If padlocks were $1000 they wouldn't buy it... The price absolutely matters and Bitcoin blocksapce is expensive as shit.
Discussion
are you ready to have this fee too for your BTC transaction of $100 ?
Again you don't understand. My transaction would still be like $5 while the jpeg is $1000... Transactions are small.
i understand it doesn't worth to host jpeg in the blockchain because of cost.
now get my point too.
I am an attacker and i want the bitcoin blockchain to be stopped for transactions for a moment, whatever is the reason (because i know a whale have to move BTC, because state attack, because anything you can imagine).
how many blocks could be retarded for $100000 ? or 1 millions ?
is the cost is the only protection possible against that ?
Or even more interesting, what if i use the same money to do 1 millions of 1sat transaction move to avoid legit transactions ?
My concern is about legit transactions to be include in the blockchain as they have to.
So you're going to spend a ton of money for no real effect... Incentivizing even more security...
" Incentivizing even more security... " how ?
And now that the cost is not the problem. why and how they can be spam on the blockchain nowadays, if it is so expensive ?
More fees, more miners. More hash, more security.
It's not that expensive to spam right now because blocks are empty nowadays.
So spam have an impact on transaction fee too ?
when they are both needed to be include in a block ?
Yes of course spam has an impact on fee. The same way any transaction effects fees...
Yes if there is a lot of transactions to be written fees are higher, it is the way.
But spam could add extra fee here with time.
If there is an economic profit usage of this spam space (like proposing to a lot of people to write their short name on the blockchain for $10, or any stupid reasons like this), it could be a problem but i get we haven't reach this case yet... we have to wait for human imagination or AI one.
You know it is really interesting to have this kind of Q/A.
Because bitcoin is for a lot of people on earth now.
And few people only decide what they put on the blockchain.
So it is also important to share point of view, and put light on some unclear side.
This should always be the way to lead discussions about BTC and about his future.
Avoid any exchange feels like there is something to hide, and make some people suspicious or very angry.
If you think about it there is not so much concern about BTC now.
so it is easy to list them and have a clear reply about it, like we did on one point and questions associated to it.
Thanks for this and your time.