I think knots is goofy, i don’t see it as a threat unless they somehow convince everyone to hardfork, but i would hope people would be smarter than that.
I’ve always said the biggest threat to bitcoin is a cultural one: if we don’t pass down our values to future generations, they might not understand what the problem was or how bitcoin fixed it. So it could be taken for granted and ruined without anyone to stand up in its defense.
Thoughts on the network allowing storage of data on it and that data cap continuing to grow? Do you think this would be for any cause for concern? Genuinely curious 🤌
It already allows that, cats out of the bag, best we can do is price it out with smaller blocks or higher bitcoin usage
Argument works in reverse. Spam just spent a couple years pricing out actual usage which is now utterly dead.
Didn’t it die down after they burned so much capital on fees ? I don’t think it’s economically viable long term
