It turns out neither of those assumptions is correct. They haven't prevented spam.
As you know the #blockchain is being bloated with all kinds of #spam. Called #inscriptions #ordinals #nfts #tokens etc.
They do the above to artificially drive up fees. Which frankly is theft.
With respect to the end of the block subsidy. Trying to make a prediction about fees a hundred years from now is folly.
100 years from now Bitcoin will return to its original design as a #self-contained #P2P Cash system. Exactly the way that Satoshi designed it, and how I first used it.
Smartphones and raspberry pi will be enormously powerful.
People will process Bitcoin blocks on their smartphones etc. For free. Just like Satoshi said.
Satoshi didn't incorporate fees in his original design. Do you really think the designer of Bitcoin didn't know what he was doing?..😊
RealJohnDoe
npub1jf…ulx8n
2023-10-19 10:33:02
in reply to nevent1q…2q46
Author Public Key
npub1jfu949hrxhp8tux5qm9rr8ucrry2ngjpjz5286f4fgd4ye827w5sculx8nPublished at
2023-10-19 10:33:02Event JSON
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"content": "It turns out neither of those assumptions is correct. They haven't prevented spam.\n\nAs you know the #blockchain is being bloated with all kinds of #spam. Called #inscriptions #ordinals #nfts #tokens etc.\n\nThey do the above to artificially drive up fees. Which frankly is theft.\n\nWith respect to the end of the block subsidy. Trying to make a prediction about fees a hundred years from now is folly.\n\n100 years from now Bitcoin will return to its original design as a #self-contained #P2P Cash system. Exactly the way that Satoshi designed it, and how I first used it. \n\nSmartphones and raspberry pi will be enormously powerful. \n\nPeople will process Bitcoin blocks on their smartphones etc. For free. Just like Satoshi said. \n\nSatoshi didn't incorporate fees in his original design. Do you really think the designer of Bitcoin didn't know what he was doing?..😊",
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