I personally have mixed feelings of whether I'd support such a change, but I'd tend to oppose it, because frankly, I believe anyone should have the right to do their bitcoin as they like if they're willing to pay for it. Nonetheless, I'd absolutely love to see other expert's opinions on this.
I would like to hear it as well... Would be nice to get a summary of how Core maintainers and contributors have been approaching the subject and what - if any - changes to the code have been suggested.
It seems like they are waiting to see how persistent the issue is going to be and whether or not it warrants any kind of alteration. Even limiting size of witness data may not matter as Ordinals peeps can simply chain transactions together as happens with
Recursive Inscriptions. These types of inscriptions will be more costly but will not end the problem of people using Bitcoin for data storage... I don't think anything will.
Which is why BTC maxers are pissed. Basically scrypt is helped out bigly by this and there is a ton of pow gear involved with scrypt. So there are people with serious money that benefit by clogging the BTC blockchain.
I see this high fee pattern repeating over and over and over and over again.
As it forces people to look at other POW coins. such as LTC/Doge.
there is 680th of doge miners or 75,000 L7 machines worth about 314.16 million usd
that is about 7% of btc machines value as there are about 4,670,000 100th machines on sha256 worth 1200 each
5.604 billion.
Ignoring this dynamic is not working as those guys will also have a vested interest in jacking up BTC fees via clogging the btc blockchain.
LTC+ Doge pre power daily mining earnings are 1.215 million
BTC pre power daily mining earnings are 33.3 million
BTC is soon to hit its ½ ing this means earnings for miners drop in the short term.
SO this dynamic never goes away.
BTW if you think 6.25 reward coins earned with 2.75 in added fees is fucked up (not for miners) but for others
wait till
3.125 reward coins and 2.85 in added fees starts happening. It will the economics of mining are going to make it happen. And other mined coins will fee the spam on the BTC chain as they earn more money by doing it.