Post
Topic
Board Bitcoin Discussion
Re: Finally Bitcoin Devolpers planning to kill Ordinals and Inscription
by
o_e_l_e_o
on 11/12/2023, 16:14:55 UTC
At this point I should ask: when block subsidy will be near zero? Near zero in BTC or near zero in fiat? I guess this block subsidy amount protection is built into Bitcoin, it was meant to work like that by design. If by the time block subsidy is say 0.0001 but Bitcoin price is $100.000.000 will miners be able to survive?
That's only $10,000 per block, even at the price of $100 million. At the moment miners are earning about $250,000-$300,000 per block. And what when the subsidy is actually zero? Fees alone will sustain the network, and banning swaths of transactions which pay high fees will not be sustainable.

he didn't say he could afford it. he said he would pay it. i'm sure he doesn't want to pay a high fee but that's beside the point. he believes in bitcoin so he's willing to put his money where his mouth is and support the network. that's what he's saying.
This. Ordinals are spam, and I personally would prefer if they didn't exist. The high fee situation we find ourselves in is less than ideal, and I personally would prefer if fees were lower. However, I will suffer ordinals and I will pay higher fees if this is the price to keep bitcoin as freedom money and stop a small group of people censoring transactions they do not agree with. Bitcoin as a concept is far more important than the personal inconvenience of higher fees.

If the fees are becoming prohibitive for normal people to use bitcoin, then we need to work on scaling, not on censorship.