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0 sats \ 7 replies \ @leaf 3 May \ parent \ on: JPEGS or no JPEGS... Bitcoin dies without Fee Pressure. THAT is the Truth bitcoin
Some miners were proposing to increase the block size previously... It seems to me an effort to reduce block size might be met differently.
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Running a node could be expensive in the future as the utxo set grows and if technological developments don't continue to reduce storage costs at the same rate. I think slowing the utxo set growth and creating a healthy fee market earlier to protect the network are strong arguments.
My impression is the current blocksize was set in a pretty arbitrary manner - maybe even haphazard. Spam will continue to inflate the utxo set until pictures of cats are priced out by fees. I'd prefer to hit that point sooner rather than later.
Anyway, it's probably not the worst problem bitcoin has. The fungibility issue seems worse to me.
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Spam will continue to inflate the utxo set until pictures of cats are priced out by fees.
fwiw it's worth, it's not jpegs/cat pictures inflating the utxo set. it's memecoin 'mints'.
that we can't find the fee pressure today among 8 billion humans seems remarkable to me.
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????
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Tried to share a tweet and failed - my intrepretation of the tweet is that bitcoin is like the germanic people in roman times. The romans had no idea what was coming for them
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