Post
Topic
Board Development & Technical Discussion
Merits 4 from 3 users
Re: BRC-20 needs to be removed
by
philipma1957
on 08/06/2023, 20:16:52 UTC
⭐ Merited by HmmMAA (2) ,larry_vw_1955 (1) ,vapourminer (1)
because this applies to big inscriptions
The big inscriptions are non-standard still today, too.  The maximum weight of a standard transaction wasn't changed by taproot. ... but parties can and do pay miners to bypass those rules, and clearly have here.  So I think taproot is also pretty irrelevant for the huge ones too.

I don't think anyone can seriously deny that miners will accept payment to attack the network,  so I think the general skepticism for standardness as anything but a tool to protect forward compatibility mechanisms is probably well founded.


This is the flaw of BTC and current fee structure not the miners or pools.

Getting rid of BRC-20+ordinals+NFTS

only makes pools want to simply do a minimum tx fee of 30 or 40 or 50 sats a block.

In 2032 block reward will be .78 btc if fees are 1.22 a block will be 2 coins if coins are 100k

The smallest fee would be about 227 x 50 = 11350 sats or 0.00011350 btc or $11.35

I believe that the major pools will do everything they can to insure fees are high enough for their survival.

As a miner burning 5000 k-watts a day. or $250 a day I will be forced to use larger pools to avoid variance. So the problem of BRC-20/ordinals/NFT's is a smoke screen to the real issue top 5 pools have 87% of the hash and can set fees at 50sats or higher.

And at the same time they can greenlight fake 0.00000227 tx's to flood the blocks.

This has been done before my lock thread talks about it.

And I see 2032 as fairly close to this date now.

I say leave the ordinal/BRC-20/NFT shit alone and work on a bigger scoped solve that also deals with what I am talking about.

Or leave it all alone and do nothing to see where it goes and how fucked up it gets.

I do not like an out of the fire pan and into the fire solution.