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0 sats \ 8 replies \ @eduardopro 13 Oct \ on: There's something Rotten in Denmark... and it's Bitcoin Users Lack of GUTS bitcoin
It's not a small amount of spam, and it has not disappeared. It will be on the blockchain forever.
Bitcoin is censorship-resistant money, not a censorship-resistant database. And it can't be both.
Research why the spam attack suddenly became possible after February 2023 and come to your own conclusions. You will soon see that the mempool is empty because of the spam attack.
Bitcoin is censorship-resistant money, not a censorship-resistant database. And it can't be both.
wtf are you talking about, without money there would be no need for database, ever. The first database, the need for humans to write, its' because of money and exchange of value. People learn to do math before learning the alphabet. Study history, cry harder.
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Calm down.
I should've said a general storage database, sure.
The message was not that hard to understand, though.
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I should've said a general storage database, sure.
What you are not getting is the fact that bitcoin block chain is a database, a ledger, immutable and decentralized, the first of its kind.
What you have wrote above does not make sense at all, and look's like you're still not getting it...
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Yes, you're right. The blockchain is technically a database. I made a mistake in my first statement.
However, if you add pictures, videos, and complex transactions to that economic data, it becomes a general purpose database. And all that unnecessary complexity weighs down the system and works against the monetary nature of the network.
I hope the message is clear now.
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People all over the world were using the main chain for all kinds of transactions and the mempools were moving along.
The spam attack caused the fees to rise to ridiculous levels for months.
People who use Bitcoin as money have lives to live, they can't wait for the Ordinals crowd to stop scamming each other. They were forced to find alternative ways to move value.
Once the spammers ran out of money and the fees went down, people had already found other ways and never looked back.
It's not easy to see, but check the stats. The mempool's activity never recovered after the spam attack.
And as a bonus, check the tweets from the time, spammers announced the attack. And then, they were gloating and making fun of normal people who couldn't afford the ridiculous fees.
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The mempool isn't empty because of the spam attack.
The mempool is empty because of the CGTaxes required by the state.
And because "bitcoiners" somehow have gotten soft and lazy.
And because people want change to happen without making any effort themselves.
If the blockchain was completely full... for months or years that data of financial transactions would be stored too, no? So blocks would be full anyway. In fact if it became the 'world reserve currency' of sorts blocks would be completely full and transactions expensive. Would you be happy then?
I always wanted to ask: which part specifically is the money? Is it the UTXO? The blocks? The various scripts? The private keys? The public keys? Relay policy? Which part is the Money? Maybe it's the ASICs that run all night and day?
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The mempool is empty because of the spam attack.
People who use Bitcoin as money on a daily basis don't live in the US.
Check the stats against this explanation:
"People all over the world were using the main chain for all kinds of transactions and the mempools were moving along.
The spam attack caused the fees to rise to ridiculous levels for months.
People who use Bitcoin as money have lives to live, they can't wait for the Ordinals crowd to stop scamming each other. They were forced to find alternative ways to move value.
Once the spammers ran out of money and the fees went down, people had already found other ways and never looked back.
It's not easy to see, but check the stats. The mempool's activity never recovered after the spam attack.
And as a bonus, check the tweets from the time, spammers announced the attack. And then, they were gloating and making fun of normal people who couldn't afford the ridiculous fees."
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