0 sats \ 4 replies \ @sudonaka 6 Aug 2023 \ on: Guys, I have tbh, ordinals is a big fuck up. bitcoin
“Ordinals” helped achieve the first block where transaction fees were greater than block rewards this year during the 6.25 reward epoch.
This was a historic moment, I don’t think anyone would have expected to achieve it until another halving.
The free market will decide how popular adding extra data to your base layer transactions is.
So help to archive high cost transactions is a win in your eyes?
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If you pay for the space, you pay for the space. Blocks had to fill up eventually..
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Bitcoin needs that to survive as the block rewards decrease.
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It seems like you are missing the forest for the trees. The final epoch of mining will have a block reward of 1 sat.
The reward for mining blocks has to come from transactions. To demonstrate that this was even possible- and during 6.25 no less- is an achievement.
In 20-30 years it will be extremely rare as an individual user to make an entry in the timechain. Mostly will be channels and mint settlements.
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