It's easier showing you care and defending your point about Bitcoin when the opposition are confused Keynesians, that are already incapable of presenting a somewhat logical understanding of economics .. and even less capable of arguing about Bitcoin on a technical level.
But when arguing against spam apologists that understand C++ and Script better than you, likely, they'll dunk on your for some technical error you'll make .. but honestly, who cares about getting dunked on by someone like Udi .. no front .. but that's just some fat dude (that probably still can't bench 225 for reps) scamming retail noobs with JPEGs.
I've never had it happen to me because I'm irrelevant but is it really that scary when a bunch of spam apologists dogpile you for a technical error you made?
#asknostr #knots #spam #bitcoin
quotingI think JPEGs on the timechain are stupid.
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But the idea that they're going to hurt Bitcoin seems so weak to me. Like the US dollar can withstand people scribbling on it but Bitcoin can't?
In fact, the idea of Bitcoin as a glorious digital monument with some graffiti scribbled on it represents humanity pretty well. That's kind of us in a nutshell. Seems on-brand. Perfectionists trying to keep their little gardens tidy while trolls come in and find ways to mess with them anyway.
NFTs and memecoins already had their peak fad moments. People now know that they're non-scarce gambling toys rather than investments. It's just echoes of that peak now. The only thing that concerned me about the ordinals/runes period was the rapid UTXO bloat, not the blockspace usage, since the latter already has a consensus limit on it.
And if Bitcoin transactions can't outprice JPEGs in the long run, then it's just not that valuable. Bitcoin currently does about 1% of the gross settlement volume of Fedwire. That's peanuts. Imagine if it reaches a point where it does even like 10% of Fedwire. What would you pay to move a full bitcoin globally, permissionlessly, in 10 minutes, in a world where it's no longer a niche thing?