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True-ish, on OP_RETURN. It is the lesser of arbitrary data evils (in UTXO memory space, but still a block-space blight. Most ordinal OP_RETURNs float right at the UTXO dust-limit. Meaning it is never intended to be of monetary value, but still remain transferable (spendable). This is how ordinals work... And most-evil are inscriptions which abuse Taproot operations and addresses to encode (inscribe) data into MANY UTXOs. These now represent the majority of Bitcoin UTXOs stored in UTXO memory.
Rug the scammers, take back Bitcoin. BIP110 detractors tend to be emotional mid-wits. If this stuff is OK to anybody here, go research Solana or Ethereum. We built Bitcoin, we were here first.
This is how ordinals work... And most-evil are inscriptions which abuse Taproot operations and addresses to encode (inscribe) data into MANY UTXOs.
You are referring to BRC-20s... they caused most of the increase in the UTXO set. They were designed to "pump" and the "pumpers" gamed them in such a way that the more outputs in a transaction, the "more tokens" you had.
So what did the degens do? Make huge numbers of outputs then lost the keys when they didn't get that 100x that's what happened.
Otoh I don't know how Bip-110 fixes any of this. Bip-110 doesn't stop, prevent, or fix Runes memecoins, their proliferation or the next version of runes whatever they are called that fits in op_return.
The highlighted below is everything with an op_return...
This block burned up > 37 BTC in fees alone. If people are willing to spend that much just to burn it all in op_return how are you going to stop them?
Only utxos need to be stored in memory. OP_RETURN data does not as there's nothing spendable about it. It's always going to be possible to store data you don't like in the chain and whether it's two cents or two dollars per megabyte it's a steal for, and I'll do you one better, universe-wide redundancy. After all that BIP110 still doesn't make sense.