I am being a bit paranoid and edgy to suggest this will kill Bitcoin, Bitcoin is very clearly stronger than most of us know. However I do believe complacency against these issues will hinder the market adoption due to the way it sacrifices low hanging fruit like normal l1 fee markets.
But ser, how do we define “normal”? It’s so subjective. We have much recency bias here.
Normal fee market exists when transactions are not being centralized through mining bribery. Ordinal protocols force users to go this route to get their transaction settled at all. Limiting datacarriersize spam simply removes any ability for a market to exist around excess fee transactions. Mining pools win users lose. A normal market is where users actually are considered important for Bitcoin
Thanks ser. I’m really trying to wrap my head around this because I’m on the other side of this from a lot of people I respect. Trying to understand and appreciate your responses.
Aren’t all transaction fees bribes? Aren’t we all bribing? And isn’t anyone interacting with the blockchain other than miners a user/merchant? Is the issue here they are not users of its payments value prop and are instead users of another attribute of the chain that payment users do not value?
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