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20 sats \ 4 replies \ @kingzing131 23 Apr freebie \ on: Runes are not going to stay because the market will not allow it bitcoin
That's very optimistic.
Personally I don't agree.
It is a huge attack vector and we aren't even facing serious abusers, just a bunch of degens and relatively small VC in the financial sector.
Imagine the amount of sustained load onto the blockchain if it get to nation state attacks. And it doesn't even need to be a sustained load, a coordinated effort could already do a massive damage to a nation fully adopted Bitcoin.
And there are plenty parties and nations in the world that can raise enough money to do something like this.
Even if it doesn't get to that point, every cycle having VC funded scam spamming the network would be very disastrous.
It's weird to me why so many are being passive about it.
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0 sats \ 3 replies \ @softglitter2d OP 23 Apr freebie
And there are plenty parties and nations in the world that can raise enough money to do something like this.
Fair point but unstable in time. In 18 blocks, Rune degens spent almost 20.000.000 USD and say it's an attack vector...we're talking about 1.000.000.000 USD each week1 to sustain these projects. Now, I may be optimistic but if you show me how they can raise 1.000.000.000 USD weekly to keep doing just stupid shit without any incentives2, I'm all ears. Otherwise, it's FUD.
every cycle having VC funded scam spamming the network would be very disastrous
Attack bitcoin is not wise, we're all know. They know also. Now, if you say something like they found a cheaper way to edit blocks...now that's real shit you're talking. Otherwise...again, FUD.
It's weird to me why so many are being passive about it
Well...I'm not passive tbh, I'm enjoying the revenues3. First, you can't do shit to prevent it. Use Ordirespect is a waste of time, Ocean is not profitable at the time I'm writing4.
What? What do you want to do? Two options here: you either cry (I don't recommend) or just give time to show these people how stupid is their movements. In the meantime, miners can make profits and most important: we're having fun with stupid stories about people losing sats just because they want some stupid jpegs.

Footnotes

  1. Check Jimmy's post ↩
  2. Remember fren, they're attacking and not earning shit, even shorting bitcoin, they won't win anything. So essentialy, they're burning money for nothing. ↩
  3. Do some house mining fren, it's fun. ↩
  4. I've checked. Ocean is the only offering Bitcoin Knots and they have 0.2% of total hashrates. ↩