Not an ordinals fan myself but I want to pick you up on something I think isn’t right: “Ordinals and Inscriptions essentially taking up 4X the block space, but not paying 4X the fees”.
This isn’t right, ordinal transactions are paying the same as other users if measured by sats per byte. If they take up 4x times the block space, they pay 4x the fee because the transaction has more bytes. The miners always have an incentive to maximise fees, they wouldnt mine blocks of ordinals if it was less profitable than including regular transactions
Calm_Hodl /
npub1hf…xcw2f
2023-02-07 11:14:39
in reply to nevent1q…6r4u
Author Public Key
npub1hf223s0anmy8xsq84sew7t87y9uvud0gl4cl5ms6d2y8ul0x9n3qmxcw2fPublished at
2023-02-07 11:14:39Event JSON
{
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"pubkey": "ba54a8c1fd9ec8734007ac32ef2cfe2178ce35e8fd71fa6e1a6a887e7de62ce2",
"created_at": 1675768479,
"kind": 1,
"tags": [
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[
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"content": "Not an ordinals fan myself but I want to pick you up on something I think isn’t right: “Ordinals and Inscriptions essentially taking up 4X the block space, but not paying 4X the fees”. \n\nThis isn’t right, ordinal transactions are paying the same as other users if measured by sats per byte. If they take up 4x times the block space, they pay 4x the fee because the transaction has more bytes. The miners always have an incentive to maximise fees, they wouldnt mine blocks of ordinals if it was less profitable than including regular transactions",
"sig": "cda1c129fdbe1666d9db7c67d97bbec90dfc542d364937c173096830e4f2c4ecd7cd478894a0e191f98e666a4133a203fe169f452d350c46b186694048aead3c"
}