Oddbean new post about login | logout This is damaging the Bitcoin network and needs to be stopped… Enough is enough! https://image.nostr.build/a1677fbe5c81361e71c4c702b5959ab543c7d3fd1f500042228760c75079f573.png
why do not you explain this to me in detail so i can help translate ?
People are filling Bitcoin blocks with image data, clogging the mempool, which is greatly increasing the price for a standard Bitcoin transaction… This is not what Bitcoin was designed for and it is hindering Bitcoin’s true purpose..
that is what i keep saying also WHEN ARE YOU GUYS GOING TO GET YOUR SHIT TOGETHER !
CAN THE #PLEBS GO UP A LEVEL ON THIS MESSAGE AND READ THE OTHER MESSAGE ? OR ARE YOU PEOPLE TOO RETARDED ?
Miners are plebs too and they have a big smile on their face right now 🤑
so why have not i heard directly from jack patrick dorsey yet ? he doesn't realize he can not control this i am the emperor and he may not be my intended husband soon
Why? Is jack the CEO of Bitcoin?
Even though we might disagree with it, the transactions are valid and people are free to do them, if they're happy to pay the fees. #Bitcoin is a lot of different things to a lot of different people.
This is fine we don't need Drivechain, we can just wait one week for a transaction to go through on onchain... #Sarcasm nostr:nevent1qqsfvmfgw6824udrhnp4lrxmkw4e4lhuxcawmejrd29wqd5chxnammgpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygye39gqgylmw4kcgdu39npjhcrnpklphlrtt5hw7av7z3tvyw0eq5psgqqqqqqs3g6k8j https://image.nostr.build/30b244fa4525b4529cb4a46fb365a2ceeef3a67ad116136c1e4155267e5518e5.jpg
Maybe you should all just come down... your so-called "improvements" are to blame for this mess.... and you're already screaming for more .... Improvements that need to be improved... totally retarded
Even improved and updated code can have new bugs..
Leave bitcoin alone Bring back 0.1
Nah. I'm making Hella bank mining. 🎶 Let it be. Let it be. Leave mining tf alooooone 🎶
If on chain fees are too high for your transaction needs, then you need to move to lightning, fedi, liquid, etc... Someone sees value in on chain block space right now. In the future, after mass adoption, transacting on chain will (hopefully) be an expensive proposition reserved only for those that can afford it.
People see value in Shibcoin, doesn’t mean it’s good or we should support it. If Bitcoin transaction costs naturally grow with user adoption fine, and likely that will be fixed also (ex. segwit). In the meantime, exploiting the blockchain so people can make money filling blocks is not good for basic Bitcoin transactions..
Who are you decide what is or isn't a good or ethical use of block space? Transaction fees are a market. If its too expensive, dont participate. The upgrades that enabled this are in the past. We allowed this to happen, its not an exploit or attack, but merely a cautionary tale to learn from and move forward. As soon as you start talking about censoring any kind of network transaction you diminish the entire network.
I’m not deciding, I’ll let the free market decide if it’s a bug or exploit. If so they will fix the code. If not, we have to deal with this. My ‘opinion’ is Bitcoin was designed as a financial instrument to store and transfer value, not to host jpgs for sale.. I never said anything about censoring?!?
it was clearly designed as a p2p cash system not as a funny picture system most people cannot think normally any more
It was designed as a distributed database, initially with the intent of being p2p cash, yes. Satoshi originally included a lot of other functionality though. The reality is that the base chain was never going to be able to scale to meet mass adoption without a large increase in block size. Attempts to appease people who pushed the p2p cash narrative led us down the segwit route, which brings us again to the current "problem". Block space on a network of value (for any type of data) is valuable--you being able to purchase a coffee on chain appears to currently have less value than a dickbutt jpg.
My apologies then. We'll see if there will be network consensus that defends that vision of bitcoin.
Narrator: there is no fix. https://www.discreetlog.com/high-fees/
this is the reality of bitcoin's future and can only be worked with
I have faith the free (Bitcoin) market will do what they need to do.. I trust in the community. But those fees are ridiculous..
what about 5 years in the future with more organic demand
Sure, if it’s related to peer to peer value transfers of money. Even then they will likely do some and upgrade, isn’t that why they did segwit, fees were getting high. I’m not even against ‘Ordinals’ in general, but I am against it negatively affecting Bitcoin’s functionality..
segwit wasn't a significant boost. it's impossible to replicate everyone's transactions on every node. blockchains are limited for good reasons and solutions should happen off-chain 1 sat/byte was always a temporary honeymoon
Bring back bitcoin 0.1 Is bitcoin fucked up already ?
it will stop once they've redistributed their sats to other people. Coloured coins didn't catch on in 2015, Ordinals wont last either. Eventually they'll go broke or die trying.
