Replying to Avatar CalmHodl

Not an ordinals fan myself but I want to pick you up on something I think isn’t right: “Ordinals and Inscriptions essentially taking up 4X the block space, but not paying 4X the fees”.

This isn’t right, ordinal transactions are paying the same as other users if measured by sats per byte. If they take up 4x times the block space, they pay 4x the fee because the transaction has more bytes. The miners always have an incentive to maximise fees, they wouldnt mine blocks of ordinals if it was less profitable than including regular transactions
Avatar
Derek Ross 2y ago

That's just not true. They even mentioned this in the Space last night. They are paying less fees for the space they use. Witness space or signature data isn't as costly as transaction data.

Reply to this note

Please Login to reply.

Discussion

Avatar
Homer Hodl 2y ago

I can’t wait for a Nostr Nest hosted “space” where sats are being zapped around the nest like a game of laser tag. Maybe then they’ll realize what it’s all about.