When we argued for small blocks we cited the need for a fee market.

Approximately 0% of us were referring to the blockchain being filled up with nonsense which is now being celebrated as us getting what we intended.

Reply to this note

Please Login to reply.

Discussion

Wasn’t it also for decentralization so the cost of running a node would remain low? But in any case I agree with your point.

The chain is clearly being spammed for anyone wanting to use btc for its intended purpose, P2P cash.

"Approximately 0% of us were referring to the blockchain being filled up with nonsense"

Wat?

What planet were you on?

The one where we don't fill the chain up with arbitrary data. Where we don't pretend there's no obvious difference between spam and actual transactions.

You made a claim about the block size debate. A quite bizarre claim. Nonsense data was a very important part of the block size debate. Why do you say otherwise?

I was always under the assumption that the competition for block space would always be among genuine transactions. Now you have people paying $100 for a $1 transaction (that's really some other bullshit).

Maybe some people were expecting this? I certainly wasn't.