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41 sats \ 7 replies \ @ek 16 Jan freebie \ parent \ on: Opinion: Spam can't cause high fees - Thriller post bitcoin

~~Arbitrary~~ Witness data is priced at a 75% discount to tx data (v,i,o,l).

Isn't that for a good reason? Since this data doesn't have to be stored in expensive RAM of nodes but can be stored on cheap disk? That was my understanding how this decision to increase tx bandwidth this way was justified.

52 sats \ 6 replies \ @random_ 16 Jan

so pedantic lol

It's still arbitrary. It still has to be downloaded. It still has to be verified. It still has to be stored indefinitely by someone. Who exactly does this discount benefit?

Perhaps when the segwit discount was being decided, the developers involved expected witness data to go in the witness. Now that that's no longer a reasonable expectation, the cost of witness data should be priced the same as the rest of the tx data.

20 sats \ 2 replies \ @ek 16 Jan freebie

so pedantic lol

It's still arbitrary

So you don't care if you store something in RAM or on disk? It's being pedantic and arbitrary?

Who exactly does this discount benefit?

I don't know. Seems like you have thought more about this than me. What do you think?

20 sats \ 0 replies \ @Murch 16 Jan

I’d rather people dump data into witnesses than e.g. in the UTXO set. The witness discount is encouraging exactly the right thing even in this controversial context.

0 sats \ 0 replies \ @random_ 16 Jan

#390349_

10 sats \ 2 replies \ @Scoresby 16 Jan

I think that having a conversation about whether segwit should be rolled back or changed is an interesting conversation.

I also think proposals for smaller blocks are interesting.

But I was trying to point out that the conversation around block space right now is, in fact, a conversation about what we want to use bitcoin for and not a technical conversation about a vulnerability or filtering.

10 sats \ 1 reply \ @random_ 16 Jan

Keep segwit. Nix the discount. See how spam changes :)

121 sats \ 0 replies \ @Scoresby 16 Jan

I definitely agree that this would increase the cost of inscriptions. Higher price means less demand. But it would also make it more expensive for me to spend from my multisig. I'm not sure if the end result will be bitcoin as money transactions being cheaper (in terms of the total fee i have to pay, not the rate) than they are now.