My understanding... is that blocks were never intended to be 4mb in total. The 'extra' 3 mb was there 'in addition' for signatures/efficiency.
Now the 4 mb blocks can be consumed with... arbitrary data. Jpegs. It essentially was a blocksize increase if indirect.
What I don't understand is to whom the jpegs and memecoins can be sold. Who is buying them? Because at 30$ a piece to 'inscribe' someone is buying them otherwise they are not profitable.
I like Knots... but I don't run it as I can't imagine mempool policy alone preventing arbitrary data. The 'fee market' and fair demand for blockspace has to step in and outspend the jpeg people.
My understanding... is that blocks were never intended to be 4mb in total. The 'extra' 3 mb was there 'in addition' for signatures/efficiency.
Now the 4 mb blocks can be consumed with... arbitrary data. Jpegs. It essentially was a blocksize increase if indirect.
What I don't understand is to whom the jpegs and memecoins can be sold. Who is buying them? Because at 30$ a piece to 'inscribe' someone is buying them otherwise they are not profitable.
I like Knots... but I don't run it as I can't imagine mempool policy alone preventing arbitrary data. The 'fee market' and fair demand for blockspace has to step in and outspend the jpeg people.