Nostr

I have heard two takes on ordinals on what we should do in the BTC community.

1 - Ignore them, censorship is anti bitcoin, it is a fad, they will go away in time, etc.

2 - Censor them, get rid of them free up block space for transactions are affordable again.

I want to propose a third option. A middle ground. Before I do so, I AM NOT SAYING WE SHOULD DO IT, just may be it should be part of this discussion.

Why not simply make it cost the ordinal shit NFT fuckers more to do it? Why not in effect make it a subsidiary of every block to lower costs for intended use?

Think about it, what if instead of 3Xing the cost of transactions it cut them in half. It would do a lot of good IF IT CAN BE DONE EFFECTIVELY and I don't claim to known it can.

But not only would it lower transaction costs it would help miners stay in the black if the tards doing it were willing to keep paying more for it.

FWIW I am not sure they would. This all seems like an attack to me personally and even if not it is an attack vector for the fiat fiends. Jamie Dimon's miscellaneous expense account for one year could shove ordinals into full blocks for 50 years.

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Discussion

Paul 2y ago

It sounds like you’re proposing to remove the witness discount. My understanding is that this was put into place to solve the problem that pre-segwit it was far cheaper to split UTXOs then consolidate them, but with the discount that cost is more even.

If the witness discount was removed, I would think that it would over time cause bloat to the UTXO set. I think that would be a worse problem then ordinals since it would make the hardware requirements (specifically RAM) to run a node higher permanently.

vlada 2y ago

Yup, that's what we were talking about on the bitcoin discord group. Basically, what if we removed the witness data discount and made it more expensive to spam. Or just softfork to smaller blocks.

Decentral 2y ago

My vote would be 1 at this point and it should be a reminder that when you try to change Bitcoin like what was done with taproot there will be consequences.

Brisket 2y ago

I think the lesson here is that changes to Bitcoin have unintended consequences.

We don't learn this lesson by making more changes to Bitcoin.

High fees fixes high fees.