Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: NFTs in the Bitcoin blockchain - Ordinal Theory
by
n0nce
on 06/02/2023, 13:55:51 UTC
⭐ Merited by vapourminer (1)
They would pay more if Bitcoin got more usage, but at least it was the usage it's indended for and the usage that is actually needed in this world i.e. censorship-free money transfers.
And expensive fees, which would discourage them to use it as currency. Again, what's the problem? The fact that someone decides to play by the rules and pay for stuff you don't approve of, or that the Bitcoin network can't handle lots of on-chain transactions cheaply?
As I said before, I'm all about maximizing the amount of monetary transactions while keeping blockchain size low, since that's directly correlated with decentralization staying high.
I know that right now, if you want to spam the blockchain, as long as you pay for it, you can. But I personally believe it is desirable that the extremely limited blockchain space (total blockchain from 2009 to 2023 is smaller than any one of all of my personal HDDs and SSDs) is used in the most efficient way possible.
That is my personal opinion, of course. I can't force it on anyone. Wink