Fixed block size bro. Bitcoin was running straight at that wall before Ordinals tripped it.
Censoring ordinals won't "fix" block scarcity, it just kicks the can down the road.
Absent some drastic hard fork, the solution has to via L2.
Discussion
This is not idiots and ordinals. This is a coordinated attack. And L2 dont mean shit if people cant afford to open a channel. Like I said I dont know the resolution, but this is not going away. The money masters have unlimited fiat to keep paying top dollar for jpeg and dust. Its stopping most from any tx and the high fees will turn of newbs. Its using btc against itself
If they keep paying for jpeg and dust it drives the bitcoin price up as well, eventually.
I think Ocean has the right attitude. A uniform block consist helps the attack. Miners that are customer focused and want to see more transactions and less jpeg is part of the solution.
there is nothing wrong with discrimination against nonsense, at least some of the time, it lets the backlog of actual transactions clear.
You are saying this from an organic ordinal perspective. The money masters who are clearly running this have unlimited funding to keep fees out of reach.
the fees are limited by the market cap of bitcoin. at any given moment there is a finite amount of fiat even if it is continuously increasing. bitcoin's price tends to track, eventually, the increase in the supply of fiat, thus it is a hedge against money printing, and a store of value.
any attack they mount has a limited lifespan that only holds until the next adjustment that brings bitcoin's price to or above the corresponding change in fiat supply. at that point, their attack becomes uneconomic, and they stop.
that's the reason why it's not nonstop.
if they focused on keeping it high they would inevitably also raise the price of bitcoin, and that then counters their continuance. The more they try, the worse they make it for themselves, and everyone who isn't transfering their bitcoin around is grinning.
Cope harder. Nobody is paying 1000s for jpegs for weeks kn end
The fiat money masters have unlimited funding.
block scarcity is a feature not a bug. it ensures that the chain can be hosted by anyone right down to the bottom of the economic ladder.
Holy fucking shit. I clearly said they turned the feature into a bug.
they, the spammers?
do you think we can negotiate with them any other way than "gib moar fiats per sat?" they are unreasonable from the outset of the venture. they just want to cause problem. THEY are the bug.
also, increasing block size will lower the fee per byte but the attackers will just increase the bytes per jpeg.
The solution needs to come from L2...
yep, we have LN, RGB, Liquid, and there is Ark, there is Fedimint, and there will be more still.
Dont help newbs and us poor trash
spending the sats cheaply isn't going to make you richer. not spending the sats will.
i know it's a pain but just keep your spending in fiat and there's no problem for you. Whatever you think you need to spend, double that and pull it out as cash and don't touch the rest.
That has nothing whatsoever to do with my point.
your point is to promote the idea of changing the protocol to defeat the scammers while not introducing another vulnerability that IS protocol based and not based on human vulnerabilities? That's not an easy ask. You have to persuade the miners to adopt it or it's irrelevant, for a start. Their neutrality is part of how this protocol works, so they don't care what's in the blocks. They don't care about the use case of payments either, which is really not what a blockchain is for anyway.
My point is this is an attack by the money masters who have unlimited fiat to continue this as long as they choose. And until people look at it that way instead of overdosing on copium by saying this is a good thing, it will continue
Clearly you are not getting my point, nor is anyone else who keeps acting like this is just idiots and jpegs. The cult mentality is fucking sickening. Btc is not god.