So what do we do about it?
Discussion
AS FEES INCREASE THEY INCENTIVIZE TOOLS THAT USE BLOCK SPACE MORE EFFICIENTLY.
USERS WILL USE THE TOOLS THAT HELP THEM REDUCE FEE BURDEN.
IRON SHARPENS IRON.
At first I couldn’t believe shitcoiners use JSON instead of CBOR but then I remembered they’re shitcoiners and therefore subhuman
lol
So, off-chain coinpay/joins it is then!
Seems like it's the path of least resistance out of this hole.
I mean "off chain" as in you put a tx onto one of these services, and when a bunch are gathered a cheaper transaction is constructed, and that defeats their spam atack.
It will also be a spectacular backfire if intels are behind the Ordinal cultists.
Fedimints requiring one transaction for a crowd of users.
Exactly. Pain incentivises innovation.
But it sucks that they pay less for than transactions for the same block space 🤨
... and coinjoins are priced out. :(
Meanwhile small users are priced out of using Bitcoin as money. Because of ordinary spam.
THANKS ODELL FOR ALWAYS BEING CONSISTENT.
Activate bip300 and bip119
Unfortunately most likely more shitty tradeoff tools.
AKA Custodial tools and Custodial (but we are going to do fancy marketing so don't think about the fact it's custodial) tools.
I know it's inevitable at this point so it is what it is.
Yeah, but what we do in the mem time?
Higher fees make it even easier to Hodl down. Does not break my spirit. Hope traders get burned. Trading Bitcoin is fools fiat.
One of the most important problems in Bitcoin is how to onboard a billion users.
Why do we need to do anything? The market will determine the fees.