023 \ on: Guys, I have tbh, ordinals is a big fuck up. bitcoin
There's no way to stop it
There is ways to raise the cost on such behavior.
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fees went up by 100x and inscriptions still dominated transaction volume. it is already expensive. The only way to make it more expensive it to reduce/remove the witness discount which would make the incentives worse
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debatable, and it's not just inscriptions, but stamps and other bs.
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removing the witness discount makes stamps and inscriptions the same price which would be very bad, it is much better that inscriptions are cheaper
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somewhat agree, which is why I'm not suggesting the discount would be removed, but perhaps reduced from 4X to 2X and/or targeted at OP FALSE. The costs for all of these exotic forms of arbitrary data storage can be increased with more targeted policy and maybe soft-forks...
starting with the low hanging fruit, like bare multisig and related policy is an easy enough "fix".
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look, we are in sunday, but if blocks are confirmed faster they broadcast more transactions, its like someone have a script running that will never allow the mempool to clear.
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if someone wants to pay all those transaction fees, be my guest
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I notice when the miners are not finding blocks, the spam of transactions slow down.
When the miners start finding a bunch of blocks, the spam of transaction spike up.
I'm almost sure that someone knows what he is doing. (filling up the blockchain the cheapest way possible).
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