Current tentative thoughts on op return.

I haven’t decided what I’m going to do with my node yet but I’m starting to understand why core wants to remove the filter. I don’t like spam and bullshit on the blockchain but this is a free market. If people want to pay for it to be there, and it helps miners, then what is the problem? 🤷‍♂️

One of the arguments made on the podcast:

People are paying large miners directly to put their spam in the blockchain. This is bad for miner decentralization because small miners don’t get a chance to profit off those fees since they are being filtered out. The op return filter is basically giving large miners guaranteed business and small miners get screwed. This is bad for miner decentralization.

I would like to know what the strongest arguments are for removing the op return filter. I don’t care about virtue signaling or any moral arguments. I don’t care what should and shouldn’t be on the blockchain. Tell me why filtering out the spam is best for the security and longevity of the Bitcoin network.

As of the writing of this post, 2 of the last 3 mined blocks have about 500 transactions in them. The next upcoming block isn’t even full and mempools look like they’re going to clear. Mining fees are at 1 sat/vbyte. Again I don’t like spam, but isn’t this a profitable way to secure the network when activity is low? Especially with so many people buying ETFs, there is little reason for those retards to use the blockchain.