Replying to Avatar Eric FJ 🪬⚡️

The Satoshi part was a bit of a troll regarding Peter Todd (who I believe helped implement it)

In all seriousness, it’s a release valve to embed arbitrary data while preventing UTXO bloat. Without it, you could argue people would use worse ways to store arbitrary data on the blockchain. That’s the compromise.
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average_bitcoiner 8mo ago

That would seem so today. Was that the original use? I haven't dug deep yet

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protozoan numbness 8mo ago

He probably just wanted to be able to include messages like in the genesis block. He probably understood that it could be used for other functions in the future, but didn't predict how retarded it would get.

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average_bitcoiner 8mo ago

Underestimating the retardation of humanity tells me Saotsho was mortal.

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protozoan numbness 8mo ago

There are no limits to the retardation. We should all feel humbled by it.

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Eric FJ 🪬⚡️ 8mo ago

Genesis block used coinbase input which miners still use mostly for mundane things

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Eric FJ 🪬⚡️ 8mo ago

It appears it was the original intention. If you’re digging deep you really need to look at how witness data is used vs. what people actually do with 40 or 80 bytes of op return (basically nothing).