_Checkmatey_ on Nostr: #Bitcoin Inscriptions push two end zone results into the foreground: 1. Blocks are ...
#Bitcoin Inscriptions push two end zone results into the foreground:
1. Blocks are full from a data perspective --> this was always the expected result.
2. Fee pressure builds making on-chain more expensive --> also the long term expected result.
So what is the problem?
Constraints breed innovation.
When Ethereum fees rose, they built Layer 2s to solve it.
If blocks are full of data you don't like, make high demand monetary applications to crowd out the jpegs.
We're entering a golden era of #Bitcoin innovation.
Embrace it.
Published at
2023-02-15 07:55:11Event JSON
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"tags": [],
"content": "#Bitcoin Inscriptions push two end zone results into the foreground:\n\n1. Blocks are full from a data perspective --\u003e this was always the expected result.\n\n2. Fee pressure builds making on-chain more expensive --\u003e also the long term expected result.\n\nSo what is the problem?\n\nConstraints breed innovation.\n\nWhen Ethereum fees rose, they built Layer 2s to solve it.\n\nIf blocks are full of data you don't like, make high demand monetary applications to crowd out the jpegs.\n\nWe're entering a golden era of #Bitcoin innovation.\n\nEmbrace it.",
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