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B1tR0y | 11 months ago (raw) | root | parent | reply | flag +1 
 Right but happens when the spammers are funded by the competition (aka the money printers)? IMO L1 should be kept as low fee as possible for as long as possible to maximize the amount of folks who can participate in the self custody revolution. This gives #bitcoin the best possible chance of breaking the #tradfi strangle hold of the fiat price of #btc and simultaneously the best chance for us to break the state and currency link. 

Meanwhile the mempool now sits around 1.5 GIGS! This spam has the potential to not only keep lower USD networthers barred from participating in the self custody revolution because their UTXOs are economically paralyzed by high L1 fees, but it also has the potential to make the protocol less decentralized by increasing the hardware requirements for running nodes if it keeps growing. Anyway just my 2 sats. 🫡
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Bricks_Mints | 11 months ago (raw) | root | parent | reply | flag +1 
 There is no 'the mempool'.  Every node has its own mempool.  Spammers will pay to play like everyone else.
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Mnm | 11 months ago (raw) | root | parent | reply | flag 
 What happens?
You mine Bitcoin, that's what happens.
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Mnm | 11 months ago (raw) | root | parent | reply | flag 
 My mempool is 200mb.
The rest is spam.
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snooz | 11 months ago (raw) | root | parent | reply | flag 
 Think in a longer term and the discussion about that will disappear.

The ordinals people have their fun now. 
Good thing is that they have to pay the fee in Bitcoin and not FIAT and that pushes the BTC price up because its a use case for some. And because Bitcoin  supply is limited and with rising Bitcoin price, the ordinals thing gets more and more expensive until a point when even for the ordinals peoples it gets too expensive. So it will stop. Sooner than later.

Another pro is that this paid Bitcoin Fee can get redistributed among other people as the miners have to sell them in the market to pay their business. So BTC hasca chance to move from "stupid" to "smart" people. 

And its definitely economically not smart to pay for ordinals that does not give you some kind of real value back like buying food, house or a vehicle to use for your work or whatever.

Look at NFTs, they got rekked. And just because you put shit on Bitcoin, does not mean that this shit becomes something better. Its still shit. At some point the shit will get flushed down the toilet by the market.

Bitcoin will regulate the use of the block space in the most efficient way by itself in the long run.

So don't worry and
Stay Humble & Stack Sats