Replying to Avatar Derek Ross

I spent several hours tonight in an Ordinals Space speaking with them. It was me versus 12 Ordinal fans. I felt like I was in enemy territory.

I mentioned during the space that I don't want my financial transactions sitting next to an image on the Bitcoin timechain.

I mentioned that I don't feel right about Ordinals and Inscriptions essentially taking up 4X the block space, but not paying 4X the fees. They are consuming valuable space, but not providing the value to the miners. They're getting a discount and that's not right, because it feels like an oversight or an exploit. They're abusing the system.

I mentioned that Bitcoiners want to help the developing world by providing them with financial freedom. We don't want to draw all over them.

My main concern was that there are several worrying trends that are starting to pop up and we aren't even two weeks into this yet. I hope that if this trend continues that the Ordinal and Inscription fans will come together with the vast Bitcoin community and fix the problem before it gets worse.

Their main counterpoint was that Bitcoin is free speech and that includes artwork. While I don't fully agree there, I understand that argument. I also understand that no one controls Bitcoin and Bitcoin can do whatever it and people want it to do.

While I do not agree with all of this, I am looking at this as a win for Bitcoin. Yes, it's actually good for Bitcoin. I have had a dozen Ethereum maxis DM me so far and ask me how to run a Bitcoin node and how to run a Lightning node. I'm looking at this as an orange pilling moment. This is how we win.

Goodnight. PV!

Do you support reducing the blocksizeback to 1MB by making all bytes have equal weight?

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Very risky business youre peddling.

Why is that risky

Getting passed all the implications for LN & multisig congruent addreses, of which im not fully clear on,

Hardforks are a risky endeavor.

Block size reductions can be a soft fork. And 1MB is still ample size. Yes flood and loot attscks might become marginally easier but if LN can't solve that at 1MB, idt it can solve it at ~2.2MB (realistically, LN Txs can't make a 4MB block)

You really think if that were to take place that people wouldnt attempt a hardfork?

Also, dont you think 1mb blocks could end up sending fees back to a point where congestion for block space could be a real issue?

btc had some crazy mempool backups back then if my memory serves me well.

I wrote that middle part in a fucked up way but i believe you understand what im saying about congestion.

I don't want to go back to 1mb.