They are going to degen shit on chain n e ways they do not care!

We knew this was coming & it was only a matter of time before it happened.

What’s your incentive for small blocks & high fees on chain?

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You act like these degens aren’t gonna be poor in like 2 months. This is high time preference thinking

You act like these degens haven’t spent years losing money on every other chain

It keeps the network decentralized; that being the singlemost consequential factor in preserving Bitcoin as freedom technology.

We already won the block size wars. We will win again when the next bunch think making blocks bigger will be a winning formula.

Part of me sincerely believes that some of these inscription scams are just well-heeled big blockers tossing money at projects to raise tensions and have another go at blocksize wars.

BSV apparently looooves BTC inscriptions

Ordinals and inscriptions are more of a social attack vector than anything. They make people think we need to shoot our selves in the foot and make blocks bigger to house them. How about we just let those people spamming the network HFSP and eventually watch them own nothing and be happy bc they spent all their money on JPEG inscribed sats

What’s changed then vs now?

Blocksize wars to today?

What was won?

Segwit & taproot lead to the "issues" with inscriptions.

You won us this shit?

What happens when block reward goes to zero over the next 100 years. Do the miners just decide to run perpetually and make zero money back? What is your long term strategy here if you believe fees are the boogie man?

Fees will support the network.

That’s why they are there.

100 years from now bitcoin should have destroyed the markets we currently live with.

What do the fees look like on big block chains today? 1 sat/vb isn’t paying the bills

Mining isn’t supposed to pay the bills.

The electric bills * for the mining. Aka there needs to be an incentive to mine or there is not a strong security model. Hashrate is low on big block chains for a reason. Demand for smaller block is clear because it results in higher fees that pay miners more.

As a miner you’re fucking lucky to break even.

Be happy if you make a few bucks.

The hash rate is high because of fomo.

Miners like small blocks & complex transactions as they make more in fees this way.

Could it be the miners themselves colluding making inscriptions/ordinals as a way of driving up fees?

You’re a small blocker you wanted Segwit/taproot what are your plans for fixing this?