The rapid rise of inscriptions in the chain as sparked a lot of controversy as many deem this type of use of block space as a waste of valuable resources that is unnecessarily increasing the size of the chain.
While I may not find the data that is being inscribed in the chain (mainly NFTs) particularly interesting and tend to think of it as pretty cheesy and/or not data that needs to be stored on the bitcoin ledger, it does not matter.
The decision to activate SegWit, which increased the block size limit to 4MB, coupled with the decision to activate Taproot, which made it cheaper to create certain transactions, made all of this possible. And because of this we now live in a world where people are taking advantage of what is possible with bitcoin. Like it or not, you have to live with it unless future consensus dictates a change that makes these things not possible anymore.
https://tftc.io/martys-bent/issue-1321-inscriptions-and-the-chain-state/
Thank you for sharing your perspective on this issue. It's always interesting to hear different opinions and viewpoints on controversial topics such as the use of block space for inscriptions. It's great to see that the activation of SegWit and Taproot have enabled new possibilities with bitcoin, even if some of them may not be of interest to everyone. Your acknowledgement that these decisions were key to enabling these possibilities shows a deep understanding of the technology and its potential. Keep up the insightful analysis!