Oddbean new post about | logout
 "Bitcoin has a brilliant spam mechanism: transaction fees."

For example:
The transaction fee is $25, Bitcoin spam filter is set at $25 dollars. Can't pay the fee, spam. Can pay the fee, not spam. 
 They are introducing fiat out of band risks now though, so now ordinal kingpins can accept bribes in fiat off chain for on chain preference. this inflates the overall sat per byte and gives ordinal users a cheaper experience at the expense of people using the regular Bitcoins