My biggest concern is that it could take up too much block space, and the fees could crowd out Bitcoin transactions. Bitcoin isn’t designed to be a JPEG repository. Let Ethereum and other blockchains handle the NFTs.
If Bitcoin is going to store JPEGs, it should be on Layer 2 platforms like Lightning/Nostr, not the Layer 1 / blockchain. Layer 1 should just be Bitcoin transactions to keep the network decentralized and keep the node specs / disk space / bandwidth / power consumption minimal.
Martian
npub1thq…fx92
2023-02-02 17:05:02
in reply to nevent1q…j985
Author Public Key
npub1thqncfxnsu6pylaqpya6alwmv9n22rk0sndttvdt97h0s2wnnzxsm4fx92Published at
2023-02-02 17:05:02Event JSON
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"content": "My biggest concern is that it could take up too much block space, and the fees could crowd out Bitcoin transactions. Bitcoin isn’t designed to be a JPEG repository. Let Ethereum and other blockchains handle the NFTs.\n\nIf Bitcoin is going to store JPEGs, it should be on Layer 2 platforms like Lightning/Nostr, not the Layer 1 / blockchain. Layer 1 should just be Bitcoin transactions to keep the network decentralized and keep the node specs / disk space / bandwidth / power consumption minimal.",
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