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You should read about btc-20 tokens as well. It's funny that Murch brings them up as an argument for larger op_return, when they just need more storage because their design is ridiculously bad. Saying that brc-20 tokens need bigger op_return is making the case for not increasing op_return.
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I think I really need to take @niftynei's intro to bitcoin transactions to understand all the differences between standard vs non-standard transactions, witness discount,
OP_RETURNetc.@niftynei when she reads this: