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103 sats \ 7 replies \ @0xbitcoiner 8 Sep \ on: Gold was used for persistent data storage too bitcoin
Gold can be melted down and reused. Persistent data? Not so much!
Since full blocks are full blocks (put that aside from the UTXO set increase)...
If full blocks are full of 'data' with fewer and higher-fee transactions...
Or with less data ut more smaller transactions that add up to a similar total block reward...
They're both the same from a node's perspective right?
Full blocks of monetary usage take storage. Full blocks of 'data' also take storage. So... what's the difference from the node's perspective?
It's all data storage. I say let the "most valuable" blockspace economics win...
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From what little I know, I can only see one downside, and that's the faster growth rate of the blockchain. I've said it before, Bitcoin's for whoever wants to use it, spammers and all!
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I doubt that you know "a little" but thanks :)
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Well, I don't really understand the inscriptions/runes/ordinals protocols, because I don't give a crap about NFTs. But can you not re-use their UTXOs for regular transactions?
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Same here! Just guessing, but I think so. Still, I guess you can’t really ‘melt’ OP_RETURN data. Data written in gold is only persistent… until someone melts it down.
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good point
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