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Did you ever wonder why the Bitcoin Core developers were willing to risk their reputation and the software's status as the reference implementation on such a controversial change?
The answer is here, it didn't take long.
"Bitcoin Core v30.0 just opened a new era for metaprotocols on Bitcoin.
With this update, OP_RETURN removes the 80-byte limit, allowing multiple data fragments to be emitted within a single transaction. Plus, the minimum relay fee is reduced to 0.1 sat/vB, making it cheaper to store and execute data directly on L1.
What does this mean for the #Atomicals ecosystem and the AVM (Atomicals Virtual Machine)?
šŸ‘‰ The AVM will benefit directly by being able to:
Execute more complex contracts directly on Bitcoin, without relying on external layers.
Process multiple operations within a single transaction, reducing costs and increasing efficiency.
Enable new forms of crowdfunding, staking, and digital economies on Bitcoin L1.
Example: A crowdfunding protocol built on AVM could now store all participation, validation, and result data within a single Bitcoin transaction, thanks to the expanded OP_RETURN capacity."
And you already know this disgusting shit isn't the last Ethereum-like project you're going to see.
The Ethereum-ization of Bitcoin was the endgame all along.
And for those of you who believed the "filters don't work" propaganda, check out last month's OP_RETURN stats:
How will this chart look next month?
Why aren't people using the P2P payments protocol sufficiently for P2P payments to ensure sufficient fees to block these ETH parasites from clogging the blockchain?
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Oh yes higher fees are good for on-chain payments adoption. 🤔
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I'm not saying that. I am asking why are people not using the protocol for payments? Can you answer that question? 🤔
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10 sats \ 0 replies \ @Scoresby 1h
fees are good for on-chain payments adoption.
Yes, people bidding over blockspace is good for bitcoin. This is the way Bitcoin is designed. To complain about it is to say "adoption is bad for adoption."
If it is bad, how do we even proceed?
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0 sats \ 2 replies \ @OT 2h
What do you think caused the op return stats? People running Knots or the minimum TX fee getting dropped?
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0 sats \ 1 reply \ @nout 56m
That's not what the graph shows. It's a bit confusing, but the x axis is byte size.
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0 sats \ 0 replies \ @OT 54m
So nothing to do with either?
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