The Spam Apologists’ concern about UTXO bloat, block propagation, and private mempools/APIs are trivial when compared to concerns about the fundamental integrity of Bitcoin as a Sound Money and Sound Price Signal protocol.

Spam distorts Bitcoin’s native price signaling mechanisms.

It distorts fees and it distorts the Difficulty.

Obviously, price distortion leads to sub-optimal economic outcomes.

Anyone who took Econ 101 knows this.