The proposal introduces seven consensus-level restrictions targeting data embedding vectors, yet Peter Todd demonstrated its fatal flaw by encoding the entire text of BIP-110 itself into a single compliant transaction.
embedding text is not a problem. embedding reams of paper, representing continuous data, that gets easily reassembled into images is SPAM.
The deeper issue is what BIP-110 represents for Bitcoin's future.
yeah, if Bitcoin's future is the antagonistic hyper-independent, I'm here for that. it's bitcoin's past, too.
The moment we start restricting transactions based on subjective judgments
every single mechanism for identifying changes in the protocol (as specified by the BIP) are objective
"legitimate" versus "illegitimate" use of block space
nope... it's financial data vs. non-financial data. this is a P2P cash network. there's no reason to continue accidentally enabled support for cat.gif.
we set a precedent that could be turned against any disfavored use case tomorrow.
what exact precedent are you describing? the precedent for not accepting network abuse by a minority of "art dealers" to take massive advantage of the stupid?
a forced UASF activation risks a chain split that would burn the community's coordination capital
if you run a node, then you know how to coordinate to address this
We should be solving the spam problem with better economics and smarter protocol design, not by giving anyone the power to decide which transactions deserve to exist.
a) better economics for who? certainly not the NFT hustlers who are enabled by v30. probably not the massive mining pools who are supplementing their shitty power costs by mining these fucked transactions (pre-v30) via out-of-band solutions.
b) Protocol design happens by BIP. This is a smart, limited solution to a fucking awful problem: remove accidental support, for 1 year in, in order to eliminate the profitability of the corporate entities engaged in this practice.
embedding text is not a problem. embedding reams of paper, representing continuous data, that gets easily reassembled into images is SPAM.
yeah, if Bitcoin's future is the antagonistic hyper-independent, I'm here for that. it's bitcoin's past, too.
every single mechanism for identifying changes in the protocol (as specified by the BIP) are objective
nope... it's financial data vs. non-financial data. this is a P2P cash network. there's no reason to continue accidentally enabled support for cat.gif.
what exact precedent are you describing? the precedent for not accepting network abuse by a minority of "art dealers" to take massive advantage of the stupid?
if you run a node, then you know how to coordinate to address this
a) better economics for who? certainly not the NFT hustlers who are enabled by v30. probably not the massive mining pools who are supplementing their shitty power costs by mining these fucked transactions (pre-v30) via out-of-band solutions.
b) Protocol design happens by BIP. This is a smart, limited solution to a fucking awful problem: remove accidental support, for 1 year in, in order to eliminate the profitability of the corporate entities engaged in this practice.