Nostr Web Client

It’s about incentives. Core V30 is encouraging arbitrary data into the chain. Everyone knows you cannot eliminate spam entirely but it can definitely be discouraged by maintaining or further restricting op_return cap.

BTC_P2P 3mo ago 💬 1

I genuinely think it doesn’t matter. Spam will get on chain no matter what. It has no effect on your ability (or anyone’s ability) to use Bitcoin as money. But it does have an effect on miner profitability / centralization.

As an anarchist I believe that nobody has a right to tell anyone else how to use a protocol. That is the conclusion I’ve come to.

I’m personally also not in favor of blowing up OP_RETURN and will never use Bitcoin as anything other than money. In my opinion this use case will price out everything else in due time, but central planning / censorship on the way infringes on Network incentives.

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Discussion

Sleventy3 3mo ago

I agree. There's no free lunch. What happens happens

Obaid Aldadi 3mo ago 💬 2

It does have an effect on our ability to run nodes. We used to be able to use cheap raspberry pie to run nodes, they no longer work because of the spam on the network bloating the utxo set. Now we must purchase more expensive node hardware to run it.

Next up blow open the op_return data carrier limit.. And we will have to purchase even stronger node hardware or become obselete. Bitcoin essentially becomes impossible to verify and defend by the plebs. We leave node running to corpprations and miners who care only about short term profits. Byebye to the 21millions cap eventually, and we're back to the fiat system, bitcoin is dead.

BTC_P2P 3mo ago

Slippery slope nonsense.

Obaid Aldadi 3mo ago 💬 1

There is no slope, we're already there. I ran a cheap Raspberry pie node in 2022. That same node is bricked and is obselete. I will not wait until my Start9 node becomes obselete too, running knots.

BTC_P2P 3mo ago

Maybe you forgot about the part where you panicked and laid out the fictional the chain of events that’ll kill Bitcoin. That’s called a slippery slope fallacy.

My best friend runs a raspi and it’s operating fine.