I think your framing is backwards here... the right question imo is what problems must be present such that the chain becomes shared storage.

The only reason non-tx data gets to the chain is because it's not yet priced out, and that the nature of markets is trying all the wrong things it can afford to try before profit maximizing the right thing.

Non-monetary use-cases are experimentation in wrong things, like the ordinals example, omni before that... I can't even imagine how long an exhaustive list is. These things come in waves, try -> fail, and that's natural. With each failure there's a new cohort to profit maximize the right thing, Bitcoin as money.

As Bitcoin becomes more valuable and stupidity lifecycle reaches its inevitable conclusion, spam will be a non-issue.

The asterisk to this of course is a scenario where Bitcoin fails to reach its value potential, thereby leaving room for perpetual experiments in frivolities. What could cause that is its own question.

Another issue I see in your framing is the equivalence of L1 and L2 Bitcoin. L2 is inherently less valuable at the margins than L1 because there are inherent and unavoidable trade-offs like online-ness. Also the infrequency that L1 needs to be interacted with, because of L2's, creates a Jevon's paradox: Space on L1 becomes even more valuable, not less.

Lastly, the spam issue of the hour is coming from fake layer 2's...

Bitcoin is so unfathomably scarce that the majority of VC funding in the ecosystem is in fake Layer 2's. Your Liquids, Arks, Sparks, Mints, Spider/State/Shadowchains, Shitrea's, and so on...

Why?

Because only a very small minority of the planet will ever be able to afford to use Bitcoin independently, so they have identified a potentially massive market in trust-smuggling their usage.

This means that the latest spam threat is actually the market sniffing out a massive value appreciation in Bitcoin, and that because these are trusted systems without the scaling boundaries, the spam will actually decrease as most of them become redundant and therefore priced out.

Yea, calling tariffs "violence", and then nitpicking my use of economist, when you clearly didnt know he had formal credentials like your own "training", and that his knowledge was "flimsy" (unlike yours of course...) was never in good faith.

You're the one hyper focused on it, because you got exposed not knowing the first thing about how currencies factor into this.

My point is you and your "training" don't know what the hell you're talking about, relative to him and his resources... But that doesn't stop you status seeking on the internet.

He's at the head of the global economy, "trained" as you say. You're nobody, yet say it's he that knows nothing about economics.

Cope.

That's what I thought, you got nothing.

Cope.

Pretty much, same trap as the state exists to combat the state. Turns out you have to think strategically more than 5 minutes out instead of sperging on about how 'taxation is theft' to drive progress.

Debt was used to suppress the dollar, else Triffin, problem is the only complete economy can't go into debt to poor countries that have nothing to actually lend them, thus offshore fiats propped up to trade more debt for trade deficits... Both deficits and debt are fiat symptoms of fiat interlink now being severed. Tariffs slow dollar exports and create a dollar short squeeze ("dollar milkshake"), every other fiat has to cover dollar liabilities. Non dollar fiats have to go to 0 or float freely against dollar (gold Bitcoin restore base money, US is liberated of Triffin Dilemma)

Crushing the fiat world order is the entire point of the tariffs, it forces currency re-evaluation that it cannot survive as it exists today. Creative destruction.

Your understanding of what constitutes ad hominem is matched only by your understanding of economics. Zero.

Spare me the losertarian nonsense, monetary zones reflect security zones... Either go fight the Navy yourself or embrace reality

The entire premise of the tariffs is to address the Triffin Dilemma, it's a fiat world order, currency is at the center of it all

Don't put words in my mouth, I was just pointing out how retarded it sounds when you regurgitate MSM narrative without basis... He simply has more insight into economics given his trajectory than you ever could.

Now your "training" is authoritative...

Trump has a bachelors in Economics, so you're training means shit if his does.

The word currency is not used once in the article. Totally clueless.

Ever more ignorant big L losertarian hipster slop.

Someone should look into who's funding Mises these days

He's a Wharton economist and avowed Jacksonian, operating with the largest intelligence apparatus ever conceived with resources focused on this issue because it's been a festering national security liability for almost a century.

His VP is the poster boy for the Triffin Dillemma that literally speaks of it, and his Treasury Secretary might be the most consequential since Hamilton

But yea, he should have you advise him...

Not a single thing.

All roads lead to the dollar, which is why he can do this in the first place, even a Bitcoin global standard has to run through the dollar first to crush other fiats because there is no second best fiat.

The DXY dump was primarily repatriation into JPY and EUR, re-patriation during a covid scale trade uncertainty, and yet it is barely at 2 year lows and recovering fast, no other fiat has a path long term. The harder the tariff on a country the harder it's currency got whacked vs. the dollar.

Trade deficits, created by artificially inflated foreign currencies, bleed the countries wealth not its fiat currency. China didn't accumulate equities and Farm Land because the dollar was so great.

Things we can't not import are going to get much cheaper as other fiats, that depend on frivolous imports subsidizing them, fall off the cliff.

Tariffs, otherwise natsec scale economic freedom of association, are violence now?

Guilty, was generalizing... Citrea ref #969690

Good explainer...

Do you suppose a hypothetical Shitrea could carry forward the entire history with each update? this would obviously result in bloating itself toward unusability, but for shit shootings sake, do so instead of socializing that cost to the chain?

lol, I had to think carefully about the amount to make sure it was high enough to be unlikely but low enough to bait some zaps... i'd probably get way more into it than I have time for

No, can dig through the priors for that one

tldr; the two peers in channel "point" are defining their own UTXO... that's the beef people have with Lightning, poors that can't afford their own UTXO can't use it

Don't make me tap the sign https://stacker.news/search?amount=&q=%40justin_shocknet+shared+utxo

It's another trust-smuggling fake L2... they came up with this crap to handwave the cases where people don't have or can't yet afford a channel.

It's the same mental gymnastics retards that call ecash self-custodial do.

Scammer linguistics, translates to custodial

If this comment raises a million sats i'll vibe code a similar platform that uses OpenTimestamps and WebTorrent and call it Shitrea

The better question is, why would anyone put arbitrary data on the chain when they could put it literally anywhere else and just timestamp a hash of it?

I've dedicated a decade now to MoE and still think that will be relatively niche, organizations be they states or otherwise will continue to exist and have their own "internal" accounting systems

Mars bitcoin vs. spacex cafeteria coin for example