Post
Topic
Board Bitcoin Discussion
Re: Mempool Observer Topic
by
stompix
on 22/12/2023, 16:10:43 UTC
Yep, something needs to be done, and as I said in another thread the fix may be released with v27.0 will eliminate the spam token transactions from the network

Let me ask you something, let's suppose we kill ordinals. Good!

Going by the bitcoin press and blogs:
Quote
The survey was conducted in May 2023 and found that found that 52% of Turkish adults aged 18 to 60 have invested in cryptocurrencies, a 12% increase from 40% in November 2021
Quote
47% of Nigerians Engaged in Crypto-Related Activities

I'll spare you the math and say that just two two should account for close to 100 million users, now assuming by user you mean a guy who makes a tx at least a month, right, then we need 3 million tx a day for these guys alone!!!!!
When we will truly reach those levels of acceptance, whom do we fix and eliminate?

For half of the Europeans to withdraw their bitcoins to their own cold wallet and do nothing with them after, we need at perfect batching solutions, so 1 input 1000 outputs, segwit only nothing else,  90 days of blockspace. For the whole of India to do this we need, you guess it, one year!!

Who do we eliminate or tell to fuck off and not do a on chain tx then?  Wink

First is ordinals, then it's consolidating inputs cause you can just use coin control, then mixers, then it's casinos, next a restriction for coins to be spent under 72 hours, then...what? We start culling people who own less than 0.0001 as it's considered dust?