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0 sats \ 1 reply \ @anon 17h \ parent \ on: Sitting here at Steak n Shake eating fries. What's the problem with Bitcoin now? bitcoin
How did fees reach 500sats/vb+ back in the first few ordinals and runes waves?
Ordinals don't exist btw. 'Ordinals' is an arbitrary numbering scheme to 'pretend' you can order sats lining up inputs and outputs it's dumb. Degens were sending utxos back and forth to exchanges to 'pan' for 'rare sats' base on some arbitrary numbering scheme a dev just made up.
'Runes' is ~10 bytes in op_return used to 'pretend' a memecoin exists this stuff is fringe stupidity.
After the hype subsided all the spammers did was burn huge amounts of Bitcoin.
How much would you have to pay Google Drive or Drop Box for uncensored data storage for 1000 years?
Bitcoin for arbitrary data is vastly more expensive... than Google Drive/Dropbox.
What if you are a government actor that can print money for fees?
A government can pay fees and create massive amounts of dust to harm the network without using any arbitrary data.
There is limitless demand for data storage. And v30 just invited a lot more data storage users to bitcoin.
Most people have no idea Bitcoin can even 'store data' and data in op_return is really expensive. Therefore my outlook is holistic...
Do people want use Bitcoin or not? If they do they pay fees whatever it costs if they don't they won't it's as simple as that.
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0 sats \ 0 replies \ @anon 10h
Bitcoin for arbitrary data is vastly more expensive... than Google Drive/Dropbox.
@anon, you know just enough to be retarded.
Keep your opinions to yourself for now.
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