Replying to Avatar Aaron van Wirdum

Censorship resistant transactions in the hardest money ever invented will be in high demand, and will out-price other forms of data storage.

If that assumption is wrong, Bitcoin’s design is fundamentally flawed, and those of us who do want electronic cash should go back to the drawing board.

(I don’t believe the assumption is wrong.)
Avatar
Matthew Kratter 2mo ago 💬 1

Your assumption is absurd, but it doesn't mean that Bitcoin's design is fundamentally flawed.

https://primal.net/e/nevent1qqszxx4ahchxmn8u64kvsh2wm3mh3l4nhnncess2z26jhmljcdwfkkq8s37gc

Reply to this note

Please Login to reply.

Discussion

Avatar
Aaron van Wirdum 2mo ago 💬 1

The only thing approximating an argument in this video is: "There exists a lot of demand for data storage." (Yeah no shit.)

You've not at all seriously tried to answer why this demand would flow to Bitcoin specifically instead of cheaper alternatives, whether these are centralized services, more decentralized systems (like Nostr!) or even other blockchains.

Avatar
mIX 1mo ago

Because it's another attack vector for actors who want to make bitcoin bloated and worthless? (can't run a full node because of storage costs, high fees, real transactions being crowded out, etc)