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0 sats \ 3 replies \ @343pg 17 Mar \ parent \ on: I'm losing my faith (II) bitcoin
The analogy doesn’t quite hold though, does it - spam has no significant cost to the sender. That was one of the main drivers for Adam Backs work in the first place around proof of work. Ordinals come at significant cost, which is already proving not to be worth it (hence back to 10sats per vbyte)
Playing devils advocate slightly - how about me posting a simple message via op return on the blockchain. Should that be outlawed?
Yeah, well played, because I've used Samourai a few times and I like it...
But I think Bitcoin should be used for financial transactions only.
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Yes and I don’t necessarily disagree with you, but given the situation I wouldn’t have expected Bitcoin to have at all reacted to ordinals yet. At the very least let’s see how it plays out over the next several years.
My view is that birthday message via op return may yet get a little pricey in dollar terms - let alone any kind of ordinals space needs. I think they will just be priced out. When you say financial transactions - that’s surely going to be the most efficient use of the block space data, right ? Billions transferred via the use of a hundred bytes? Hard to compete with those transactions.
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Yes. I guess that at least we should "undo" the segwit discount, so people trying to inscribe shit is not in advantage over people trying to transfer money...
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