Why Nostr? What is Njump?
2025-05-24 19:55:02
in reply to

uncleJim21 on Nostr: The UTXO set bloat is a problem that has not been adequately solved imo. Maybe we can ...

The UTXO set bloat is a problem that has not been adequately solved imo. Maybe we can disagree whether filters is the solution but it seems undeniable there is a problem:

For 7000 BTC (about 750M now but around 300M at time of expenditure) ordinals shitcoiners were able to bloat the UTXO set from 4GB to 12GB.

It is more than possible for a state actor to spend 12B or less to get that up to 128GB at which point very few pleb nodes could keep up. At that point centralize nodes and crack down on them as "money transmitters". Paranoid theory? Maybe. But since when do we engineer things for only sunny days? For bitcoin to live up to its promise these vulnerabilities must be addressed.

I would love someone to propose a sober and accurate analysis that counters these points. But this is my conclusion right now: The problem HAS NOT been solved. It is only by luck and happenstance that ordinals spamming has slowed down. Bitcoin is fuck you money and it deserves fuck you engineering.

Engineers Creed:
Little by little subtract
Faith and fallacy from fact
The illusory from the true
And starve upon the residue

Author Public Key
npub1g5642xjqyudstx4e9dc702m7suqqvx3djxcdyre38muz7pfwkzzsye9lcr