Underlying the argument that inscription high fees will "go away" someday is the implication that, if they never went away, that would be an intolerable situation.
But they have been saying this for over 10 months.
So I want to know...how long is too long to tolerate literal scams flooding the mempool? 10 more months? Years? Never?
If at some future date, they didnt go away then bitcoin didnt work out. So how long before we give up? I think its single digit years.
Bitcoin bounded op_return size at some point. The project decided there were limits to using bitcoin as storage. By this admission, did bitcoin not work out back then? Have we been LARPing as bitcoiners ever since then?
I think its working out so far. But if in x years, monetary transactions are still pushed out by collectible transactions then it will be obvious that no one is taking it seriously as a monetary system.
That outcome would suggest that the incentives were not correctly anticipated.
My point is that Bitcoin has always been engineered to suit requirements. It was not magically spoken into being by mythical gods. That means we solve problems as they arise. "Bitcoin-as-is or GTFO" seems arbitrary and defeatist.
I agree.
But i find it interesting that bug fixes are censorship. Now we got a bunch of people defending bugs based on a concept that if its in the code, it must be intentional. Some of them even come from engireering backgrounds which is baffling to me.
Follow the money. Many of them are miners.
🍿🍿🍿
Inverted thinking is too much to ask.
It wasn't the entire 10 months. We had 1.01sat/vb going though at the end of April & also October.
Let's see after this coming bull run. 3 years from now if they're still doing this BS. They will eventually run out of money.
But also, for LN channels/coin join we need to be really sure about it in this environment. I'd pay $100 to open a LN channel if I really have to.
Existing LN channels are expensive too with all these force closures. When channel sizes in the single millions, it is bad for operators when major chunks of their liquidity go to unilateral closure fees.
Yes, I'm still trying to understand if they're all LND or get forced closed for other reasons.
But if you are to run a LN node and open/close channels you're going to run it with more seriousness like a business. Not just open random channels to random plebs
