‚However, we notice that by spending only 0.005% of the total #Bitcoin supply on transaction fees, a single entity can significantly impact the entire Blockchain regime.

This illustrates that if a whale or a governmental actor, possessing hundreds of thousands of Bitcoins, decides to spam the blockchain, they could impede its usability for normal payments.‘

https://block21m.substack.com/p/most-bitcoin-inscriptions-belong-d6d

Reply to this note

Please Login to reply.

Discussion

Jan shared an explanation to what happened there: nostr:note14qauwertvss5v3ykvkex8q5lv973cax8v72nyc0adu633xcgq6mqjrc0ql

…impede its usability AND push the development of layer 2/3 (liquid, ark, cashu, etc) as well as support miners‘ work for years ahead.

I would add.