What have they done to my beautiful chain?
Discussion
Yeah ... This NFT-SPAM-Shit is really annoying
They've paid to secure your network?
You'd rather it be empty? 🤷♂️
have they though? they aren't paying the same fees as financial transactions. they're paying 4x less for the same space.
So do you have a problem with Jpegs, or a problem with the segwit discount? 🤔
i have a problem with people exploiting and abusing the system.
Did you purposefully dodge the question?
That's how this world works though. At least we know that there is a fee market.
Bingo.
Please explain why these transactions are less valid that some utxo consolidations, or continuous transactions between exchanges to arbitrage the different prices.
Actually, what makes a transaction valid?
Fees are still pennies. All the JPEGooors are too broke to pay to store their fat payloads in a block.
Not sure how it could easily be undone now and there is probably a reason the witness data is cheaper, but its a bit of a piss take that these are filling up block space with discounted fees.
"post-segwit the witness data doesnt go into the UTXOset and can get pruned. so long-term it’s literally cheaper for node operators. On top of that, we want people to be able to do things like complex scripts for lightning, multisig, other contracting. So if those things are now cheaper for nodes, reflect that in the fees" -someone told me this
They are paying to use it, as log as there's no more economic pressure those tx would keep passing. Bitcoin is being used and that is good.
This is what losing feels like... #[1]
😞
On the bright side, we're able to preserve this masterpiece for all time for generations to look back and see exactly how retarded we were in 2023.
Last 24 hours, number of inscriptions: 7540, 126.1 MB (23.6%)
JPEG: 1607, 53.7 MB (10.1%)
PNG: 3530, 37.9 MB (7.1%)
SVG: 531, 13.8 MB (2.6%)
WEBP: 228, 12.3 MB (2.3%)
HTML: 366, 6.7 MB (1.3%)
GIF: 41, 1.2 MB (0.2%)
PLAIN: 1235, 478.5 kB (0.09%)
PDF: 2, 15.5 kB (0.003%)
There's also lots of consolidation going on, that's also a lot of blockspace usage.
Quando finirà tutto questo?