Hey, nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe, what is your assessment on the current DDoS attack on #Bitcoin through Ordinals and Inscriptions? Can you help us plebs navigate through the second and third order consequences of it? Or do you see it as more of the "everything is good for #Bitcoin" phenomenon?

I understand that, as an immediate consequence, it will make mining more profitable, attracting more hashrate and raising the difficulty level, thus making the network more secure for everyone, which is good.

Higher fees also estimulate the use and development of 2nd and 3rd layers, which is also good (although making settlementon the first layer more expensive, at least temporarily).

This situation also siphon value from jpeg traders to miners, until the former eventually run out of sats, disproving this use case of the main network, which also seems to be a good thing.

That said, do you believe that "the market can remain irrational" for too long, posing a real threat to #Bitcoin?