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Bitcoin Stamp NFT protocol claims superiority by storing data in UTXOstwitter.com/trustmachinesco/status/1643353972885913602
30 sats \ 10 comments \ @k00b 5 Apr 2023 bitcoin
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130 sats \ 0 replies \ @orthzar 5 Apr 2023

brb making an NFT protocol that uses DNS to store and transfer tiny images

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93 sats \ 0 replies \ @DarthCoin 5 Apr 2023
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0 sats \ 7 replies \ @siggy47 5 Apr 2023

So in other words it's like inscriptions using ordinals, only worse?

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0 sats \ 6 replies \ @k00b OP 5 Apr 2023

It's like inscriptions in that its storing non-money data on bitcoin, but different in that all node operators have no choice but to store it.

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0 sats \ 5 replies \ @siggy47 5 Apr 2023

And it can't be stored in witness, so can't this potentially clog up the mempool even worse?

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20 sats \ 4 replies \ @k00b OP 5 Apr 2023

It's worse than "clogging" the mempool. It "clogs" the UTXO set which all nodes store until they're spent. The UTXO set is the current state of the ledger. The blockchain is the history that created the UTXO set. All nodes store the UTXO set to fulfill bitcoin's monetary use case.

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0 sats \ 3 replies \ @siggy47 5 Apr 2023

I see. Any obvious solution?

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20 sats \ 2 replies \ @k00b OP 5 Apr 2023

I don't think so. AFAICT it's why they're so impressed with themselves.

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0 sats \ 1 reply \ @siggy47 5 Apr 2023

I like Bob McElrath's response on twitter.

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0 sats \ 0 replies \ @k00b OP 5 Apr 2023

lol

You are vandals and morons and this idiotic use of block space will be priced out just like Satoshi Dice.[1]

  1. https://twitter.com/BobMcElrath/status/1643590395962486785 ↩

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