To me attack is interesting because it’s the extreme example of inscriptions: they are spending an insane amount on fees to outbid standard transactions. If they found a sustainable way to do this, bitcoin would become useless as a way to transfer value. Although it seems at this rate they are more likely to go broke.
Discussion
The great thing about Bitcoin fees is that they are native to the network and denominated in Bitcoin, so there isn’t a true sustainable way to permanently pay for blockspace. You could have a stack as big as Saylors, and you’d still be eventually outbid and run out of Bitcoin to waste.
was just thinking this.
Honestly, the crazies inscribers were spending 7btc/block to clog the chain, and still it was perfectly usable if you were prepared, meaning already onboarded on LN or rich enough lol
7 BTC / block is 300000000 millions usd /day, even for a state it’s not cheap to spend 1 Billion every 3 days, for something as meaningless as Bitcoin (for them).
The most (rightfully) frightened politician right now, is the awful Warren and she doesn’t grasp the basis of Bitcoin yet.