Imo, some people are overreacting to the BRC-20 spam. That’s what fees are for, and meme coin speculators only have so much capital to burn, and only so many followers to use as exit liquidity.
It’s good for users and devs to constantly evaluate the incentive model to make sure it works, and to see what minor long-term consensus changes might be useful over time. But there is no need for knee jerk reactions for things- the desire to constantly tweak a monetary system in response to stimuli is why fiat currency and other crypto currencies exist.
One of the key things that made me turn from interested in bitcoin to bullish on bitcoin was the resolution of the Blocksize War in favor of the small blockers.
I initiated coverage of bitcoin/crypto in 2017, and watched the forks play out. The fact that the big blockers weren’t able to overcome the node network helped me see over the next couple years how bitcoin stands apart in terms immutability and decentralization. And that is still the case.
LynAlden / Lyn Alden
npub1a2…cw83a
2023-05-10 17:38:42
Author Public Key
npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83aPublished at
2023-05-10 17:38:42Event JSON
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"content": "Imo, some people are overreacting to the BRC-20 spam. That’s what fees are for, and meme coin speculators only have so much capital to burn, and only so many followers to use as exit liquidity.\n\nIt’s good for users and devs to constantly evaluate the incentive model to make sure it works, and to see what minor long-term consensus changes might be useful over time. But there is no need for knee jerk reactions for things- the desire to constantly tweak a monetary system in response to stimuli is why fiat currency and other crypto currencies exist.\n\nOne of the key things that made me turn from interested in bitcoin to bullish on bitcoin was the resolution of the Blocksize War in favor of the small blockers.\n\nI initiated coverage of bitcoin/crypto in 2017, and watched the forks play out. The fact that the big blockers weren’t able to overcome the node network helped me see over the next couple years how bitcoin stands apart in terms immutability and decentralization. And that is still the case.",
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