What are the practical ways to scale UTXO set size now that Stamps are on the scene? I've heard of utreexo, anything else?
How much storage do these models take? Considering this from an information/knowledge compression perspective, how small can we make "the internet's knowledge"
The best I can do to steelman a blockchain based social media like lens is they do get some improved UX from the strict singleton (no partial truths depending what relays you've got). The obvious argument is the UX is worthless if the rollup can't scale enough (either fees go up or decentralization goes down)
I love a good bidding war, though I barely know what badges even are
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Playing around with ecash. Check the next message in this thread for a 1000 sats token (if I did this right)
... thanks for watching the video, don't forget to zap and subscribe
If there's enough demand (and therefore fees to be had), why wouldn't miners open a new direct channel to send inscription transactions to them?
Our latest report on Bitcoin Ordinal Theory and Inscriptions is live.
TL:DR
- Jpgs dominate 90% of inscriptions
- Chain data growth is unconcerning
- Inscriptions are fee sensitive
- Monetary tx remain primarily mined tx
- Inscriptions buy unused blockspace
https://insights.glassnode.com/ordinal-theory-and-the-rise-of-inscriptions/
Bitcoiners should be very familiar with the economic benefits of having a buyer of last resort for commodity production