Right but happens when the spammers are funded by the competition (aka the money printers)? IMO L1 should be kept as low fee as possible for as long as possible to maximize the amount of folks who can participate in the self custody revolution. This gives #bitcoin the best possible chance of breaking the #tradfi strangle hold of the fiat price of #btc and simultaneously the best chance for us to break the state and currency link.
Meanwhile the mempool now sits around 1.5 GIGS! This spam has the potential to not only keep lower USD networthers barred from participating in the self custody revolution because their UTXOs are economically paralyzed by high L1 fees, but it also has the potential to make the protocol less decentralized by increasing the hardware requirements for running nodes if it keeps growing. Anyway just my 2 sats. 🫡
B1tR0y
npub1998…5gu9
2023-12-09 06:14:59
in reply to nevent1q…rhzw
Author Public Key
npub19986nenrr02qf5um8ex4wyhpxhn0fk95cdl8l8whjyk84ug7x49q0r5gu9Published at
2023-12-09 06:14:59Event JSON
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"content": "Right but happens when the spammers are funded by the competition (aka the money printers)? IMO L1 should be kept as low fee as possible for as long as possible to maximize the amount of folks who can participate in the self custody revolution. This gives #bitcoin the best possible chance of breaking the #tradfi strangle hold of the fiat price of #btc and simultaneously the best chance for us to break the state and currency link. \n\nMeanwhile the mempool now sits around 1.5 GIGS! This spam has the potential to not only keep lower USD networthers barred from participating in the self custody revolution because their UTXOs are economically paralyzed by high L1 fees, but it also has the potential to make the protocol less decentralized by increasing the hardware requirements for running nodes if it keeps growing. Anyway just my 2 sats. 🫡",
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}