This post doesn't make a fold 🤷♂️ the only doubt I have is very simple and is the following: isn't bitcoin freedom before anything else? And if it's freedom, why shouldn't people be free to put monkeys in a block? 🤔
Discussion
The problem is not to put extra data in block, but if one day this "extra data" have more value than normal money transaction. It would mean a priority given to extra data instead legit transactions.
This is the point.
If you want to put extra data, it's not fun but it's ok.
If this raise fees or avoid legit transaction, it is clearly not ok.
And the more space you give for extra data, the more use case will exist to use this place.
#bitcoin must be protected for his future and not only "hope" fees will regulated it by their own.
#btc4ever
In my opinion, bitcoin is made in a way that it regulates itself. One day it will be inappropriate to put extra data and therefore it will not be done anymore 🤷♂️
I don't think so. bitcoin has been updated since it was born.
And it is very important to keep it up to date.
So, i don't think the actual design protect it from bad usage, and fees are certainly not enough.
Would you pay 0.001BTC of fees to more 0,0001BTC?
For me we have to maintain a reasonable fee for transaction and this would be possible only if you prioritize money transaction, always.
And it is possible with filters and by design update.
Don't expect the design to regulate itself in the perfect way. They will be winner and looser. On which side you want to be?
The only valuable regulation are the node that don't take any fees to control transactions.
And one last thing, why, ethereum that is used for all extra data storage with fees is not more used than bitcoin ?
Its not "freedom before anything else" its "peer to peer cash" before anything else. I don't want to store copies of your kiddie porn library on my start9 node, and most other people don't either. You open bitcoin up to jpegs and right away it will be a bunch of disgusting pornographty stuck on everyone's nodes until the end of time or the project fails.