Satoshi Nakamoto: The total cost of that "spam" is greater than its price in the fee. "The question isn't whether spam can outbid me; the question is the infrastructure cost that spam forces the entire ecosystem to pay. Every transaction, whether spam or an essential payment.
Nick Szabo: And the biggest cost of the spam isn't the volume; it's the legal and moral risks that come with arbitrary non-financial content, which are far larger, far less predictable, and far less manageable by the bitcoin leal community, than the legal and moral risks from merely arbitrary financial transactions.
Satoshi Nakamoto: The total cost of that "spam" is greater than its price in the fee. "The question isn't whether spam can outbid me; the question is the infrastructure cost that spam forces the entire ecosystem to pay. Every transaction, whether spam or an essential payment.
Nick Szabo: And the biggest cost of the spam isn't the volume; it's the legal and moral risks that come with arbitrary non-financial content, which are far larger, far less predictable, and far less manageable by the bitcoin leal community, than the legal and moral risks from merely arbitrary financial transactions.
https://nitter.privacyredirect.com/NickSzabo4/status/1975936518163476576#m