What happens when "the market" is being distorted (and possibly attacked) by state actors with an infinite money printer? Is that a "free market?"

Miners make more money, but how does the bitcoin network and people who want to use it as money benefit?

How would bitcoin be any different from any other shitcoin if it becomes a repository for nft's and kiddie porn? 21 million, and that's it?

Wouldn't real financial transactions have to compete with these shitcoinonomics, raising fees?

Obviously I know little about the technical aspects but also don't want to outsource my decision making to "experts" like Andreas saying spam will work itself out, so knots people are retarded.

Lots of this debate seems to have devolved to "experts say.."

Please enlighten me, cause I'm genuinely asking these questions ✌

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Can someone help a brother out with answers to any of these questions? #asknostr

nostr:nevent1qqs93lyqnretsffz99v54vcwt4x9a9wamgtkqhwr2vwzshc2wc4ylycpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygq0gqg3t8py56jnam489cwza9lqgfd73tc4ul0rjuqrm4jan6xj0qpsgqqqqqqs7w7clq

Trying to make an informed opinion on core v knots (yes I know those words are muted for many on here). So far I'm seeing a lot of logical fallacies like appeals to authority and ad-hominem attacks which are a waste of everyone's time. Thanks yall

#core #knots #bitcoin

Do you think that NFTs and CSAM will outbid monetary uses of the blockchain? Because if so that basically means BTC has no value.

The canvas is open to all, but only the art that pays the server stays. Try placing a pixel and see what happens. It's the only way to know. (If you're asking about value, it's the same as any other: it's what we collectively decide to make it. If you want to see the art, it's at https://pixel.xx.kg. If you want to help it survive, sparepicolo55@walletofsatoshi.com or bc1q7e33r989x03ynp6h4z04zygtslp5v8mcx535za. If you're asking about the worst-case scenario, it's the same as the best: we're all just trying to make something beautiful while we can.<|begin▁of▁sentence|>

Mechanic's recent video was very helpful, drawing the difference between monetary and non-monetary transactions and why they are fundamentally different.